Anti-Money Laundering (AML) Policies

1. Introduction

Coventus Capital (“Coventus,” “we,” “us,” or “our”) is committed to maintaining the highest standards of integrity and compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. This AML Policy outlines the measures we take to prevent the misuse of our platform for illicit financial activities, including money laundering, terrorist financing, fraud, and other financial crimes.

By using our services, you agree to comply with this AML Policy and all applicable laws and regulations.

2. Regulatory Compliance

Coventus operates in accordance with international AML and CTF laws, including but not limited to:

  • Financial Action Task Force (FATF) Recommendations
  • European Union (EU) Anti-Money Laundering Directives (AMLDs)
  • United States Bank Secrecy Act (BSA) and USA PATRIOT Act
  • Financial Crimes Enforcement Network (FinCEN) Regulations
  • Other applicable global AML/CTF laws and regulations

We cooperate fully with law enforcement agencies and regulatory bodies in investigating and reporting suspicious activities.

3. Know Your Customer (KYC) & Identity Verification

To ensure compliance, all users must complete KYC verification before accessing Coventus’s services. This includes:

  • Identity Verification: Users must submit government-issued identification (passport, national ID, or driver’s license).
  • Proof of Address: A recent utility bill, bank statement, or official document verifying the user’s residential address.
  • Source of Funds Declaration: Users may be required to disclose the origin of funds used for transactions on our platform.

Coventus reserves the right to deny access or terminate accounts that fail to meet KYC requirements or provide fraudulent information.

4. Risk-Based Approach (RBA)

Coventus adopts a Risk-Based Approach (RBA) to AML compliance, categorizing users and transactions based on risk factors such as:

  • Geographical Risk: Users from high-risk jurisdictions with inadequate AML controls.
  • Transactional Risk: Large or frequent transactions that deviate from a user’s normal behavior.
  • Customer Risk: Politically Exposed Persons (PEPs) or individuals/entities with known ties to financial crime.

High-risk accounts and transactions undergo enhanced due diligence (EDD) before approval.

5. Transaction Monitoring & Suspicious Activity Reporting (SARs)

We employ automated and manual transaction monitoring to detect and prevent illicit activities. Coventus flags transactions for review based on:

  • Unusual transaction patterns (e.g., rapid, high-value transfers).
  • Transactions involving sanctioned individuals or entities.
  • Transfers between multiple accounts with no clear economic rationale.

If a transaction is deemed suspicious, Coventus will:

  1. Investigate the transaction internally.
  2. Report it to relevant financial authorities as required by law.
  3. Restrict, suspend, or terminate the associated account if necessary.

6. Sanctions Compliance

Coventus does not engage with individuals, entities, or jurisdictions subject to economic sanctions or trade restrictions, including but not limited to:

  • U.S. Office of Foreign Assets Control (OFAC) Sanctions List
  • United Nations (UN) Sanctions List
  • European Union (EU) Restrictive Measures
  • UK Financial Sanctions List

Users associated with sanctioned entities or countries will be blocked from using Coventus’s services.

7. User Responsibilities

As a user of Coventus, you agree to:

  • Provide accurate and truthful information for identity verification.
  • Avoid using Coventus’s platform for illegal activities, including money laundering, fraud, or terrorism financing.
  • Report any suspicious activity or security concerns to Coventus immediately.

Failure to comply may result in account suspension, termination, or legal action.

8. Record-Keeping & Data Protection

Coventus retains AML-related records, including KYC documentation and transaction logs, for a minimum of five (5) years as required by law.

We implement strict data security measures to protect users’ personal and financial information in compliance with GDPR, CCPA, and other data protection regulations.

9. Enforcement & Penalties

Non-compliance with AML policies may result in:

  • Account suspension or termination.
  • Reporting to law enforcement agencies.
  • Legal penalties, including fines or criminal prosecution.

Coventus reserves the right to update and enforce this policy in accordance with evolving regulations.

10. Contact Information

For AML-related inquiries or to report suspicious activity, please contact:
Email: legal@coventuscapital.com

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