Know Your Customer (KYC) Policy

Introduction

Zeroscrow INC is committed to implementing a robust Know Your Customer (KYC) policy to ensure that we can properly identify and verify the identities of our customers. This helps prevent fraud, identify and mitigate potential risks, and ensure that we comply with global standards for financial services.

Objective

The purpose of the KYC Policy is to ensure that Zeroscrow INC does not facilitate illegal activities such as identity theft, fraud, or money laundering. By verifying the identity of our customers, we protect the integrity of our services and maintain the highest standards of financial security.

KYC Procedures

1. **Customer Identification and Verification:** At the time of account creation, all users must provide certain information, including full legal name, residential address, date of birth, and a valid government-issued identification document. This information is verified through automated systems and, where necessary, manual checks.

2. **Ongoing Customer Monitoring:** We continuously monitor transactions and behavior to ensure that they align with the information provided by the customer. Any suspicious activity will be flagged, investigated, and reported if necessary.

3. **Enhanced Due Diligence (EDD):** In high-risk situations, such as transactions involving large amounts or customers from high-risk jurisdictions, we will perform enhanced due diligence. This may include requesting additional documentation to verify the customer's source of funds and the nature of their business.

4. **Periodic Reviews:** Our customers’ information is periodically reviewed to ensure that it remains accurate and up to date. We may request updated identification documents from customers at regular intervals.

5. **Privacy and Confidentiality:** All customer data is kept confidential and will only be shared with authorized entities in compliance with applicable laws and regulations. We prioritize the privacy and security of our users' data.

Risk Assessment

We use a risk-based approach in implementing our KYC Policy, classifying customers according to the risk of fraud or illegal activity they may pose. This allows us to apply proportionate due diligence measures based on the assessed risk level.

Compliance Officer

The Compliance Officer at Zeroscrow INC is responsible for overseeing the implementation of the KYC procedures and ensuring compliance with relevant laws and regulations. They will also coordinate with external authorities as required.