Preparation and analysis of documents for AML/KYC procedures, development of documentation required for conducting an ICO

Conducting an ICO involves interaction with various users and their finances. To ensure the security of the process, cryptocurrency funds and systems use special verification methods. Blocons offers services for the launch of verification technologies, we will help develop documents for KYC and ALM procedures.

Why do I need documents for KYC and ALM?

The principle of KYC is the work with the identification of the client before he conducts transactions through your service. Whereas ALM is intended to recognize laundering schemes. The implementation of such principles reduces risks, prevents fraud and contributes to the fight against money laundering. 

The purpose of this procedure:

• identify and know your clientele;
• monitor the operations performed;
• reduce the risk of corruption and fraud.

The main functions of this method are customer verification via SMS and withdrawal limits. In order to correctly implement all this, agreements, confirmations and other documents will be needed. Without KYC and ALM procedures, it will not be possible to obtain a license for cryptocurrency projects.

What is included in a KYC document?

If you need to launch the KYC procedure, then it must include the following documents:

1. Client identification. Elaborated requirements for the provision of documents during verification: personal documents, proof of address and other passport data.
2. Checking documents for validity.
3. Norms of storage of documents provided by clients.

It is necessary to set up due diligence and prepare a KYC document and agreement models in order to create a high-quality verification of counterparties.

Why order KYC and AML documents from us?

• Policies that match your real processes. AML/KYC policies, risk assessment and procedures describe how your team actually onboards and monitors clients, which is what regulators and banks check.
• Turnkey, no hassle for your team. We take the whole file: structure, AML/CFT policies, filings and regulator questions. You make decisions and sign; we do the rest and contact you only when it matters.
• We take on regulators and banks. Information requests, remarks, bank refusals, delays: we respond, revise, resubmit or appeal at no extra charge until the matter is closed.
• A senior specialist on every file. An experienced specialist leads your project personally, backed by the group's 14 years in corporate law across 50+ countries, so we get right the first time what takes some firms three attempts. Non-standard models are our field: where others say it cannot be done, we look for a lawful route.
• Your project stays yours. Information about founders, beneficial owners, wallets and deals reaches neither competitors nor third parties. We disclose only what the law or the procedure requires, and the contract says so.