The PROTERON LIMITED (hereinafter referred as “The Company”) AML Policy is designed to prevent money laundering by meeting the Cyprus AML/CFT legislation obligations including the need to have adequate systems and controls to mitigate the risk of being used to promote financial crime. The Company reserves the right to refuse registration to persons from jurisdictions that do not meet international AML/CFT standards.
The financial transactions are considered to be suspicious if they may be related in any way to money laundering and terrorist financing activities. The company may without any permissions from the Customer or notifying the Customer, inform regulating and/or law enforcement agencies of Cyprus about any suspicious transactions.
The Company reserves the right to carry out customer diligence verification of its users and their operations in the system. Enhanced customer review will be carried out periodically as part of our on-going risk management. In addition, any attempt to abuse The Company or its platform will result in immediate account suspension and informing the responsible organizations.
According to the KYC process, The Company collects and stores Customer's information on their identity and payment card photo as well as the list of any Customer’s transactions for at least six years. To start the process of verification the documents should be uploaded to the customers personal page. The provided documents will be investigated in 14 working days. The customer will be informed about the results by the e-mail.
For the Customers identical verification (KYC 2 level) The Company requires the following documents:
The account will be unverified (KYC 1 level) until the above listed documents will be presented and checked. According to the customers’ level of verification, the different limitations to use service are applied. The detailed chart is presented in the Fees & Limits.
All collected information is completely confidential and can be disclosed only to the local or other compliance regulators. The company reserves the right at any time without informing in advance and without disclosing any reason, suspend the operation of Customer account. The company must notify the Customer about the matter just after account suspending.