KYC AML Policy
SMOCUP LLC (SMOCUP PAY)
KYC & AML Policy
Effective Date: 07/30/2025
Last Updated: 07/30/2025
1. Introduction
SMOCUP LLC, operating as SMOCUP PAY, is committed to complying with all applicable laws and regulations related to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). To ensure the safety and integrity of our platform, we enforce a rigorous Know Your Customer (KYC) verification process.
This policy outlines our procedures for collecting, verifying, and managing user identity information and the AML controls we apply.
2. Why KYC & AML Are Important
To prevent money laundering, fraud, and financing of illegal or terrorist activities.
To protect the integrity of our platform and our users.
To comply with national and international legal requirements.
To ensure a secure environment for all financial transactions.
3. Who Is Subject to KYC
All users of SMOCUP PAY are required to complete the KYC process before gaining full access to our services, including creating, funding, and using virtual or physical payment cards.
4. Information Collected
To verify your identity, we may collect the following:
Personal information: full name, date of birth, address, nationality
Official identification documents: passport, national ID card, driver’s license
Proof of address: utility bill, bank statement, or other official document dated within the last 3 months
Selfie or live photo for biometric verification
Any additional information required by applicable regulations
5. Verification Process
Submitted documents and information are verified through specialized partners and/or biometric recognition technologies.
In case of discrepancies or doubts, SMOCUP LLC may request additional documents or refuse service.
KYC must be completed before performing significant financial operations.
6. Ongoing Monitoring
SMOCUP LLC continuously monitors transactions for suspicious or unusual activity and may request further information at any time.
7. Data Privacy and Security
All collected data is protected with stringent technical and organizational measures. Data is shared only with entities necessary for regulatory compliance or service provision, always respecting confidentiality.
8. Denial and Suspension
Failure to complete KYC or detection of suspicious activity may result in suspension or termination of your account.
SMOCUP LLC reserves the right to block or close accounts for compliance reasons.
9. User Rights
You have the right to:
Access your personal data held by SMOCUP LLC
Request correction of inaccurate data
Object to certain processing where legally permissible
10. Contact Information
For questions regarding this KYC/AML Policy or your data, please contact:
📧 compliance@smocup.com
