AML/KYC PolicyAnti-Money Laundering (AML) and Know Your Customer (KYC) Policy At Sirius X, we are dedicated to maintaining a safe and compliant platform for real estate investment and virtual property management. As part of our commitment to regulatory standards and the prevention of financial crimes, we have developed a comprehensive AML and KYC policy. This policy outlines the steps we take to verify customer identities, monitor transactions, and prevent activities associated with money laundering, terrorist financing, and other unlawful acts. Our goal is to protect both our platform and our clients from potential risks by adhering to these strict guidelines.Customer Due Diligence (CDD)
  1. Identity Verification:
    2. We require all customers to provide valid, government-issued identification, such as a passport, ID card, or driver’s license. These documents are essential for verifying the customer’s identity and ensure the legitimacy of transactions on our platform.
  2. Verification of Residential Address:
    3. In addition to verifying identity, we may also request proof of residential address. Acceptable documents include utility bills or bank statements, which allow us to verify the accuracy of the address provided by the customer.
  3. Enhanced Due Diligence (EDD):
    4. For cases involving higher risks, such as potential money laundering or terrorist financing, we conduct enhanced due diligence. This process may include additional identity verification steps, source-of-funds inquiries, and thorough risk assessments.
Monitoring and Reporting
  1. Transaction Monitoring:
    2. We utilize sophisticated monitoring systems to oversee transactions on the Sirius X platform. This includes detecting suspicious patterns, large or frequent transactions, and other indicators of potential illicit activity.
  2. Suspicious Activity Reporting:
    3. If any suspicious transactions or activities are identified that may relate to money laundering, terrorist financing, or other unlawful actions, we promptly report them to the appropriate regulatory authorities, in compliance with applicable laws and regulations.
Ongoing Monitoring
  1. Regular Updates:
    2. To maintain up-to-date records, we may periodically request updated customer information, such as identification documents or proof of address. This process ensures the accuracy and currency of customer information on our platform.
  2. Risk Assessment:
    3. We conduct regular risk assessments to identify and address any potential risks related to customer activity. This includes evaluating customer risk levels based on factors such as jurisdiction, nature of business activities, and transaction history.
Data Protection and Confidentiality
  1. Data Security:
    2. Sirius X employs industry-standard security protocols to safeguard customer data, including encryption, secure storage, access controls, and regular system audits to maintain the integrity of our systems.
  2. Confidentiality:
    3. We are committed to maintaining strict confidentiality with respect to customer information, sharing data only with authorized personnel and in accordance with legal and regulatory requirements.
Training and Compliance
  1. Employee Training:
    2. Sirius X provides regular training for employees to ensure they fully understand our AML and KYC policies. This education enables them to detect, identify, and report suspicious activities promptly and accurately.
  2. Compliance with Laws and Regulations:
    3. Sirius X adheres to all applicable AML and KYC regulations, both local and international, ensuring we remain fully compliant with the legal standards required to protect our platform and customers.
At Sirius X, we take our AML and KYC responsibilities seriously to uphold the integrity of our real estate investment platform. By implementing and following these policies, we aim to create a secure environment for our customers and contribute to the global fight against financial crime.