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

Arcado Finance is committed to maintaining the highest standards of compliance with anti-money laundering (AML) and know your customer (KYC) regulations. This policy outlines the steps we take to prevent financial crime and protect our clients.

1. Purpose

The purpose of this AML and KYC Policy is to prevent the misuse of our financial services for money laundering, terrorist financing, fraud, and other illegal activities. It also aims to ensure compliance with applicable laws and regulations.

2. Customer Identification

We require all customers to provide valid identification before opening an account or obtaining a loan. This may include:

  • Government-issued identification (passport, driver’s license, or national ID card)
  • Proof of address (utility bill, bank statement, or lease agreement)
  • Business documents (registration certificates, tax IDs, or incorporation papers for business clients)

3. Risk Assessment

Arcado Finance conducts ongoing risk assessments to evaluate the potential risk of money laundering and financial crimes. This includes:

  • Assessing the geographic location, transaction patterns, and customer profiles
  • Monitoring high-risk clients and transactions

4. Transaction Monitoring

We implement real-time transaction monitoring systems to detect and report suspicious activities, including:

  • Large or unusual transactions
  • Multiple small transactions intended to avoid detection
  • Transfers to high-risk jurisdictions

5. Record Keeping

We maintain detailed records of all customer identification and transaction data for a minimum of five years, as required by law.

6. Reporting Obligations

We are required to report any suspicious activities to the relevant financial intelligence units (FIUs) and regulatory authorities, as mandated by law.

7. Employee Training

All Arcado Finance employees receive regular training on AML and KYC compliance to ensure they understand their roles in preventing financial crimes.

8. Updates to This Policy

We may update this policy periodically to reflect changes in laws and industry best practices. Please review this page regularly for the latest information.

9. Contact Us

If you have any questions or concerns about this AML and KYC Policy, please contact us at:

Effective Date: May 2025