Kenvestium maintains strict anti-money-laundering and counter-terrorism financing standards. This policy aligns with applicable AML regulations, regulatory guidance, FATF Recommendations, and multi-jurisdictional/UN sanctions regimes.
We align our AML compliance with the following frameworks:
We identify and verify every customer before account opening. Required: a valid identity document (a national passport, driver's license, or an additional government-issued ID), proof of address from the last 90 days (utility bill, bank statement, or official correspondence), and information on occupation and source of funds.
For higher-risk profiles, we apply Enhanced Due Diligence. This applies in particular to: politically exposed persons (PEPs), customers from higher-risk jurisdictions (per FATF lists), customers with complex ownership structures, and unusually large initial deposits.
We monitor all transactions continuously for anomalies. Our transaction monitoring system uses both rule-based patterns (e.g. thresholds, unusual frequencies) and ML-based anomaly detection. Suspicious activity is manually reviewed by our compliance team.
In cases of reasonable suspicion of money laundering or terrorism financing, we are legally required to file a Suspicious Activity Report (SAR). SARs are filed with the appropriate national Financial Intelligence Unit (FIU). We may not inform the customer about such a filing ("tipping-off" prohibition under applicable AML regulations and FATF Recommendations).
We do not accept customers from the following jurisdictions: countries on the FATF blacklist, countries under comprehensive applicable economic sanctions regulations (including UN, OFAC, and equivalent national regimes), and jurisdictions with insufficient AML standards per our internal risk assessments. The list is updated quarterly.
Reporting suspicious activity. If you notice suspicious activity on your account, write immediately to [email protected]. For suspected money laundering, contact [email protected].
All Kenvestium employees with customer contact or access to transaction data receive mandatory annual AML training. Our AML processes are reviewed annually by internal audit and at least every two years by external auditors.
AML-relevant documents are retained for at least 5 years after the end of the business relationship, per applicable AML regulations and FATF Recommendations requirements. SARs and related correspondence are retained per applicable regulatory requirements.