Last Updated: May 27, 2026
1. Policy Overview
BrytCopyTrading is committed to preventing money laundering, terrorist financing, and other financial crimes. This policy outlines our procedures and requirements to comply with applicable laws and regulations.
2. Customer Due Diligence (CDD)
- All users must provide valid identification documents
- Proof of address is required for account verification
- Enhanced due diligence for high-risk jurisdictions
- Regular review of customer information and risk assessment
- Screening against sanctions lists and PEP databases
3. Identity Verification Requirements
- Valid government-issued ID (passport, national ID, driver's license)
- Proof of address (utility bill, bank statement, government correspondence)
- Selfie verification for identity confirmation
- Source of funds documentation for large transactions
- Beneficial ownership information for corporate accounts
4. Transaction Monitoring
- Real-time monitoring of all transactions
- Automated alerts for suspicious activity patterns
- Manual review of high-value transactions
- Geographic and behavioral analysis
- Reporting unusual or unexplained transactions
5. Suspicious Activity Reporting
- Mandatory reporting of suspicious transactions to authorities
- Internal escalation procedures for potential AML issues
- Cooperation with law enforcement and regulatory bodies
- Maintenance of records for minimum required periods
- Regular staff training on AML procedures
6. Prohibited Activities
- Using the platform for money laundering purposes
- Facilitating terrorist financing activities
- Structuring transactions to avoid reporting requirements
- Using funds from illegal sources
- Providing false or misleading information
- Evading sanctions or embargoes
7. High-Risk Jurisdictions
We maintain a list of high-risk jurisdictions and apply enhanced due diligence for customers from these regions. Transactions involving these jurisdictions are subject to additional scrutiny and may be declined.
8. Record Keeping
- Customer identification records retained for 5 years after account closure
- Transaction records maintained for 5 years
- AML compliance records and reports archived
- Internal investigation documents preserved
- Training records for staff maintained
9. Staff Training
- Regular AML training for all relevant staff
- Updates on regulatory changes and requirements
- Testing of knowledge and procedures
- Scenario-based training exercises
- Documentation of training completion
10. Compliance Officer
BrytCopyTrading designates a Compliance Officer responsible for implementing and overseeing AML procedures, ensuring regulatory compliance, and serving as the primary contact for AML-related matters.
11. Third-Party Relationships
- Due diligence on all service providers and partners
- AML compliance requirements in contractual agreements
- Regular monitoring of third-party activities
- Right to audit third-party AML procedures
- Immediate termination for AML violations
12. User Responsibilities
- Provide accurate and complete information
- Update information promptly when changes occur
- Cooperate with verification requests
- Report suspicious activities to us
- Comply with all AML policies and procedures
13. Enforcement
Violations of this AML policy may result in account suspension, transaction rejection, reporting to authorities, and termination of services. We reserve the right to take any action necessary to prevent money laundering and comply with legal requirements.
14. Contact Information
For AML-related inquiries or to report suspicious activity:
Email: compliance@brytcopytrading.com
WhatsApp: +256 752 525 709