KYC & AML Policy

KYC & AML Policy

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Duhani Capital is committed to adhering to the highest standards of compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. Our KYC/AML Policy is designed to mitigate risks associated with money laundering and terrorism financing, ensuring a secure and transparent financial environment for our clients and stakeholders.

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Purpose and Objectives

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The primary objective of this Policy is to:

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• Prevent money laundering, terrorist financing, and other illicit financial activities.

• Ensure compliance with applicable legal and regulatory requirements.

• Protect the Company from being exploited for unlawful activities.

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To achieve these goals, Duhani Capital has established comprehensive procedures for identifying and verifying client identities, monitoring transactions, and maintaining accurate records.

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Understanding Money Laundering

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Money laundering refers to the process of disguising the origins of funds obtained through illegal activities. The process typically involves three stages:

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• Placement: Introduction of illicit funds into the financial system.

• Layering: Transferring or disguising funds to obscure their origin.

• Integration: Reintroducing laundered funds into the legitimate economy.

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Duhani Capital strictly prohibits any activities that facilitate money laundering and takes proactive steps to prevent such exploitation of its services.

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KYC (Know Your Customer) Procedures

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Duhani Capital requires all clients to undergo a comprehensive verification process before initiating any business relationship. This ensures compliance with AML regulations and safeguards our operations.

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For Individual Clients

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Clients must provide:

1. Full name, date of birth, nationality, and residential address.

2. If documents are in a language other than English, a notarized translation is required.

3. ​​Supporting documents:

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• Valid passport (showing photo and signature)

• Driver's license with photograph.

• National ID card (both sides).

• Proof of current residential address (e.g., utility bill or bank statement) not older than 3 months.

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For Corporate Clients

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Entities must provide:

1. Certificate of incorporation or national equivalent.

2. Memorandum and Articles of Association.

3. Proof of registered address (e.g., utility bill or bank statement).

4. Board resolution authorizing account opening.

5. Identity documents for directors and beneficial owners, as per individual client requirements.

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Time Frames

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1. Document Submission:

   • Clients must submit required documents within 7 calendar days of initiating the account creation process.

   • Account functionality, such as deposits or trading, is restricted until the verification process is completed.

2. Verification Process:

   • Automatic KYC systems handle initial checks, including document validity and identity verification.

   • Manually reviewed documents are approved or rejected within 3 business days. If additional verification is required, clients are notified, and the process may be extended by up to 5 business days.

3. Rejection and Resubmission:

   • If the submitted documents fail verification or are incomplete, the account application will be rejected. Clients will be informed of the reason for rejection and may resubmit corrected documents.

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Monitoring Customer Activity

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Duhani Capital continuously monitors customer activity to detect and prevent suspicious transactions. Monitoring includes:

1. Transaction Monitoring:

   • Automated and manual systems flag anomalies and deviations from the customer's typical transaction profile.

   • Transactions exceeding regulatory thresholds are reviewed and reported as necessary.

2. Suspicious Activity Reporting:

   • Suspicious transactions are reported to the relevant authorities.

   • Clients may not be notified if disclosure is prohibited by law.

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Record-Keeping and Privacy

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To ensure compliance, Duhani Capital maintains detailed records of:

1. Customer identification information.

2. Transaction data.

3. Suspicious activity reports and related documentation.

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All records are retained for a minimum of 7 years following account closure. Client data is securely stored in compliance with data protection regulations, and access is restricted to authorized personnel.

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Account Status

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Clients cannot deposit funds or access trading accounts until their KYC verification is fully completed, and their account is marked as "Verified." This ensures compliance and mitigates risks of fraudulent activity.

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Employee Training

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Employees receive regular training on AML/CTF policies, procedures, and updates, conducted at least annually or more frequently as needed. Policies and procedures are reviewed periodically to ensure alignment with the latest regulatory requirements and industry best practices. Staff are equipped to identify red flags, report suspicious activity promptly, and ensure full compliance with this Policy.

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Contact Information

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For any inquiries or concerns related to this Policy, please contact us at support@duhanicapital.com.