Common use of Verification & KYC Documentation Clause in Contracts

Verification & KYC Documentation. 10.1. When the Client registers for either a demo or a live account with the Company, the Company is required to collect personal data from them for legal, fraud, anti-money laundering, and business purposes, as well as to comply with the Company’s regulatory Compliance and Know Your Client [hereinafter also referred to as: ‘KYC’, wherever applicable] requirements. 10.2. Additional reasons for such data collection include, but are not limited to: 10.2.1. To verify the Client’s identity; 10.2.2. To ensure that the Client meets the suitability requirements needed to use the Company’s products and services; 10.2.3. To assist the Company in the proper management of the Client’s account; 10.2.4. To process the Client’s transactions; 10.2.5. To send the Client information about transaction/post-transaction services; 10.2.6. To keep the Client updated with news on Company products, services, and any other information relevant to their working relationship with us; 10.2.7. For Website improvement purposes; and 10.2.8. For the analysis of statistical data which will help the Company to provide the Client with better products and services in the future. 10.3. Personal data that the Company collects directly from the Client include, but are not limited to: 10.3.1. Initial and basic personal and financial information obtained during any online or electronic registration or sign-up to the Company’s Website and services. Such information may consist of the following information: a) Client Full Name; b) Date of Birth; c) Current Address; d) Phone Number; e) Email; and f) Trading Experience. 10.3.2. Proof of Identity (POI) - front and back of the Client’s valid photo ID (Passport, Driver’s License, National Identification Card, etc.). 10.3.3. Proof of Residence (POR) - recent utility bill (apart from mobile bills) or bank statement from the last 3 months that includes the Client’s full name and full address. a) In unique cases and if the Client is unable to provide the POR, the Company may agree, in its sole discretion to accept instead of the POR a confirmation of a Post Box and a signed “Declaration of Address” (DOA). 10.3.4. Proof of Payment - front and back of the credit or debit card used to make any deposit(s) showing only the name of the Client, the expiry date of the credit or debit card and the last four digits of the of the credit or debit card. a) If deposits are made by means, such as, bank wire transfers – a proof of transfer or payment may be requested instead, displaying Client ownership of the account from which the funds are transferred from, along with correct destination address (to the Company’s account), date, amount, and currency. b) If deposits are made by other means, such as, Crypto e-wallets or exchanges – a proof of transfer or payment may be requested, along with a proof of the Client’s ownership of the e-wallet from which the funds are transferred, a completed Declaration of Wallet Ownership (DoWO) form, and correct destination address (to the Company’s Crypto account), date, amount, and currency. 10.3.5. Transaction Authorization / Declaration of Deposit (DOD) Form – an official form detailing all transactions made by the Client into the Company’s accounts. a) Said form is required to be reviewed, signed, and dated by the Client and submitted back to the Company upon completion. 10.3.6. Taxpayer Identification Number (TIN) – the Client’s personal tax identification number as required for the Company to collect for regulatory purposes. 10.3.7. Any additional documents, applications, forms, agreements, or contracts the Company discretionarily deems necessary for a particular client or account, or as required by the financial institutions and regulatory bodies the Company uses. 10.4. If the Client opens an account under a company, corporation, or legal entity, they are required to submit documents including, but not limited to, the following: 10.4.1. All documents stipulated in Section 10.3 and its subsections of this Article;

