ALL WEATHER ANTI-MONEY LAUNDERING (“AML”) Policy
In response to the scale and effect of money laundering, regulators globally have passed legislation(s) and ordinance(s) designed to prevent money laundering and to combat terrorism financing. Although All Weather is currently unregulated and does not officially fall within the scope of any AML/KYC obligations, we have put in place systems and procedures that meet global AML standards.
ANTI-MONEY LAUNDERING (“AML”) AND KNOW-YOUR-CUSTOMER (“KYC”) POLICY
The All Weather AML Policy is designed to prevent money laundering by following the international standards set by the Financial Action Task Force (“FATF”) for anti-money laundering and combating the financing of terrorism. All Weather insists on a comprehensive and thorough KYC and AML compliance framework. This includes monitoring of suspicious transactions and obligatory reporting to local regulators and other compliance bodies. All Weather reserves the right to refuse registration to persons from jurisdictions that do not meet international AML standards. All Weather reserves the right to carry out customer diligence verification of its users and their transactions. Enhanced customer due diligence (“EDD”) will be conducted for users that are deemed higher risk and the review of customers KYC profile and transactions will be carried out periodically as part of our ongoing risk assessment. In addition to this, any attempt to abuse All Weather or its platforms will result in immediate account suspension and reporting violations to respective authorities.
The All Weather AML and KYC policies are as follows:
- Transactions conducted via the All Weather platform will be subject to AML transaction monitoring.
- Identity documents and transaction records will be maintained for at least six years and will be submitted to regulators as required without prior notification to registered users.
- All Weather may at any time without liability and without disclosing any reason, suspend or deactivate your account. All Weather shall notify you after exercising its rights under this clause.
All customers are required to verify their identities by following the All Weather KYC procedure. This includes the submission of your current government-issued photo identity document(s) (e.g. passport, driver's license, etc) and proof of address issued within three months. Enhanced due diligence might be required to further verify the customer’s identity and source of funds.