AML/KYC Policy
TEZER AML/KYC Policy -
is a document aimed at minimising the risks of using the TEZER platform for illegal transactions, including money laundering and terrorist financing. In accordance with international and national regulations, TEZER is committed to implementing effective controls to prevent fraud, financial crime, trade in prohibited goods, proliferation of weapons of mass destruction, corruption and other illegal activities. In addition, the company actively monitors and responds to any suspicious user activity.
TEZER performs Customer Due Diligence (CDD) for each user in order to prevent illegal activities. For high-risk customers, such as politically exposed persons (PEPs), enhanced due diligence (EDD) is applied in accordance with established regulatory requirements. Verification is performed by our third-party partner Sum & Substance.
To pass the verification, the customer must provide valid and current government-issued identification documents such as a national ID, international passport or driver's licence, as well as proof of residential address. Additionally, a liveness check is required as part of the verification process. In case of doubts about the authenticity of the information, TEZER may request a video verification from the customer. Sum & Substance verifies the authenticity of the documents and data provided.
Extended verification (EDD) is carried out for customers with a higher risk level. In such cases, TEZER requests confirmation of the source of origin of funds to assess the legitimacy of the assets with which the client intends to transact.
Data updating and monitoring
TEZER reserves the right to regularly re-verify a customer's identity, especially if their identity has changed or their behaviour appears unusual or suspicious. Even if the customer has already been verified, the company may request updated documents. Customer verification is performed on an ongoing basis by Sum & Substance, ensuring compliance with current requirements.
Right to refuse service
TEZER has the right to refuse service to customers who have not provided the required documents or whose data cannot be verified. Users' data is regularly updated according to their risk level:
-Low-risk customers are required to update their information every five years.
=High-risk customers are required to update their data annually.
This process allows TEZER to maintain a high level of security and compliance with international AML/KYC requirements.
Verification procedure
Continuous monitoring of transactions
TEZER analyses customers' transaction patterns to identify unusual or suspicious transactions. All transactions are monitored and TEZER reserves the right to request additional information from customers if suspicious activity is detected. If such transactions are identified, the company may submit relevant reports to the regulatory authorities through its compliance officer. TEZER regularly sends Suspicious Transaction Reports (STRs) to authorised authorities, if necessary.
The Compliance Officer monitors all transactions on a daily basis to determine which transactions are legitimate and which may contain indications of financial crime. All identified suspicious or anomalous transactions are subject to mandatory reporting to the relevant government agencies.
Risk assessment
TEZER conducts a risk assessment of each client, analysing potential threats in accordance with international standards. The company's approach is based on risk-based methodology (RBA), which allows it to classify clients according to their risk level. This helps minimise the likelihood of fraud, money laundering and terrorist financing.
TEZER utilises various mechanisms to identify and mitigate risks, ensuring compliance with regulatory requirements.
Sanctions screening
TEZER strictly complies with international sanctions requirements and does not deal with persons, companies or states on sanctions lists. All clients are checked against UN, European Union and US Office of Foreign Assets Control (OFAC) sanctions databases, as well as other sanctions lists in the jurisdictions where the company operates.
Sanctions lists are checked on a daily basis to timely identify changes in the sanctions status of clients and prevent any violations of legislation.