KYC\AML Policy

STUDENTICA LTD
Company registration number: 13473583
Office address: 3/11 Pine Street, Farringdon, EC1R 0JH

Introduction

These Guidelines for Anti-Money Laundering (AML), Combating Terrorist Financing (CFT) and Sanctions were devised by STUDENTICA LTD to ensure the prevention of its business from being used for Money Laundering or Terrorist Financing, as well as to guarantee adherence to the international sanctions.

STUDENTICA LTD has developed a modern risk scoring system for automated detection of suspicious activity during operations. Transactions are put on hold if flagged by the system, and the user must pass Anti-Money Laundering (AML) and Know Your Customer (KYC) verification.

STUDENTICA LTD has the right to appoint a Third-party service provider to carry out the AML/KYC process. To protect the confidentiality of your personal data, the service provider is bound to our Privacy Policy.

If the legal authorities provide a legitimate official request, STUDENTICA LTD may distribute the information gathered through the AML/KYC process.

STUDENTICA LTD will never participate in any deal with an individual or group who has been accused of or actively participating in money laundering and/or utilizing funds acquired through criminal activities.

The criteria for the identification of suspicious/high risk transactions

• The Contractors reluctance to grant access to the required information in order to verify their identity, as well as the offering of documents that create uncertainty regarding their truthfulness and legitimacy, is noted.
• Receiving the data or paperwork essential for identification from the Contractor is proving troublesome: attempts to communicate have been unsuccessful, and emails have gone unanswered.
• The Contractor refuses to provide data on the origin of their funds involved in the transaction.
• The Contractor uses TOR network services, constantly connecting from IP addresses in different countries.

Standard due diligence measures

Measures shall be taken and carried out to the extent necessary, taking into account the Client’s risk profile and other circumstances when money laundering or terrorist financing is suspected.

Measures:

• identification of the Contractor and verification of the submitted information based on information obtained from a reliable and independent source;
• gathering information on whether the Contractor is included in any sanction lists such as EU sanction list, UK sanction list, UN sanction list, etc.

Identification of translator

The following data is to be collected and verified:

• first and last name
• date of birth
• residence address

The Contractor must provide the following documents:

• proof of identity (passport, driving license)
• residential address proof (telephone Bill / Bank Account Statement / Letter from any recognized public authority / Utility bill / Letter from employer

SANCTIONS LIST (Sanctioned Countries)

The need for effective sanctions list management, coupled with reliable sanctions screening systems, is paramount. Sanctions lists are constantly monitored and updated. The following countries are blocked by default:

Afghanistan, American Samoa, Angola, Bahamas, Botswana, Belarus, Burundi, Cambodia, Central African Republic, Chad, Congo, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, Ghana, Guam, Guinea Bissau, Iran, Iraq, North Korea, Lebanon, Libya, Mali, Nigeria, Pakistan, Panama, Puerto Rico, Russia, Samoa, Saudi Arabia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Venezuela, Yemen, Zimbabwe, USA (some states).