🔹KYC and AML Policy

BionicPulse Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy

Scope and Applicability This policy applies to all BionicPulse services and subsidiary projects, reinforcing our commitment to the highest standards of AML compliance and anti-terrorist financing across our operations.

Definitions

• AML (Anti-Money Laundering): Measures to combat the legalization of illegally obtained funds.

• KYC (Know Your Customer): Procedures for verifying the identity of our clients.

• CDD (Client Due Diligence): Identifying and verifying the client's identity when establishing business relationships.

• ECDD (Enhanced Client Due Diligence): Additional measures for high-risk clients.

• PEP (Politically Exposed Person): Individuals with prominent public functions, subject to stringent scrutiny.

Policy Framework

BionicPulse prohibits any activity that facilitates money laundering or the funding of terrorist activities. Our AML policies and internal controls are crafted to ensure adherence to all applicable laws and regulations.

Objectives

Our primary objective is to prevent our services from being used for criminal purposes. We aim to understand our clients' financial activities better to manage risks effectively, including those to our reputation.

Procedures and Controls

• Risk-Based Approach (RBA): We assess and manage money laundering and terrorist financing risks based on the nature of the client and the transaction.

• Customer Due Diligence and Enhanced Due Diligence: We conduct thorough background checks before establishing business relations and ongoing scrutiny for high-risk profiles.

• Transaction Monitoring: Regular review of client transactions to detect and prevent suspicious activities.

• Record Keeping: Detailed and secure records of client transactions and identity verification are maintained as per regulatory requirements.

• Employee Training: All relevant employees undergo regular training to recognize and handle potential money laundering or terrorist financing activities.

Risk Management

Particular attention is given to clients posing higher risks, such as PEPs and those from high-risk jurisdictions. Transactions that deviate from the typical pattern are flagged and investigated.

Compliance and Reporting

We report suspicious activities to regulatory authorities to comply with AML obligations. Our compliance team is equipped to handle inquiries and reports regarding potential non-compliance.

Review and Update

Our AML and KYC policies are reviewed regularly to incorporate changes in legislation and the operational landscape of our business.

Contact Information

For any queries or to report suspicious activities, please contact our compliance team at: [e-mail].

Conclusion

BionicPulse is dedicated to maintaining the integrity of our financial services and preventing the misuse of our platforms. Our AML and KYC policies are integral to our commitment to secure and responsible business practices.