Baji Live KYC/AML Measures
Introduction:
At Baji Live, integrity and transparency are paramount. Our KYC/AML policy outlines our commitment to detecting and preventing money laundering and terrorism financing. We adhere to strict regulatory standards across all jurisdictions.
KYC Procedures: Customer Identification
- Identification: New customers provide valid government-issued ID and proof of address.
- Verification: Information undergoes rigorous verification through reliable sources.
- Customer Due Diligence (CDD): We categorize customers based on risk, applying additional scrutiny to higher-risk individuals.
AML Procedures: Monitoring and Reporting
Continuous Monitoring: Transactions and behavior are monitored for suspicious activity.
Reporting: We promptly report any suspicious activities to authorities.
Risk Assessment: Regular assessments help mitigate money laundering and terrorism financing risks.
Compliance Program:
A designated AML Compliance Officer oversees implementation and training.
Internal Audit: Regular reviews ensure compliance with our policies.
Record Keeping:
We maintain detailed records of KYC and transactions as required by law.
Training and Awareness:
Mandatory AML training is provided to all employees, with annual refreshers.
Technology Use:
Advanced software aids in the detection of suspicious transactions.
Review and Updates:
Our policy undergoes annual review to reflect changes in regulations.
Conclusion:
Baji Live is committed to preventing money laundering and terrorism financing, ensuring a secure platform for all users. For inquiries, contact our Compliance Officer at [email protected] .
