Sologenic's AML & KYC Policy
Manticore Labs OÜ is in charge of onboarding for users.
Anti-Money Laundering (AML) Policy
“Manticore Securities Asut.,(“Sologenic, “we” or “us”), has been registered with the Financial Intelligence Unit (FIU) and follows all the requirements set by the FIU and other law enforcement agencies. The registration code is 14719663. Providing services of exchanging a virtual currency against a fiat currency, License (FVR001049), and Providing a virtual currency wallet service, License (FRK000941).
Compliance program requirements under the Proceeds of Crime (Money Laundering and Terrorist Financing Prevention Act (MLTFPA).
In accordance with the prescribed legislative requirements, Sologenic has certain recordkeeping, identification and reporting requirements. Our compliance program includes:
· Compliance officer: The appointment of a chief anti-money laundering officer to supervise the AML/KYC team.
· Compliance policies and procedures including AML/Compliance policy, Executing Know Your Customer (“KYC”) procedures, Ongoing monitoring and business. relationship, Recordkeeping requirements.
· Risk assessment to evaluate all risks related to money laundering and terrorist financing.
· Ongoing compliance training program for our AML/KYC Compliance team.
· Reporting Procedure of suspicious ad unusual transactions.
For more information on our AML/KYC policy, please send an email to [email protected]
Individual Accounts Verification
We verify the identity of all users through the following methods
- Automated Verification (In partnership with Jumio)
We have partnered up with Jumio to verify the identity of each user automatically in order to save time. To be verified, the details in which the client has entered must match with the documentation provided by the individual client. Jumio also has face recognition technology to verify the client with the documentation. If any of the information does not match, the verification process has to be done manually by one of our KYC officers.
- Manual Verification (By our KYC team)
If the automated verification fails, the file will be sent to our compliance team to be reviewed carefully. As part of the account sign up process, all our clients are asked to upload to our site their government-issued photo ID, Selfie photo with a signature (If you use the app to sign up you only need a Selfie with no note or signature). Our compliance team may ask for any additional documents such as proof of address or a second ID. All documents must appear to be valid and unaltered in order to be acceptable. If any information has been redacted, it is not acceptable.
Corporate Account Verification
For Institutional clients, we are obligated to confirm the existence of the entity, and the entity's beneficial ownership.
In order to confirm the existence of a corporation as well as the corporation's name and address, we require the following documents:
- Original Certificate of Incorporation and Business Registration
- Memorandum and Articles of Association, aka Operating Agreement, Constitution, By-laws (which defines company structure and management policy
- An official Company Report which was issued within the last year, including a list of current directors (until natural person), a list of ultimate beneficial owners (until natural person), their nationalities/jurisdictions, their passport number, and their percentage of holdings, etc
- A URL of Government website containing your company details that verify the authenticity of registration
- Completed the Sologenic signup application form
We will also ask some questions about your business such as:
- How did you accumulate these funds?
- Your estimated monthly volume?
- Is your business cash-intensive
- Are there any nominee shareholders owning over 25%
- Please state if any of the mentioned above are PEP’s? (PEPs in the financial world means, "Politically Exposed Person".