KYC/AML Policy

OBJECTIVE OF THE AML POLICY

Fiat201 GmbH is committed to applying anti-money laundering (AML) requirements to our business. All our employees are required to follow the highest standards of AML and Know Your Customer (KYC) compliance to reduce the risk of our services being used to facilitate financial crime.

We have implemented the AML Policy framework to ensure that all necessary steps are taken to ensure the full safety of our services. In this AML Policy, we commit to comply with the provisions set forth in the AML laws of Switzerland, the EU and the international AML guidelines.

What is AML policy?

The AML Policy is the procedure to prevent our services from being used for the purposes of money laundering, terrorist financing or other criminal activities. KYC measures are part of the AML policy. The aim of the KYC measures is to enable businesses to better know and understand their customers and help them manage their risks. We may update this procedure in the future to ensure compliance with existing laws and AML best practices.

In the event of potentially suspicious or unusual transactions or behavior on the part of customers, we take appropriate measures to eliminate the risks that have arisen. All employees involved in transactions may request additional documents, such as proof of origin of funds, etc., as they deem appropriate.

We have a well-organized procedure for keeping all records, including customer identification documents and related data. All customer and transaction data are stored confidentially and in accordance with personal data protection laws.

Our AML policy includes

1. Identification and verification of the customer before entering into a financial business relationship.
2. Implement and maintain risk-based customer due diligence, including enhanced due diligence on higher risk customers.
3. Monitor customers' transactions and financial behavior based on risk-based analysis.
4. Procedures for reporting suspicious activity internally and to appropriate law enforcement agencies.
5. Periodic AML training for our employees.

We are obligated to reject the customer's documents, close the account, and terminate the business relationship if we find suspicious activity, false documents, or lack of cooperation from the customer during the customer review process.

In which countries do we not offer our service?

Afghanistan, Algeria, Angola, Bahrain, Bangladesh, Bolivia, Botswana, Brazil, Burundi, Cambodia, Chad, China, Congo, Cuba, Curacao, Djibouti, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Ghana, India, Indonesia, Iran, Iraq, Jordan, Kenya, Korea, Kuwait, Laos, Lebanon, Liberia, Libya, Lithuania, Malawi, Malaysia, Mali, Mauritania, Myanmar/Burma, Morocco, Mozambique, Nicaragua, Niger, Nigeria, North Korea, Occupied Palestine Territories, Oman, Pakistan, Panama, Qatar, Rwanda, Saudi Arabia, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Suriname, Syria, Timor Leste, Togo, Trinidad & Tobago, Tunisia, Turkey, United Arab Emirates, Uruguay, Vietnam, Yemen, Zimbabwe, USA.