AML/KYC Policy

Azbit is committed to providing you with safe, compliant, and reputable Services. Accordingly, Azbit insists on a comprehensive and thorough customer due diligence process and implementation andongoing analysis and reporting.

This includes monitoring of and for suspicious transactions and mandatory reporting tointernational regulators. By agreeing to our Terms, you acknowledge and understand that Azbit maintains verification levels which require user participation and verification in order to obtain,with leveled permissions based on user-supplied information, our ability to verify it, and ourinternalpolicies. You accept that you may not be able to achieve a desired level of verification, and Azbit reserves the right to determine, at its sole discretion, the appropriate Verification Level for anyuser, as well as the right to downgrade users without prior notice.

Azbit may, from time to time, implement policies restricting Verification Levels by nationality,country of residence, or any other factor. This may affect your ability to withdraw funds in youraccount and you indemnify Azbit against any losses associated with an inability to deposit and/orwithdraw funds based on your verification level. Azbit reserves the right to refuse registration to,or to bar transactions from or to, or terminate any relationship with, any customer for any reason(or for no reason) at any time.

The Azbit AML Policy is designed to prevent money laundering by meeting the Republic ofSeychelles AML legislation obligations including the need to have adequate systems and controls inplace to mitigate the risk of the firm being used to facilitate financial crime. This AML Policysetsout the minimum standards which must be complied with and includes:

- The appointment of a Money Laundering Reporting Officer (MLRO) who has sufficient level ofseniority and independence and who has responsibility for oversight of compliance withrelevant legislation, regulations, rules and industry guidance;

- Establishing and maintaining a Risk Based Approach (RBA) towards assessing and managingthe money laundering and terrorist financing risks to the company;

- Establishing and maintaining risk-based customer due diligence, identification, verification andknow your customer (KYC) procedures, including enhanced due diligence for those customerspresenting higher risk, such as Politically Exposed Persons (PEPs);

- Establishing and maintaining risk based systems and procedures to monitor on-going customeractivity;

- Procedures for reporting suspicious activity internally and to the relevant law enforcementauthorities as appropriate;

- The maintenance of appropriate records for the minimum prescribed periods;

- Training and awareness for all relevant employees.