KYC & AML Policy
Know Your Customer and Anti-Money Laundering procedures to ensure compliance and protect our community.
Last updated: March 1, 2025
Overview
Kesk Systems OÜ is committed to maintaining the highest standards of compliance with international anti-money laundering (AML) and know your customer (KYC) regulations. This policy outlines our procedures for customer identification, verification, and ongoing monitoring.
All participants in the KESK token sale must complete our KYC verification process before purchasing tokens. This helps us prevent fraud, money laundering, terrorist financing, and other illegal activities while protecting our community.
KYC Requirements
Individual Investors
All individual participants must provide:
- Government-issued photo identification (passport, driver's license, or national ID)
- Proof of address (utility bill, bank statement, or official document dated within 90 days)
- Selfie photograph holding your identification document
- Personal information including full name, date of birth, and nationality
- Source of funds declaration for investments over €10,000
Corporate Investors
Institutional and corporate participants must provide:
- Certificate of incorporation or business registration
- Articles of association or memorandum of association
- Proof of registered office address
- Board resolution authorizing the investment
- Identification documents for all beneficial owners (25%+ ownership)
- Identification documents for authorized representatives
- Corporate bank account information
Enhanced Due Diligence
Additional verification may be required for:
- High-value investments (over €50,000)
- Politically Exposed Persons (PEPs) and their associates
- Participants from high-risk jurisdictions
- Complex corporate structures
- Unusual transaction patterns or funding sources
Verification Process
Document Submission
Upload required identification documents and personal information through our secure portal.
Automated Verification
Our systems perform initial document validation and identity verification checks.
Manual Review
Our compliance team conducts manual review and may request additional information.
Processing Times
Standard Verification
Individual investors: 1-3 business days
Enhanced Due Diligence
Corporate/high-value: 5-10 business days
Verification Levels
Level 1 - Verified
Basic identity verification completed.
- Investment limit: €1,000 per transaction
- Maximum total investment: €5,000
- Access to community round pricing
Level 2 - Enhanced
Enhanced verification with proof of address.
- Investment limit: €10,000 per transaction
- Maximum total investment: €50,000
- Access to all sale phases
- Priority customer support
Level 3 - Accredited
Full institutional or accredited investor verification.
- No investment limits
- Access to private sale rounds
- Dedicated account manager
- Custom vesting schedules available
Anti-Money Laundering (AML) Monitoring
We continuously monitor all transactions and account activities to detect and prevent money laundering, terrorist financing, and other illicit activities.
Monitoring Activities
- Real-time transaction screening against sanctions lists
- Pattern analysis for unusual or suspicious activities
- Source of funds verification for large investments
- Ongoing monitoring of customer risk profiles
- Regular review and update of customer information
Suspicious Activity Reporting
If we detect suspicious activities, we will:
- Investigate the activity internally
- File Suspicious Activity Reports (SARs) with relevant authorities
- Freeze or restrict account access if necessary
- Cooperate fully with law enforcement investigations
Data Protection & Security
We implement robust security measures to protect your personal information and KYC documents:
- End-to-end encryption for all document uploads and storage
- Secure, certified data centers with physical and logical access controls
- Regular security audits and penetration testing
- Strict access controls and employee background checks
- Compliance with GDPR and other privacy regulations
Data Retention
We retain KYC information for a minimum of 7 years after account closure or the end of the business relationship, as required by applicable regulations. You may request deletion of your data after this retention period, subject to legal requirements.
Prohibited Activities
The following activities are strictly prohibited and will result in immediate account suspension:
- Money laundering or terrorist financing
- Using funds derived from illegal activities
- Providing false or misleading information
- Using another person's identity or documents
- Circumventing AML/KYC procedures
- Participating from restricted jurisdictions
- Creating multiple accounts to bypass limits
- Using our services for sanctions evasion
Violations will be reported to relevant authorities and may result in legal action.
Compliance Contact
For questions about our KYC/AML procedures or to report suspicious activities, please contact our compliance team:
Email: compliance@kesk.app
Compliance Officer: compliance-officer@kesk.app
Address: Kesk Systems OÜ, Compliance Department
Tööstuse tn 3-5, 10413 Tallinn, Estonia
We are committed to responding to all compliance inquiries promptly and maintaining the highest standards of regulatory compliance.
Policy Updates
This KYC/AML policy is reviewed and updated regularly to ensure compliance with evolving regulations and best practices. We will notify affected users of any material changes that may impact their verification status or requirements.
Your continued participation in our services constitutes acceptance of any updated policies. If you do not agree with changes, you may close your account in accordance with our Terms of Service.