Pixelex is committed to adhering to all regulatory requirements regarding Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). This KYC policy outlines the procedures for customer identification and verification to prevent money laundering and financing of terrorism.
The initial identification of a customer involves verifying and recording the customer's identity using the following method:
The procedure includes establishing whether the customer is a Politically Exposed Person (PEP) and checking if the customer is subject to any international sanctions.
For natural persons, identification is performed by checking the customer's identity card, recording their identification data, and verifying the appearance of the customer with the image on the identity card.
For legal entities, identification includes verifying the entity itself, its statutory body members, controlling persons, and beneficial owners. The procedure involves:
EDD is required in the following scenarios:
EDD measures include obtaining additional documents or information about the beneficial owner, the intended nature of the business relationship, and the source of funds. These documents should be verified from multiple credible sources, and the business relationship should be regularly and intensively monitored.
Pixelex will continuously monitor customer transactions to detect suspicious activities. This involves:
All identification and verification records must be kept for at least five years after the termination of the business relationship. These records should include:
This KYC policy is integral to Pixelex’s commitment to preventing money laundering and terrorist financing. By adhering to these procedures, Pixelex aims to protect its operations and contribute to the global effort against financial crime.
This Policy is approved by Senior Management of the company.
Effective from May 2024