Policy: “know your client”

Goal:

This KYC policy applies to all new and existing customer relationships and to all products and services offered by International Marketing Community INC. KYC is an ongoing, risk-based process aimed at collecting the necessary information about our customers, their business, and financial activities in order to:

  • Facilitate timely identification of customer that is inconsistent with established facts and information. International Marketing Community INC is committed to deterring illegal use of its products and services. The KYC policy and supporting procedures are a key component in the program to detect and prevent money laundering, terrorist financing, fraud, and identity theft;
  • Comply with our legal and regulatory obligations;
  • Gather enough information to assist in identifying appropriate products and services to meet the needs of our clients.

Customer Identity Confirmation.

When establishing a relationship with a client, we will be able to confirm the identity of a person or the existence of a legal entity within a reasonable time frame using identification methods. When a product or service is created, inquiries will be made to determine if it will be used by a third party or for the benefit of a third party. Where required, the details of third parties and their relationship with the customer will be obtained prior to the establishment of such a relationship.

Verification of Client information.

We will take reasonable and appropriate steps to verify key information provided by prospective clients from reliable independent sources. We will undertake additional verification of activities for relationships that represent a higher level of risk. We will refuse to enter into or continue a relationship or deal with any person or entity that insists on anonymity or provides false, inconsistent or conflicting information, and where inconsistency or conflict cannot be resolved after reasonable investigation.

Monitoring and updating customer information.

We will monitor customer activity to identify and report transactions that may indicate illegal or unlawful activity. We will keep accurate and complete information about clients, their business and update it when necessary to fulfill the purposes for which it was collected. When changes in client behavior become apparent, we will take steps to identify the main reasons for this.

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