Premium wave

Terms Know Your Customer

Premium Wave is committed to preventing money laundering, fraud, and other financial crimes. As part of our efforts to ensure compliance with applicable laws and regulations, we have implemented a Know Your Customer (KYC) policy.

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Our KYC policy is an important part of our commitment to maintaining a safe and secure trading environment for our customers. We thank you for your cooperation in helping us prevent financial crimes.

Purpose

The purpose of our KYC policy is to verify the identity of our customers, assess the risk associated with their activities, and monitor their transactions to detect and prevent financial crimes.

Customer Identification

We require all customers to provide valid identification documents, such as a government-issued ID card, passport, or driver's license, to verify their identity. In addition, we may request proof of address, such as a utility bill or bank statement, to verify the customer's residential address.

 Enhanced Due Diligence

For customers who pose a higher risk of money laundering or fraud, we may conduct enhanced due diligence, which may include obtaining additional information about the customer's source of funds and the purpose of the transaction.

Monitoring and Reporting

We continuously monitor customer transactions for suspicious activity and report any suspicious transactions to the relevant authorities as required by law.

Record Keeping

 

We maintain records of customer identification and transaction information in accordance with applicable laws and regulations. These records are kept confidential and are only disclosed as required by law.

Compliance

We are committed to complying with all applicable laws and regulations relating to KYC and anti-money laundering (AML) measures. We regularly review and update our KYC policy to ensure that it remains effective and compliant with the law.

Customer Cooperation

We ask for our customers' cooperation in providing the necessary information and documentation to comply with our KYC policy. Failure to provide the required information may result in the suspension or closure of the customer's account.

Governing Law

These Terms are governed by and construed in accordance with the laws of Canada, Cyprus and United Kingdom, without regard to its conflict of law principles.

Governing Law

Changes to Terms

 

We reserve the right to modify these Terms at any time. If we make material changes to these Terms, we will notify you by posting the revised Terms on the Platform. Your continued use of the Platform after the posting of the revised Terms constitutes your acceptance of the changes.