AML-KYC Policy
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KYC/AML Policies
Wundersys Capital Limited
Overview
Wundersys Capital Limited is committed to maintaining the highest standards of compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) laws. Our policy aims to actively prevent money laundering and terrorist financing risks.
To help governments combat the financing of terrorism and money laundering, the law requires all financial institutions to collect, verify, and record identifying information for every individual opening an account. We also report any suspicious activity related to money laundering.
What is Money Laundering?
Money laundering is the process of converting funds from illegal activities (e.g., fraud, corruption, terrorism) into legitimate funds or investments to obscure the source.
Three Stages of Money Laundering:
- Placement: Converting illegal funds into financial instruments (e.g., checks, bank accounts, transfers) or high-value goods. This step may involve multiple deposits to avoid suspicion (known as "smurfing").
- Layering: Moving funds across multiple accounts and financial instruments to disguise their origin, making tracking difficult.
- Integration: Circulating laundered funds into the legitimate economy through goods and services.
Wundersys Capital Limited's Commitment
Our company adheres to the principles of AML and actively prevents the use of our services for money laundering, terrorist financing, or other criminal activities.
- We do not accept or disburse cash under any circumstances.
- We reserve the right to suspend accounts suspected of illegal activities.
Company Procedures
Wundersys Capital Limited ensures the identity of every client, in compliance with applicable laws and regulations, by implementing the following:
- Know Your Customer (KYC) and due diligence
- Monitoring customer activity
- Maintaining comprehensive records
Know Your Customer (KYC) Policy
Each customer must complete a verification procedure before engaging with Wundersys Capital Limited. Verification includes the following:
Individual Clients:
- Valid passport or government-issued ID (e.g., driver's license or national identity card).
- Documents proving the current permanent address (e.g., utility bills or bank statements) that are no older than three months.
Corporate Clients:
- Certificate of incorporation
- Memorandum and Articles of Association
- Proof of company address and good standing
- Board resolution authorizing account opening
- Proof of identity for directors or beneficial owners
Tracking Customer Activity
We continuously monitor customer activity to identify suspicious transactions, defined as transactions inconsistent with the customer's legitimate business or account history. We utilize both automated and manual monitoring systems to prevent illegal activities.
Record Keeping
We maintain records of all transaction data, identification documents, and reports related to AML issues for at least seven years after an account is closed.
Measures Against Suspicious Activity
In cases of suspected money laundering or criminal activity, Wundersys Capital Limited:
- Reports the activity to regulatory authorities.
- Reserves the right to suspend or terminate accounts.
- May block or terminate accounts at its discretion if deemed suspicious.
Contact Information
If you have any questions, please contact us:
- Email: support@wundersyscapital.com