KTrade Academy maintains risk-based controls intended to deter money laundering, terrorist financing, fraud, sanctions evasion and other unlawful use of the Platform.
1. Customer identification
Users may be required to provide their legal name, date of birth, address, contact details, government-issued identification, a live photograph or other evidence reasonably required to verify identity.
2. Verification
Documents and information may be checked against reliable independent sources or specialist verification providers. Additional information may be requested where an account, payment or transaction presents elevated risk.
3. Source of funds
Users may be asked to explain or document the source of funds or wealth, the purpose of transactions and their relationship to a payment method or wallet. Deposits and withdrawals may be restricted until checks are completed.
4. Ongoing monitoring
Accounts and transactions may be monitored for unusual size, frequency, patterns, counterparties, devices, locations and other risk indicators. Verification may be repeated when information expires or risk changes.
5. Sanctions and restricted persons
The Platform must not be used by sanctioned persons, prohibited entities or users in locations where access is restricted. Screening may be conducted against applicable sanctions, watchlists and politically exposed person data.
6. Prohibited activity
- Use of false, stolen or altered identity documents.
- Third-party payments or accounts without authorization.
- Structuring transactions to evade limits or checks.
- Using multiple accounts to conceal activity or abuse promotions.
- Transactions connected to fraud, ransomware, theft, illegal markets or sanctions evasion.
7. Restrictions and reporting
Where legally permitted, we may delay or reject a transaction, restrict an account, request further information, preserve records or report suspicious activity to the appropriate authority. We may be prohibited from informing a user about certain reports or investigations.
8. Record retention
Identity, verification, transaction and investigation records may be retained for the period required by applicable law and legitimate compliance needs, including after an account is closed.
9. User cooperation
Users must provide accurate, complete and current information and respond promptly to lawful verification requests. Failure to cooperate may result in restrictions or account closure.