Legal
AML & KYC Policy
Last updated: April 1, 2026
1. Introduction
SGP Trading Platform is committed to preventing money laundering, terrorist financing, and other financial crimes. This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy outlines our procedures for verifying customer identities and monitoring transactions in compliance with applicable regulations.
2. KYC Verification
All users must complete identity verification before accessing full Platform features. Basic KYC requires a valid government-issued photo ID (passport, national ID card, or driver's license). Full KYC additionally requires proof of address and a live selfie for facial verification. Verification is conducted through secure processes and documents are stored encrypted. We reserve the right to request additional documentation at any time.
3. Transaction Monitoring
We monitor all transactions on the Platform for suspicious activity. This includes automated monitoring of: unusual transaction patterns or volumes, transactions inconsistent with user profile, rapid movement of funds, structuring of transactions to avoid reporting thresholds, and transactions involving high-risk jurisdictions. Flagged transactions may be delayed or blocked pending review.
4. Suspicious Activity Reporting
When suspicious activity is detected, we will file Suspicious Activity Reports (SARs) with the appropriate regulatory authorities. We are prohibited from informing the user that a report has been filed. Users are encouraged to report any suspicious activity they observe on the Platform through the support ticket system.
5. Risk Assessment
We conduct risk assessments for all users based on: geographic location, transaction volume and frequency, source of funds, nature of trading activity, and political exposure status. High-risk users are subject to enhanced due diligence procedures, including additional documentation requirements and lower transaction limits.
6. Record Keeping
We maintain comprehensive records of: customer identification documents and verification results, all transactions and account activity, suspicious activity reports, internal investigations and their outcomes, and training records. Records are retained for a minimum of 5 years following account closure or the completion of a transaction, whichever is later.
7. Staff Training
All employees and contractors with access to customer data or transactions receive regular training on AML/KYC procedures, including identification of suspicious activity, reporting obligations, and handling of sensitive information.
8. Regulatory Cooperation
We fully cooperate with law enforcement agencies and regulatory bodies in their investigations. We respond promptly to legally valid requests for information and freeze accounts when required by applicable law or court order.
9. Contact
For questions about our AML/KYC policies, please contact our compliance team through the in-app support ticket system or email compliance@sgphup.com.