Trust & Security

KYC, KYB, and AML Policies

1. Know Your Customer (KYC)
To protect our customers and the financial system, CurrencyLink follows strict KYC procedures.

• We verify the identity of all individuals using our services.

• This includes collecting proof of identity (such as a passport, driver’s license, or national ID) and proof of address.

• We may also request additional documents when needed, such as bank statements or source of funds.

• KYC helps us confirm that you are who you say you are, reducing the risk of fraud and identity theft.

2. Know Your Business (KYB)
For corporate clients, we conduct KYB checks to ensure the legitimacy of the business.

• This involves verifying company registration details, incorporation documents, and ownership structures.

• We identify and verify all Ultimate Beneficial Owners (UBOs) who control or own a significant portion of the company.

• KYB ensures that businesses using CurrencyLink are properly registered and operating within the law.

3. Anti-Money Laundering (AML)
CurrencyLink is committed to preventing money laundering, terrorist financing, and financial crime. Our AML program includes:

• Ongoing monitoring of transactions to detect suspicious patterns.

• Screening against international sanctions and watch lists.

• Reporting of suspicious activity to relevant financial authorities in compliance with applicable law.

• Employee training and robust internal controls to maintain the integrity of our compliance program.

4. Why This Matters
These checks are not only a legal requirement but also ensure:

• A safe and trustworthy platform for our users.

• Protection against fraud, scams, and criminal misuse.

• Compliance with global financial regulations (such as FATF, FCA, FinCEN, and EU directives).

5. Your Cooperation
When you sign up, we may request documents or information to complete KYC/KYB. Providing accurate and timely information helps us activate your account quickly. Refusal or failure to provide documents may result in restricted or suspended access to our services.