Introduction and Commitment
At Cikaboom, combating money laundering (AML) and implementing strict Know Your Customer (KYC) procedures are at the core of our internal policies. As a responsible company operating in compliance with international standards and French regulations, we have established robust mechanisms to prevent illicit activities and ensure the integrity of our transactions.
1. Legal and Regulatory Framework
We strictly adhere to European directives and national laws designed to prevent money laundering and terrorist financing. Our KYC procedures are designed to identify and verify the identity of our customers in accordance with legal requirements. This includes:
- Collecting accurate and up-to-date personal information.
- Verifying identity through official documents.
- Continuously monitoring transactions to detect any suspicious activity.
2. Customer Identification Process (KYC)
When opening an account or placing your first order, we require customers to provide detailed information, including:
- Full name, address, date of birth.
- A valid identity document (passport, national identity card) and proof of residence.
- Additional information for transactions involving significant amounts.
This data is processed confidentially and securely, used solely for verifying customer identity and ensuring compliance with legal obligations.
3. Transaction Analysis and Monitoring
Every transaction on our site is subject to automated monitoring. Our advanced analytical systems detect anomalies or transactions that might indicate potential money laundering. If suspicious activity is identified, the following measures are taken:
- Temporary blocking of the transaction.
- A thorough review by our compliance team.
- Notification to the appropriate regulatory authorities if necessary.
This proactive approach ensures constant vigilance and swift action to protect both our customers and the integrity of our operations.
4. Cooperation with Authorities
We collaborate closely with financial regulators and law enforcement agencies to exchange relevant information and participate in investigations when suspicious activities are detected. This cooperative effort strengthens our ability to prevent and combat money laundering.
5. Training and Awareness
All our employees receive regular training on the risks of money laundering and the best practices for KYC. This training ensures that our team is well-informed about potential risks and equipped with the tools needed to identify any unusual behavior. Employee vigilance is a crucial component in preventing fraud.
6. Confidentiality and Data Security in KYC
The information collected as part of our KYC procedures is strictly confidential. It is stored in secure databases, accessible only to authorized personnel. We implement rigorous technical and organizational measures to protect this data from unauthorized access or breaches.
7. Compliance Measures and Audits
Our AML and KYC policies are subject to regular internal and external audits to ensure that all procedures meet regulatory requirements and industry best practices. These audits help us identify potential improvements and reinforce our preventive measures.
8. Disciplinary Actions and Sanctions
In the event of non-compliance with our KYC procedures or detection of suspicious activities, internal sanctions are enforced. These disciplinary measures ensure the robustness of our system and help prevent negligence or internal fraud.
9. Transparency and Communication
We are committed to keeping our customers informed about the measures implemented under our AML/KYC policy. Clear and detailed explanations of our procedures are available on our website, enhancing trust and transparency in our operations. We welcome any questions regarding these procedures.
10. Conclusion – A Robust and Proactive Policy
Cikaboom’s anti-money laundering policy and KYC procedures demonstrate our full commitment to transparency and security. By adopting a proactive approach, we ensure that every transaction occurs in a secure environment, protecting our customers and our business from illicit activities. We are proud to say that our AML/KYC framework is among the most rigorous in the industry, and we will continue to invest in advanced technologies to further strengthen our security measures.