Contents
Last Updated: August 27, 2025
AML & KYC Policy
Anti-Money Laundering and Know Your Customer procedures to ensure regulatory compliance and platform security.
1 Introduction & Purpose
Ecos Growth is committed to preventing money laundering, terrorist financing, and other illicit financial activities. This AML & KYC Policy outlines our comprehensive framework for customer identification, verification, and ongoing monitoring to ensure compliance with global financial regulations.
Regulatory Compliance
Our policies are designed to comply with FATF recommendations, EU AMLD, US BSA, and other international AML/CFT standards.
The purpose of this policy is to establish robust procedures that detect and prevent money laundering activities while maintaining the highest standards of customer due diligence and regulatory compliance.
2 Scope & Application
This policy applies to all customers, employees, contractors, and business partners of Ecos Growth. It covers all services provided through our platform, including:
All customers must complete our KYC verification process before accessing full platform features. Enhanced due diligence is applied to high-risk customers and transactions.
3 KYC Procedures
Our Know Your Customer process involves three key stages of customer identification and verification:
Customer Identification Program (CIP)
Initial collection of customer information during registration:
- Full legal name and date of birth
- Residential address and contact information
- Government-issued identification number
- Source of funds declaration
- Occupation and employment information
Customer Due Diligence (CDD)
Verification and risk assessment of customer information:
- Document verification (ID, proof of address)
- Sanctions and PEP (Politically Exposed Person) screening
- Risk categorization based on customer profile
- Ongoing transaction monitoring
- Periodic profile updates and re-verification
Enhanced Due Diligence (EDD)
Additional verification for high-risk customers:
- Additional documentation requirements
- Source of wealth verification
- Enhanced transaction monitoring
- Senior management approval for account opening
- More frequent account reviews
4 Customer Verification Requirements
To complete our KYC process, customers must provide the following documentation:
| Document Type | Requirements | Purpose | Status |
|---|---|---|---|
| Government ID | Passport, Driver's License, or National ID | Identity Verification | Mandatory |
| Proof of Address | Utility bill, bank statement (last 3 months) | Residence Verification | Mandatory |
| Source of Funds | Bank statements, employment verification | Funds Legitimacy | Conditional |
| Selfie Verification | Photo with ID document | Liveness Check | Mandatory |
| Corporate Documents | For business accounts only | Business Verification | Business Only |
Verification Timeline
Standard verification is typically completed within 24-48 hours. Enhanced due diligence may take 3-5 business days.
5 Anti-Money Laundering Program
Our comprehensive AML program includes the following key components:
Transaction Monitoring
Real-time monitoring of all trading activities and fund movements using advanced AI algorithms to detect suspicious patterns.
Suspicious Activity Reporting
Procedures for identifying, investigating, and reporting suspicious activities to relevant financial intelligence units.
Sanctions Screening
Automated screening against global sanctions lists, PEP databases, and adverse media.
Record Keeping
Maintenance of comprehensive records for minimum 5 years as required by regulatory standards.
6 Risk Assessment Framework
We categorize customers into three risk levels based on comprehensive risk assessment:
High Risk Customers
- Politically Exposed Persons (PEPs)
- Customers from high-risk jurisdictions
- Cash-intensive businesses
- Unusual or complex transaction patterns
- Sanctions list matches
Enhanced Due Diligence Required
Medium Risk Customers
- Cross-border transactions
- Medium-sized business entities
- Customers from medium-risk countries
- Professional traders with moderate volumes
Standard Due Diligence with Periodic Reviews
Low Risk Customers
- Salaried individuals from low-risk jurisdictions
- Small transaction volumes
- Long-term customers with stable activity
- Simplified business structures
Simplified Due Diligence Applied
7 Transaction Monitoring
We employ advanced monitoring systems to detect potentially suspicious activities, including:
Monitoring Triggers
- Large or unusual transaction patterns
- Rapid fund movement between accounts
- Transactions with high-risk jurisdictions
- Structuring to avoid reporting thresholds
- Multiple accounts with common beneficiaries
- Unusual trading patterns or volumes
All monitored transactions are reviewed by our compliance team, and suspicious activities are reported to the appropriate financial intelligence units within regulatory timeframes.
8 Suspicious Activity Reporting
When suspicious activity is detected, we follow a structured reporting process:
Initial Detection
Automated systems flag unusual patterns for review by compliance officers.
Internal Investigation
Compliance team conducts thorough investigation and gathers evidence.
SAR Filing
Suspicious Activity Reports filed with relevant authorities within required timeframes.
Account Action
Appropriate actions taken, which may include account freezing or termination.
9 Compliance Officer
Ecos Growth has designated a qualified Compliance Officer responsible for:
- Overseeing the implementation of AML/CFT policies
- Ensuring regulatory compliance across all operations
- Managing suspicious activity reporting
- Conducting regular risk assessments
- Providing AML training to employees
- Liaising with regulatory authorities
The Compliance Officer has full authority and independence to enforce AML policies and procedures across the organization.
10 Employee Training
All employees receive comprehensive AML/CFT training, including:
Initial Training
- • AML regulations and requirements
- • Customer due diligence procedures
- • Suspicious activity recognition
- • Reporting obligations
Ongoing Education
- • Annual refresher courses
- • Updates on regulatory changes
- • Case studies and best practices
- • Emerging money laundering trends
11 Record Keeping
We maintain comprehensive records in accordance with regulatory requirements:
- Customer identification records: 5 years after account closure
- Transaction records: 5 years from transaction date
- Suspicious activity reports: 5 years from filing date
- Employee training records: 5 years from training date
- Risk assessments: 5 years from assessment date
All records are stored securely and are accessible to authorized personnel and regulatory authorities as required by law.
12 Sanctions Screening
We screen all customers against global sanctions lists and databases:
Screening Databases
- • OFAC Specially Designated Nationals (SDN)
- • EU Consolidated Sanctions List
- • UN Security Council Sanctions
- • HM Treasury Financial Sanctions
- • Politically Exposed Persons (PEP) databases
- • Interpol Most Wanted Lists
- • Local sanctions and watchlists
- • Adverse media screening
Screening is conducted during onboarding and on an ongoing basis. Matches are immediately escalated for investigation and appropriate action.
13 Contact Information
For questions regarding our AML/KYC procedures or to report concerns:
Compliance Officer: Mr. David Chen
Email: support@ecos-growth.com
Address:423 Linen Hall, 162 - 168 Regent Street, London, England, W1B 5TE
For urgent compliance matters, please include "URGENT AML" in your subject line.
Regulatory Compliance
This policy is reviewed annually and updated as needed to maintain compliance with evolving AML/CFT regulations and industry best practices.
By using Ecos Growth services, you acknowledge and agree to comply with our AML/KYC procedures and understand that we are required by law to verify your identity and monitor your transactions for anti-money laundering purposes.