Anti-Money Laundering Policy
Our commitment to preventing financial crime and maintaining platform integrity
Kravo is committed to preventing money laundering, terrorist financing, and other financial crimes. This Anti-Money Laundering (AML) Policy outlines our procedures and obligations in compliance with applicable laws and regulations.
Our Commitment
We maintain a zero-tolerance approach to money laundering and have implemented comprehensive measures to:
Know Your Customer (KYC)
All users must complete identity verification before accessing our platform. Our KYC process includes:
- Identity Verification: Government-issued photo ID (passport, driver's license, or national ID)
- Address Verification: Proof of residence (utility bill, bank statement, or tax document)
- Enhanced Due Diligence: Additional verification for high-risk customers or large transactions
- Ongoing Monitoring: Regular review and updates of customer information
Transaction Monitoring
We employ automated systems and manual reviews to detect suspicious activities, including:
Unusual Patterns
Transactions that deviate from normal behavior
Large Transactions
Deposits or withdrawals above threshold amounts
Rapid Movement
Quick deposits followed by immediate withdrawals
High-Risk Jurisdictions
Transfers to/from sanctioned countries
Suspicious Activity Reporting
When we identify suspicious activity, we take immediate action:
Investigation
Our compliance team reviews the flagged activity in detail
Account Restrictions
Temporary suspension of account or specific transactions if necessary
Regulatory Reporting
Filing Suspicious Activity Reports (SARs) with relevant authorities
Documentation
Maintaining detailed records of all investigations and actions taken
Record Keeping
We maintain comprehensive records for at least 7 years, including:
- Customer identification documents and verification records
- Transaction history and supporting documentation
- Account opening and closure information
- Suspicious activity investigations and reports
Zero Tolerance Policy
We strictly prohibit the use of our platform for:
- Money laundering or terrorist financing activities
- Transactions with sanctioned individuals or entities
- Structuring transactions to avoid reporting requirements
- Trading of illicit goods or proceeds from illegal activities
Your Cooperation is Essential
As a user, you agree to:
- Provide accurate and complete information during registration and verification
- Update your information promptly when changes occur
- Respond to requests for additional information or documentation
- Comply with all AML-related policies and procedures
Report Suspicious Activity
If you suspect any money laundering or illegal activity on our platform, please report it immediately to our compliance team.