KYC/AML Compliance Disclosure

Effective Date: 16^th June 2025

Amplipay.ai (“we”, “our”, or “us”) is fully committed to maintaining the highest standards of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, in accordance with applicable laws and global regulatory standards.

This KYC/AML Compliance Disclosure outlines our approach to preventing financial crime and ensuring the integrity and security of our platform and services.

1. Regulatory Commitment

Amplipay.ai adheres to all applicable anti-money laundering and counter-terrorism financing (CTF) regulations, including but not limited to:

• The Financial Action Task Force (FATF) Recommendations
• Relevant national and regional financial regulatory authorities (e.g., RBI, FinCEN, FCA, etc.)
• Industry standards related to KYC and AML compliance for financial technology and payment service providers

2. Purpose of KYC/AML Compliance

Our KYC/AML procedures are designed to:

• Prevent the use of Amplipay.ai for money laundering, terrorist financing, or other illicit activities
• Verify the identity of our clients (individuals and businesses)
• Understand the nature and purpose of the customer relationship
• Monitor transactions for suspicious activity
• Comply with all reporting obligations under applicable law

3. Customer Identification Requirements

As part of our KYC process, we collect and verify the following information:

For Individuals:

• Full legal name
• Government-issued photo ID (e.g., passport, national ID, driver’s license)
• Residential address proof
• Date of birth
• Contact details (email and phone number)

For Businesses:

• Registered business name and legal entity type
• Certificate of incorporation or business registration documents
• Tax Identification Number (TIN) or equivalent
• Details of directors/beneficial owners
• Authorized representative ID and proof of address
• Business license (if applicable)

We use secure and compliant third-party verification tools to streamline and validate the onboarding process.

4. Ongoing Monitoring

Amplipay.ai conducts continuous monitoring of customer activity and transactions to identify patterns of unusual or suspicious behavior. This includes:

• Transaction volume and frequency analysis
• Geographic risk assessment
• Screening against global watchlists (e.g., OFAC, UN sanctions lists, PEP databases)
• Trigger-based re-verification for high-risk accounts or red flags

5. Reporting Obligations

We are legally required to report certain types of transactions and suspicious activities to appropriate regulatory authorities. These include but are not limited to:

• Suspicious Transaction Reports (STRs)
• Currency Transaction Reports (CTRs)
• Other regulatory disclosures as required by jurisdiction

Customers will not be notified of any such reporting, in accordance with legal obligations and confidentiality rules.

6. Data Protection

All customer data collected during KYC and AML procedures is handled in accordance with our Privacy Policy and applicable data protection laws, including the GDPR and other local regulations. We apply strong encryption and access control measures to protect your information.

7. Risk-Based Approach

Amplipay.ai applies a risk-based approach to KYC/AML compliance. This means that the level of due diligence may vary depending on:

• The nature of the customer’s business
• Geographic location
• Transaction patterns
• Source of funds

High-risk users and transactions are subject to enhanced due diligence (EDD) procedures.

8. Customer Cooperation

By using Amplipay.ai, you agree to comply with our KYC/AML procedures, including providing accurate and complete information upon request. Failure to comply may result in delayed processing, suspension, or termination of services.

9. Updates and Revisions

We may update this KYC/AML Compliance Disclosure from time to time to reflect changes in legal or regulatory requirements. Updates will be published on this page with an updated effective date.

10. Contact Us

If you have any questions regarding our KYC/AML policies or your obligations as a user, please contact our compliance team:

Email: compliance@amplipay.ai
Website: https://www.amplipay.ai