KYC / AML Policy
How we verify members and prevent financial crime.
Last updated: replace with your effective date.
Verification requirement
Every member completes identity verification before bidding. We collect and verify identity documents through our verification partner to confirm you are who you say you are.
Sanctions & watchlist screening
As part of onboarding we screen applicants against government sanctions and watchlists (including OFAC) and politically-exposed-person (PEP) lists.
Ongoing monitoring
We may re-screen members periodically and monitor activity for patterns consistent with fraud or money laundering.
Recordkeeping
We retain verification and transaction records to meet anti-money-laundering and other regulatory obligations.
Enforcement
Accounts with confirmed matches or suspicious activity are blocked, and we report as required by law. We may refuse or reverse transactions to remain compliant.
This is placeholder language, not legal advice. Replace with your finalized, counsel-reviewed compliance program before launch.