AML Policy

Koze Global (Pty) Ltd is committed to the highest standards of Anti-Money Laundering (AML) compliance and Counter-Terrorism Financing (CTF). To help the government fight the funding of terrorism and money laundering activities, the law requires all financial institutions to obtain, verify, and record information that identifies each person opening an account.

Money laundering is the process of converting funds received from illegal activities (such as fraud, corruption, terrorism, etc.) into other funds or investments that appear legitimate to hide or distort the real source of the funds.

The process of money laundering can be divided into three sequential stages:

• Placement: At this stage, funds are converted into financial instruments such as checks, bank accounts, and money transfers or can be used for purchasing high-value goods that can be resold. They can also be physically deposited into banks and non-bank institutions (e.g., currency exchangers). To avoid suspicion, the launderer may make several deposits instead of depositing the whole sum at once. This form of placement is called "smurfing."
• Layering: Funds are transferred or moved to other accounts and financial instruments. This disguises the origin and disrupts the indication of the entity behind the multiple financial transactions. Moving funds around and changing their form makes tracing the money being laundered difficult.
• Integration: Funds re-enter circulation as legitimate for purchasing goods and services.

Koze Global adheres to the principles of Anti-Money Laundering and actively prevents any actions that aim or facilitate the process of legalizing illegally gained funds. The AML policy ensures that the company’s services are not used for money laundering, terrorist financing, or other criminal activities.

Koze Global neither accepts nor pays cash under any circumstances to prevent money laundering. The company reserves the right to suspend any client’s operations deemed illegal or possibly related to money laundering.

COMPANY PROCEDURES

Koze Global ensures that it deals with real individuals or legal entities. It performs all required measures in accordance with applicable law and regulations issued by monetary authorities. The AML policy is fulfilled within Koze Global through the following:

• Know Your Customer (KYC) policy and due diligence
• Monitoring of client activity
• Record keeping

KNOW YOUR CUSTOMER AND DUE DILIGENCE

Due to Koze Global’s commitment to AML and KYC policies, each client must complete a verification procedure. Before starting any cooperation, Koze Global ensures satisfactory evidence of the identity of any customer or counterparty. The company applies heightened scrutiny to clients from countries identified as having inadequate AML standards or as high-risk for crime and corruption.

INDIVIDUAL CLIENTS

During registration, each client provides personal information, including full name, date of birth, country of origin, and complete residential address. The following documents are required to verify personal information:

• Current valid passport (first page showing photo and signature) or
• Driver’s license with a photograph or
• National identity card (front and back) and
• Documents proving the current permanent address (e.g., utility bills, bank statements, etc.) issued within the past 3 months.

CORPORATE CLIENTS

For unlisted companies, where no principal director or shareholder has an account with Koze Global, the following documentation is required:

• Certificate of Incorporation
• Memorandum and Articles of Association
• Certificate of good standing or proof of the registered address
• Board resolution to open an account and authorize operators
• Proof of identity for directors, beneficial owners, and signatories (as per individual identity verification).

MONITORING OF CLIENT ACTIVITY

Koze Global continues to monitor client activities to detect and prevent suspicious transactions. Suspicious transactions are those inconsistent with the client’s known business or transaction history. The company employs automated and manual systems to monitor transactions and prevent the use of its services for criminal activities.

RECORD KEEPING

All transaction data and identification information are retained for a minimum of 7 years after the account is closed, in line with AML requirements.

DEPOSIT AND WITHDRAWAL REQUIREMENTS

All deposits and withdrawals on trading accounts with Koze Global follow strict requirements:

• Koze Global cannot receive or deposit funds to/from third parties.
• Funds must originate from a bank account, Credit/Debit card, or approved payment methods (e.g., Skrill, China UnionPay, Neteller) matching the trading account name.
• Withdrawals follow the First-in-First-Out (FIFO) method, ensuring that the original deposit source is credited first. Excess profits are transferred to a nominated bank account in the same name as the trading account.

EXAMPLES:

1. If you deposit $100 via a Credit Card and earn $1,000, a withdrawal of $1,000 would result in $100 credited to your Credit Card and $900 to your bank account.
2. If you deposit $100 via Skrill and $50 via Credit Card, a Skrill withdrawal request of $120 would result in $100 to Skrill and $20 to the card.

All initial withdrawals must be verified for safety by providing a bank statement. Koze Global will not accept deposits or withdrawals made under a different name from the registered account holder.

MEASURES TAKEN

If Koze Global suspects transactions are related to money laundering or criminal activity, it will follow applicable laws and report any suspicious activity to regulatory authorities. The company reserves the right to suspend suspicious accounts or terminate existing relationships.

For more information about Koze Global’s policies or to reach out for inquiries, contact us at info@kozeglobal.com.