AML/KYC Policy

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

Introduction

Nesterlify is committed to combating money laundering and other financial crimes. We have implemented an Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy to comply with applicable laws and regulations and to protect our customers and the integrity of our platform.

AML Compliance

We are committed to:

Identifying and verifying the identity of our customers
Monitoring customer transactions for suspicious activity
Reporting suspicious activity to the relevant authorities
Cooperating with law enforcement investigations

KYC Procedures

To comply with KYC regulations, we require all customers to:

Provide personal information: This includes your name, address, date of birth, government-issued identification document, and contact information.

Verify your identity: We may use various methods to verify your identity, such as document verification, facial recognition, or video identity verification.

Provide information about your source of funds and intended use: This helps us understand your financial activity and identify potential risks.

Enhanced Due Diligence (EDD)

We may apply enhanced due diligence (EDD) procedures to certain customers, such as:

Customers who reside in high-risk jurisdictions
Customers who engage in high-risk transactions
Customers whose identity or source of funds is difficult to verify

Transaction Monitoring

We monitor customer transactions for suspicious activity using a risk-based approach. This may include:

Identifying large or unusual transactions.
Monitoring transactions to or from high-risk jurisdictions.
Analyzing customer behavior and transaction patterns

Reporting Suspicious Activity

We are obligated to report any suspicious activity to the relevant authorities. This may include:

Transactions that are inconsistent with your financial profile
Transactions that involve funds suspected of being derived from illegal activity
Transactions that appear to be structured to avoid detection