Introduction

Alphusion Technology Pte. Ltd. is committed to preventing money laundering and terrorist financing. We adhere to all applicable laws and regulations regarding AML and KYC to safeguard the integrity of our financial system.

Policy Scope

This AML & KYC policy applies to all departments, businesses, and employees of Alphusion Technology Pte. Ltd. It covers all customers and transactions conducted by our company, except for the purchase of products via fiat currency.

Customer Identification Program (CIP)

We verify the identity of our customers by collecting and validating the following information, if customer metch this AML & KYC policy scope:

• Full Name
• Date of Birth
• Address
• Nationality
• Government-issued identification documents (passport, ID card, driver’s license)
• For businesses: company name, registered address, business address, company registration certificate, and identification documents of directors and beneficial owners

Customer Due Diligence (CDD)

Risk Assessment: We assess the risk level of each customer and adjust our due diligence procedures accordingly.

• Basic Due Diligence: For low-risk customers, we collect basic identification information and documents.
• Enhanced Due Diligence: For high-risk customers, we require more detailed background information and proof of funds.

Ongoing Monitoring: We continuously monitor customer activities to detect and report suspicious behavior.

Updating Customer Information

We regularly review and update customer information to ensure it remains current and accurate.

Record Keeping

We retain customer and transaction records for a minimum period of five years, as required by law. This includes identification documents, transaction records, and correspondence.

Reporting Suspicious Activities

Internal Reporting Procedures: Our employees are trained to report any suspicious activities to our AML compliance officer.

External Reporting: We report suspicious activities to the relevant regulatory authorities in accordance with legal requirements.

Privacy and Data Protection

We are committed to protecting the privacy and security of customer data. Customer information is kept confidential and used solely for compliance purposes.

Employee Training

We provide regular AML training to our employees to ensure they understand our policies and procedures, includes updates on AML regulations and best practices.

Internal Controls and Audit

Internal Audits: We regularly audit our AML and KYC policies and procedures to ensure effectiveness and compliance.

Independent Review: We engage third-party experts to independently review our AML and KYC program periodically.

Cooperation and Communication

We cooperate with local and international regulatory bodies and participate in industry forums to stay updated on AML and KYC best practices. We also report suspicious activities to relevant authorities as required.

Policy Updates

We regularly review and update our AML & KYC policies. Updates are communicated to our customers and employees as necessary.