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Know Your Customer (KYC)

GammaSigma Capital ("Company," "we," "us," or "our") is committed to complying with applicable laws and regulations relating to Know Your Customer (KYC) requirements. KYC is a critical component of our Anti-Money Laundering (AML) program, and we strive to ensure that all users of our services are properly identified and verified to help prevent financial crimes, including money laundering and the financing of terrorism.

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This KYC policy outlines our procedures for verifying the identity of our customers and assessing the potential risks they may pose.

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1. Purpose of KYC

The primary purpose of KYC is to:

  • Ensure the identity of our customers to prevent fraudulent activities, such as money laundering or identity theft.

  • Protect our services from being misused for criminal activities.

  • Comply with regulatory obligations and international standards for financial institutions.

2. KYC Requirements

To use our services, customers are required to submit personal information and documentation that will be used to verify their identity. This information may include, but is not limited to:

  • Full Name: Legal first and last name of the customer.

  • Date of Birth: Customer's date of birth to confirm they are at least 18 years old.

  • Address: A current residential address (proof of address required).

  • Government-issued ID: A copy of an official identification document (e.g., passport, driver’s license, or national ID).

  • Proof of Address: A recent utility bill, bank statement, or other official document showing the customer’s current address.

  • Source of Funds: In certain cases, we may request information about the origin of the customer’s funds to assess potential risks.

  • Selfie or Live Verification: Some users may be required to provide a selfie or undergo live verification to confirm their identity.

3. KYC Process

The KYC process includes the following steps:

  • Customer Identification: We collect and verify personal information, including identification documents and proof of address.

  • Risk Assessment: We evaluate the customer’s profile to assess potential risks, including geographical risk (e.g., if the customer is from a high-risk jurisdiction) and transaction-related risks (e.g., unusual or high-volume transactions).

  • Verification: All submitted documents are carefully reviewed for authenticity. We may use third-party verification services to enhance the accuracy of the identity check.

  • Ongoing Monitoring: Once the KYC process is complete, we continue to monitor user activity to detect any suspicious behavior that could indicate money laundering or other illegal activities.

4. Customer Risk Categorization

Based on the information provided during the KYC process, we categorize customers according to their risk profiles. This risk categorization may determine the level of monitoring and scrutiny applied to their transactions. Risk categories include:

  • Low Risk: Customers with straightforward profiles and standard trading activity.

  • Medium Risk: Customers involved in high-risk jurisdictions or complex financial activities.

  • High Risk: Customers with profiles indicating a higher likelihood of involvement in money laundering or terrorist financing activities.

5. Enhanced Due Diligence (EDD)

In certain cases, when a customer’s risk profile is considered high or suspicious, we may apply Enhanced Due Diligence (EDD) procedures. These procedures involve more rigorous checks, including:

  • A deeper investigation into the customer’s source of wealth.

  • Additional verification of the customer’s financial activities and business relationships.

  • Closer monitoring of the customer’s transactions.

6. Legal Compliance

GammaSigma Capital complies with applicable local and international KYC regulations, including those set out by the Financial Action Task Force (FATF), European Union (EU), and United States (U.S.) regulations. We ensure our KYC procedures meet or exceed the requirements of the jurisdictions in which we operate.

We also comply with all applicable sanctions lists and ensure that we do not offer services to individuals or entities that are subject to international financial sanctions, including those listed by the Office of Foreign Assets Control (OFAC) or other governing bodies.

7. Data Privacy and Security

We take the privacy and security of your personal data seriously. All KYC-related information provided by our customers is stored securely, and we comply with data protection regulations, including the General Data Protection Regulation (GDPR), where applicable.

  • Confidentiality: Personal and financial information will only be shared with authorized personnel or authorities if required by law or regulation.

  • Data Retention: KYC records are maintained for a minimum of [X] years, as required by applicable laws. If requested by law enforcement or regulatory bodies, we may be required to retain KYC documents for a longer period.

8. Refusal to Complete KYC

In certain circumstances, we may refuse to process a customer's application for services if:

  • The customer refuses to provide required documentation.

  • The documentation provided is unclear, fraudulent, or unverifiable.

  • The customer is located in a high-risk jurisdiction or on a sanctions list.

  • The customer’s identity or source of funds cannot be satisfactorily verified.

9. Ongoing Monitoring

Our KYC obligations do not end after the initial verification process. We monitor transactions and customer activities on an ongoing basis to ensure that they are consistent with the customer’s profile. We reserve the right to periodically request updated KYC information to keep our records up to date.

10. Consequences of Non-Compliance

Failure to comply with our KYC requirements may result in the suspension or termination of access to our services. We reserve the right to freeze or restrict customer accounts if suspicious activity or non-compliance is detected.

11. Amendments to the KYC Policy

We reserve the right to update or modify this KYC policy at any time. Customers will be notified of any significant changes to this policy. It is the customer’s responsibility to review the KYC policy regularly to stay informed of any updates.

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By using the services of GammaSigma Capital, you acknowledge and agree to comply with this KYC policy and understand the importance of maintaining a secure and lawful trading environment.

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