AML/KYC Policy

Anti-Money Laundering and Know Your Customer procedures

Our Commitment to Compliance

Jaaz Markets Ltd. is committed to maintaining the highest standards of anti-money laundering (AML) and know your customer (KYC) compliance. We have implemented comprehensive policies and procedures to prevent our platform from being used for money laundering or terrorist financing activities.

All clients must complete identity verification before accessing our trading services. This policy outlines our verification requirements and ongoing monitoring procedures.

KYC Verification Requirements

Required Documents for Individual Accounts

1. Proof of Identity

One of the following valid, government-issued documents:

  • Passport (all pages with personal information)
  • National ID card (front and back)
  • Driver's license (front and back)

Requirements: Document must be in color, clearly visible, not expired, and show full name, date of birth, photograph, and document number.

2. Proof of Address

One of the following documents dated within the last 3 months:

  • Utility bill (electricity, water, gas, landline phone)
  • Bank statement or credit card statement
  • Government-issued document with your name and address
  • Tax assessment or municipal tax bill

Requirements: Document must clearly show your full name and residential address matching the information provided during registration.

Additional Verification (When Required)

  • Source of Funds: Documentation proving the origin of deposited funds for deposits over $10,000
  • Employment Verification: Proof of employment or income for high-value accounts
  • Selfie Verification: A selfie holding your ID document for enhanced security

Verification Process

1

Registration

Complete the online registration form with accurate personal information

2

Document Submission

Upload clear, legible copies of your ID and proof of address through your account dashboard

3

Review Process

Our compliance team reviews your documents within 24-48 hours

4

Account Approval

Once verified, your account is fully approved for trading and withdrawals

Ongoing Monitoring & Compliance

Transaction Monitoring

All deposits, withdrawals, and trading activity are monitored for suspicious patterns or unusual behavior.

Enhanced Due Diligence

High-value accounts and transactions may require additional verification and source of funds documentation.

Periodic Reviews

Client information and risk assessments are reviewed periodically to ensure ongoing compliance.

Suspicious Activity Reporting

We are required to report suspicious transactions to relevant authorities in accordance with applicable laws.

Prohibited Activities

The following activities are strictly prohibited and may result in account suspension or termination:

  • • Providing false or misleading information during registration or verification
  • • Using another person's identity or documents
  • • Attempting to circumvent our verification procedures
  • • Money laundering or terrorist financing activities
  • • Using our platform for any illegal purposes
  • • Operating accounts on behalf of unlisted third parties

Data Protection & Privacy

All personal information and documents collected during the KYC process are:

  • Encrypted and stored securely in compliance with data protection regulations
  • Used solely for verification and compliance purposes
  • Never shared with third parties except as required by law
  • Retained in accordance with applicable record-keeping requirements

Questions About Our AML/KYC Policy?

Contact our compliance team for clarification on our verification procedures

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