2. AML Policy
Last Updated: [Date]
1. Purpose
This Anti-Money Laundering (AML) Policy outlines CopyWave’s commitment to preventing money laundering, terrorist financing, and other illegal activities.
2. KYC (Know Your Customer)
- All users must complete identity verification before using the platform.
- We require valid government-issued ID, proof of address, and in some cases, proof of source of funds.
3. Monitoring & Reporting
- Transactions are monitored for unusual activity.
- Suspicious activity will be reported to relevant authorities in compliance with applicable laws.
4. Prohibited Activities
- Anonymous account creation.
- Transactions from sanctioned countries.
- Use of the platform for illegal purposes.
5. Record Retention
All KYC and transaction records are kept for at least 5 years.