We are committed to maintaining the highest standards of compliance and security in all aspects of our operations. As part of this commitment, we regularly review and update our Know Your Customer (KYC) and Know Your Business (KYB) processes to ensure the accuracy and integrity of our client information. In line with this, we would like to inform our valued clients about an upcoming KYC/KYB update initiative.

As part of our ongoing efforts to uphold regulatory compliance and enhance the effectiveness of our risk management processes, we reserve the right to request updated documentation from our clients periodically. This ensures that the information we hold in our systems remains current and accurate, thereby enabling us to better serve our clients and fulfil our regulatory obligations.

Maintaining up-to-date KYC/KYB information is essential for several reasons:

1. Regulatory Compliance: Regulatory requirements related to customer due diligence and anti-money laundering measures necessitate the regular updating of client information. By ensuring compliance with these regulations, we mitigate the risk of regulatory penalties and reputational damage.

2. Risk Mitigation: Keeping client information current enables us to effectively assess and mitigate risks associated with financial transactions. By having accurate data on our clients, we can identify and address potential risks in a timely manner, safeguarding both our clients and our business.

3.Enhanced Security: Updated KYC/KYB information contributes to the overall security of our platform by reducing the likelihood of unauthorized access and fraudulent activities. It strengthens our ability to authenticate client identities and detect suspicious behaviour, thereby protecting both our clients and our organization from financial crimes.

We appreciate the cooperation of our valued clients in this process and remain dedicated to providing them with the highest level of service and support.