AML & KYC Compliance
At KB Global Refinery, we are fully committed to upholding the highest standards of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance in accordance with both local and international laws.
1. Purpose of Our Policy
Our AML/KYC policy is designed to prevent our services from being used for money laundering, terrorist financing, or any other illicit activities. It helps ensure the integrity of our operations and fosters transparency and trust.
2. Know Your Customer (KYC)
We require the following information from all clients:
- Valid government-issued identification (e.g., passport, ID)
- Proof of residential address (e.g., utility bill, bank statement)
- Company registration documents (for corporate clients)
- Source of funds declaration
3. Anti-Money Laundering (AML) Controls
We actively monitor transactions, perform risk assessments, and conduct ongoing due diligence on clients. Suspicious activities are reported to the relevant authorities as required by law.
4. Third-Party Verification
We may use trusted third-party compliance tools to verify client identities and screen against global watchlists, including OFAC and UN sanctions.
5. Commitment to Compliance
Our team is trained regularly on AML/KYC procedures to maintain full awareness of evolving risks and regulations. We continuously update our practices to meet global compliance standards.
6. Contact Compliance Department
For questions or to submit compliance documents, please contact our Compliance Officer:
Email: support@kbglobalrefinery.com
Phone:+256 768 355043