Verification & KYC Documentation. 10.1. When the Client registers for either a demo or a live account with the Company, the Company is required to collect personal data from them for legal, fraud, anti-money laundering, and business purposes, as well as to comply with the Company’s regulatory Compliance and Know Your Client [hereinafter also referred to as: ‘KYC’, wherever applicable] requirements. 10.2. Additional reasons for such data collection include, but are not limited to: 10.2.1. To verify the Client’s identity; 10.2.2. To ensure that the Client meets the suitability requirements needed to use the Company’s products and services; 10.2.3. To assist the Company in the proper management of the Client’s account; 10.2.4. To process the Client’s transactions; 10.2.5. To send the Client information about transaction/post-transaction services; 10.2.6. To keep the Client updated with news on Company products, services, and any other information relevant to their working relationship with us; 10.2.7. For Website improvement purposes; and 10.2.8. For the analysis of statistical data which will help the Company to provide the Client with better products and services in the future. 10.3. Personal data that the Company collects directly from the Client include, but are not limited to: 10.3.1. Initial and basic personal and financial information obtained during any online or electronic registration or sign-up to the Company’s Website and services. Such information may consist of the following information: a) Client Full Name; b) Date of Birth; c) Current Address; d) Phone Number; e) Email; and f) Trading Experience. 10.3.2. Proof of Identity (POI) - front and back of the Client’s valid photo ID (Passport, Driver’s License, National Identification Card, etc.). 10.3.3. Proof of Residence (POR) - recent utility bill (apart from mobile bills) or bank statement from the last 3 months that includes the Client’s full name and full address. a) In unique cases and if the Client is unable to provide the POR, the Company may agree, in its sole discretion to accept instead of the POR a confirmation of a Post Box and a signed “Declaration of Address” (DOA). 10.3.4. Proof of Payment - front and back of the credit or debit card used to make any deposit(s) showing only the name of the Client, the expiry date of the credit or debit card and the last four digits of the of the credit or debit card. a) If deposits are made by means, such as, bank wire transfers – a proof of transfer or payment may be requested instead, displaying Client ownership of the account from which the funds are transferred from, along with correct destination address (to the Company’s account), date, amount, and currency. b) If deposits are made by other means, such as, Crypto e-wallets or exchanges – a proof of transfer or payment may be requested, along with a proof of the Client’s ownership of the e-wallet from which the funds are transferred, a completed Declaration of Wallet Ownership (DoWO) form, and correct destination address (to the Company’s Crypto account), date, amount, and currency. 10.3.5. Transaction Authorization / Declaration of Deposit (DOD) Form – an official form detailing all transactions made by the Client into the Company’s accounts. a) Said form is required to be reviewed, signed, and dated by the Client and submitted back to the Company upon completion. 10.3.6. Taxpayer Identification Number (TIN) – the Client’s personal tax identification number as required for the Company to collect for regulatory purposes.. Commented [MOU1]: This is what is required if someone uses another’s payment method (i.e. Husband uses wife’s credit card). I believe this MUST be here 10.3.7. Any additional documents, applications, forms, agreements, or contracts the Company discretionarily deems necessary for a particular client or account, or as required by the financial institutions and regulatory bodies the Company uses.. Commented [SK2R1]: Letting a husband to use the wife's cred card to finance the account lead along the way to complains, claims and problems, we delt with those situations back in the day, nothing good comes out from this, I strongly advise against it 10.4. If the Client opens an account under a company, corporation, or legal entity, they are required to submit documents including, but not limited to, the following: 10.4.1. All documents stipulated in Section 10.3 and its subsections of this Article;

Verification & KYC Documentation. 10.1. When the Client registers for either a demo or a live account with the Company, the Company is required to collect personal data from them for legal, fraud, anti-money laundering, and business purposes, as well as to comply with the Company’s regulatory Compliance and Know Your Client [hereinafter also referred to as: ‘KYC’, wherever applicable] requirements. 10.2. Additional reasons for such data collection include, but are not limited to: 10.2.1. To verify the Client’s identity; 10.2.2. To ensure that the Client meets the suitability requirements needed to use the Company’s products and services; 10.2.3. To assist the Company in the proper management of the Client’s account; 10.2.4. To process the Client’s transactions; 10.2.5. To send the Client information about transaction/post-transaction services; 10.2.6. To keep the Client updated with news on Company products, services, and any other information relevant to their working relationship with us; 10.2.7. For Website improvement purposes; and 10.2.8. For the analysis of statistical data which will help the Company to provide the Client with better products and services in the future. 10.3. Personal data that the Company collects directly from the Client include, but are not limited to: 10.3.1. Initial and basic personal and financial information obtained during any online or electronic registration or sign-up to the Company’s Website and services. Such information may consist of the following information: a) Client Full Name; b) Date of Birth; c) Current Address; d) Phone Number; e) Email; and f) Trading Experience. 10.3.2. Proof of Identity (POI) - front and back of the Client’s valid photo ID (Passport, Driver’s License, National Identification Card, etc.). 10.3.3. Proof of Residence (POR) - recent utility bill (apart from mobile bills) or bank statement from the last 3 months that includes the Client’s full name and full address. a) In unique cases and if the Client is unable to provide the POR, the Company may agree, in its sole discretion to accept instead of the POR a confirmation of a Post Box and a signed “Declaration of Address” (DOA). 10.3.4. Proof of Payment - front and back of the credit or debit card used to make any deposit(s) showing only the name of the Client, the expiry date of the credit or debit card and the last four digits of the of the credit or debit card. a) If deposits are made by means, such as, bank wire transfers – a proof of transfer or payment may be requested instead, displaying Client ownership of the account from which the funds are transferred from, along with correct destination address (to the Company’s account), date, amount, and currency. b) If deposits are made by other means, such as, Crypto e-wallets or exchanges – a proof of transfer or payment may be requested, along with a proof of the Client’s ownership of the e-wallet from which the funds are transferred, a completed Declaration of Wallet Ownership (DoWO) form, and correct destination address (to the Company’s Crypto account), date, amount, and currency. 10.3.5. Transaction Authorization / Declaration of Deposit (DOD) Form – an official form detailing all transactions made by the Client into the Company’s accounts. a) Said form is required to be reviewed, signed, and dated by the Client and submitted back to the Company upon completion. 10.3.6. Taxpayer Identification Number (TIN) – the Client’s personal tax identification number as required for the Company to collect for regulatory purposes. 10.3.7. Any additional documents, applications, forms, agreements, or contracts the Company discretionarily deems necessary for a particular client or account, or as required by the financial institutions and regulatory bodies the Company uses. 10.4. If the Client opens an account under a company, corporation, corporation or legal entity, they are required to submit documents including, but not limited to, the following: 10.4.1. All documents stipulated in Section 10.3 and its subsections of this Article;