KYC/AML Policy
Last updated: January 2025
Compliant with GwG and EU AML Directives
1. Introduction
OnePremium GmbH is committed to preventing money laundering, terrorist financing, and other financial crimes. This KYC/AML Policy outlines our compliance procedures in accordance with German Anti-Money Laundering Act (GwG) and EU Anti-Money Laundering Directives.
2. Risk-Based Approach
We employ a risk-based approach to customer due diligence. The level of verification required depends on transaction volumes, geographic factors, and risk indicators. We continuously monitor transactions for suspicious activity.
3. Customer Identification
For enhanced services or high-value transactions, we may require: • Government-issued photo ID • Proof of address • Source of funds documentation • Beneficial ownership information for entities Basic Platform access requires only wallet connection.
4. Prohibited Jurisdictions
We do not provide services to users from sanctioned jurisdictions including but not limited to: North Korea, Iran, Syria, Cuba, and Crimea region. Users must confirm they are not subject to international sanctions.
5. Transaction Monitoring
We monitor transactions for: • Unusual patterns or volumes • Structuring to avoid thresholds • Connections to high-risk jurisdictions • Sanctioned addresses Suspicious activities are reported to relevant authorities.
6. Record Keeping
We maintain records of customer identification, transaction history, and due diligence documentation for a minimum of 5 years after the end of the business relationship, as required by law.
7. Staff Training
Our team receives regular training on AML procedures, red flag identification, and regulatory requirements. We maintain a culture of compliance throughout the organization.
8. Cooperation with Authorities
We cooperate fully with law enforcement and regulatory authorities. We respond promptly to lawful information requests and suspicious activity reports.
9. Updates
This policy is reviewed and updated regularly to reflect changes in regulations and best practices. Users will be notified of material changes.