General Policies
Compliance
FINMA Documentation

Know Your Customer (KYC) Policy

1. Introduction

MACH5's Know Your Customer (KYC) policy is designed to establish a robust system for customer identification and verification. This policy helps us prevent fraud, corruption, money laundering, and terrorist financing while ensuring compliance with regulatory requirements.

2. KYC Requirements

2.1 Individual Investors

Required documentation includes:

  • Valid government-issued photo ID (passport, driver's license)
  • Proof of address (utility bill, bank statement, less than 3 months old)
  • Selfie with ID document
  • Additional documentation may be required based on risk assessment

2.2 Corporate Investors

Required documentation includes:

  • Certificate of incorporation
  • Articles of association
  • Board resolution authorizing investment
  • KYC documents for all beneficial owners (greater than 25% ownership)
  • KYC documents for authorized representatives

3. Verification Process

Our verification process includes:

  • Document authenticity verification
  • Facial recognition matching
  • Address verification
  • PEP (Politically Exposed Person) screening
  • Sanctions screening

4. Risk Assessment

We conduct risk assessments based on various factors:

  • Geographic location
  • Investment amount
  • Source of funds
  • Type of business (for corporate investors)
  • Transaction patterns

5. Enhanced Due Diligence

Enhanced due diligence is required for:

  • High-risk customers
  • Large transactions
  • Politically exposed persons
  • Complex corporate structures
  • High-risk jurisdictions

6. Ongoing Monitoring

We conduct ongoing monitoring of:

  • Transaction patterns
  • Changes in customer information
  • Risk profile updates
  • Periodic KYC renewals

7. Data Protection

We protect your KYC information by:

  • Encryption of sensitive data
  • Secure storage systems
  • Access controls and monitoring
  • Regular security audits
  • Compliance with data protection regulations

8. KYC Updates

KYC information must be updated:

  • Annually for high-risk customers
  • Every two years for medium-risk customers
  • Every three years for low-risk customers
  • When significant changes occur

9. Non-Compliance

Failure to comply with KYC requirements may result in:

  • Account restrictions
  • Transaction limitations
  • Account suspension
  • Account termination

10. Contact Information

For KYC-related inquiries, please contact our Compliance Team at [email protected].

Last updated: 1/10/2025