Anti-Money Laundering Policy
Policy Overview
Stake Code is committed to preventing money laundering and any activity that facilitates money laundering or funding of terrorist or criminal activities. We implement procedures to detect and prevent money laundering activities and ensure compliance with applicable regulations.
Know Your Customer (KYC)
Stake maintain a comprehensive Know Your Customer (KYC) program to verify the identity of our users and monitor their activities.
- Identity verification through government-issued documents
- Address verification using recent utility bills or bank statements
- Source of funds verification for significant transactions
- Regular updates and reviews of customer information
Risk Assessment
Our risk-based approach includes:
- Customer risk profiling based on location, activity, and transaction patterns
- Transaction monitoring for suspicious activities
- Regular assessment of money laundering and terrorist financing risks
- Enhanced due diligence for high-risk customers
Reporting Obligations
We maintain strict reporting procedures including:
- Suspicious Activity Reports (SARs) filing when required
- Regular reporting to relevant regulatory authorities
- Internal reporting procedures for employees
- Record keeping of all reports and supporting documentation
Staff Training
All employees receive regular training on:
- AML regulations and compliance requirements
- Identifying suspicious activities and red flags
- Customer due diligence procedures
- Internal reporting procedures
Compliance and Updates
This policy is regularly reviewed and updated to ensure compliance with evolving regulations and industry standards. We reserve the right to modify these policies at any time, with changes becoming effective immediately upon publication.
Contact Information
For any questions regarding our AML policy or to report suspicious activity, please contact our compliance team through our secure reporting channels or customer support.