KYC
Background introduction
KYC(Get to know your customers)It is a continuous one、Risk based process,Intended to collect relevant information about customers and their business and financial activities,so that:
Promote timely identification of customer activities that are inconsistent with established facts and information;
Fulfill legal and regulatory obligations;
Collect sufficient information,To assist in determining appropriate products and services,To meet the financial needs of customers。ThisKYCThe policy applies to all new and existingWM-KACustomer Relationship in Shopping Mall。 KYCComposed of four steps,The detailed description of each step is as follows。Below eachKYCIn the process,WM-KAThe mall will comply with applicable regulatory requirements and privacy obligations,Collect and useKYCinformation,And ensure the accuracy of this information、Complete and timely updates。
KYCstep1 - Determine customer identity
When establishing relationships with customers,WM-KAThe mall will use acceptable authentication methods within an acceptable time frame to determine an individual's identity or the existence of an entity。When establishing a product or service,A query will be conducted to determine whether it will be used by a third party or for their benefit。Before establishing a relationship,Obtain detailed information about third parties and their relationship with customers(If necessary)。
KYCstep2 - Collect and record customer information
WM-KAThe mall will collect and record all relevant information related to existing and potential customers,Including all beneficiaries、Intermediaries and other stakeholders,And determine the purpose and expected nature of each relationship。If applicable,We will record the types of expected account activity、Amount and frequency,And investigate the source of funds or assets。The degree of such measures will depend on the type of customer、business relations、transaction、Determination of risk sensitivity of products and services。
KYCstep3 - Verify customer information
WM-KAThe mall will take reasonable and appropriate measures,Verify key information provided by potential customers through reliable independent sources。For relationships representing higher risk levels,We will conduct additional verification activities。For insisting on anonymity or providing false information、Any individual or entity with inconsistent or conflicting information,If inconsistencies or conflicts cannot be resolved through reasonable investigation,We will refuse to establish or continue relationships or conduct transactions with them。
KYCstep4 - Monitor and update customer information
WM-KAThe mall will monitor customer activities,To identify transactions that may indicate illegal or inappropriate activities,And keep accurate information about customers, their business, and financial activities、Complete and timely updates,To meet the purpose of collecting information。When the customer's financial behavior changes significantly,We will take measures to determine its potential causes。
Management responsibility
Determine identity、collect、record、Responsibility for verifying and updating customer information,Maintaining customer relationships、The management of the business unit responsible for the product or service shall bear。In special circumstances,Management can rely onWM-KAThe other party representing the execution part within or outside the mall KYC technological process。under these circumstances,The basis for this dependence should be documented,Including providing reasonable assurance to the management that these responsibilities are reliably fulfilled through a process。In dependence WM-KAIn the case of external parties to the mall,Arrangements should be made based on a written agreement,Clearly define the responsibility for collecting and verifying customer information。The records of business units maintaining relationships should include all the information required by this policy。