Last updated Date: 05/02/2024

Welcome to Trustee Holding. This Know Your Customer (KYC) Policy outlines our commitment to preventing money laundering, terrorist financing, and other illegal activities by verifying the identity of our clients and understanding the nature of their financial activities. This policy is a key component of our overall compliance program.

1. Objectives of the KYC Policy

• To establish the identity of our clients and verify the authenticity of their documents.
• To understand the nature and purpose of the business relationship with our clients.
• To assess the risk profile of our clients based on the information collected.
• To monitor financial transactions and identify any suspicious activities.

2. Client Identification and Verification

• All new clients are required to provide valid identification documents, such as a passport, national ID card, or driving license.
• Additional documentation may be required to verify the client’s address, such as utility bills or bank statements.
• Corporate clients must provide legal documents, including company registration certificates, articles of association, and information about the beneficial owners and controlling persons.

3. Risk Assessment

• Clients are categorized based on their risk profile, considering factors such as their country of residence, business activities, and transaction patterns.
• Enhanced due diligence procedures are applied to high-risk clients, including additional verification measures and ongoing monitoring.

4. Monitoring and Reporting

• Financial transactions are monitored for any unusual or suspicious activities that may indicate money laundering, terrorist financing, or other illegal activities.
• If suspicious activities are detected, they are reported to the relevant authorities in accordance with legal and regulatory requirements.

5. Record-Keeping

• Records of client identification, verification documents, and transaction history are maintained for a minimum period as required by law and regulatory authorities.
• Records are kept securely and are accessible only to authorized personnel.

6. Training and Awareness

• Employees are provided with regular training on KYC procedures, anti-money laundering (AML) regulations, and the detection of suspicious activities.
• Ongoing training ensures that staff are aware of the latest regulatory developments and compliance requirements.

7. Compliance and Review

• This KYC Policy is reviewed regularly to ensure compliance with legal and regulatory requirements.
• Internal audits are conducted to assess the effectiveness of the KYC procedures and identify areas for improvement.

Contact Us

If you have any questions or require further information about our KYC Policy, please contact us at:

• Email: info@trusteeholding.com
• Phone: +971 55 583 3433
• Address: 501, 5th Floor, Block B, Business Village, Port Saeed, Deira, Dubai, UAE

This KYC Policy is part of our commitment to maintaining the highest standards of compliance and integrity in our operations. By adhering to these procedures, we aim to foster trust and confidence among our clients and regulatory authorities.