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Bank-grade Security
1. Introduction
SmartInvest AI is committed to preventing money laundering and terrorist financing. This Anti-Money Laundering (AML) Policy outlines our procedures and controls designed to detect and prevent illicit financial activities.
2. Know Your Customer (KYC)
We implement robust KYC procedures to verify the identity of all users:
- Identity Verification: Government-issued ID verification
- Address Verification: Proof of residence documentation
- Source of Funds: Verification for large transactions
- Ongoing Monitoring: Continuous account activity review
3. Transaction Monitoring
Our systems monitor all transactions for suspicious activity:
- Automated detection of unusual patterns
- Large transaction reporting
- Cross-referencing with sanctions lists
- Analysis of transaction velocity and frequency
4. Reporting Obligations
We comply with all applicable reporting requirements:
- Suspicious Activity Reports (SARs)
- Currency Transaction Reports (CTRs)
- Cooperation with law enforcement agencies
- Record keeping as required by law
5. Employee Training
All employees receive comprehensive AML training covering:
- Recognition of suspicious activities
- KYC procedures and requirements
- Reporting procedures
- Legal obligations and consequences
6. Prohibited Activities
The following activities are strictly prohibited on our platform:
- Money laundering or attempting to launder money
- Terrorist financing
- Use of false or fraudulent identification
- Transactions with sanctioned entities or individuals
- Any other illegal financial activities
7. Contact
If you have questions about our AML policy or wish to report suspicious activity, please contact our compliance team at compliance@smartinvestai.com.