KYC Policy
Objective
The purpose of this policy is to establish guidelines and procedures so that QUANTASPHERE S.R.L. has adequate knowledge of its clients. This policy seeks to prevent and avoid money laundering practices, financing of terrorism, and other illicit activities, ensuring compliance with current regulations on KYC and AML.
Scope:
This policy is mandatory for all clients who wish to open a 5RF Account and/or receive payments as funded traders.
Client Identification and Verification:
Before granting a 5RF Account or processing any payment to funded traders, it is essential to conduct an identity verification accompanied by our KYC/AML review. The process, carried out through SumSub, includes the submission of the following documents:
Valid photo identification (that does not expire within the next 14 days):
Driver's license.
Passport.
Identity card.
Proof of address from the last 60 days:
Bank account statements.
Utility bills.
Telephone bill.
Information Update: Clients have the responsibility to keep their information up to date. A review and update of the information provided will be required at least every two years or when there are significant changes in the business relationship.
High-Risk Clients: Clients identified as "high risk" will be subjected to additional due diligence procedures and strengthened controls.
Document Registration and Preservation: QUANTASPHERE S.R.L. will maintain a record of all documents and information obtained for KYC purposes for a minimum period of five years after the end of the relationship with the client.
Privacy: The collected information will be protected under the relevant data protection laws and will not be shared with third parties, except in circumstances where the law requires or permits.
Training: QUANTASPHERE S.R.L. staff will receive ongoing training in KYC policies and procedures to ensure their correct implementation and stay updated on regulatory changes.
Non-Compliance: Non-compliance with this policy by a client can lead to the denial or termination of the financial relationship and, if applicable, the competent authorities will be notified.
Review and Update: This policy will be reviewed and updated periodically to reflect changes in regulations, best practices, and internal learnings.
Commitment to integrity and transparency is fundamental for QUANTASPHERE S.R.L. All stakeholders are called to comply with and respect this policy.