AML & CFT Statement
Anti-Money Laundering (AML) & Counter-Financing of Terrorism (CFT) Statement
At Cypherwave Technology, we are fully committed to upholding the highest standards of compliance with all applicable Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations.
We recognize the critical role we play in safeguarding the financial system from misuse for illegal purposes. To support this, we have implemented a comprehensive compliance framework that includes:
Customer Due Diligence (CDD) during onboarding
Ongoing transaction monitoring
Employee training programs
Timely reporting of suspicious or unusual activity to relevant authorities
Although the specific policies and procedures we follow are confidential and proprietary, we affirm that they are designed in accordance with international standards and the recommendations of the Financial Action Task Force (FATF), as well as relevant local and global regulatory frameworks.
Why We Perform Customer Due Diligence (CDD)
As part of our compliance obligations and onboarding procedures, Cypherwave Technology collects and verifies identity documentation to confirm the legitimacy of our customers. This process is essential to:
Prevent fraud and financial crimes
Promote safe and secure use of our platform
Comply with regulatory obligations across jurisdictions
CDD measures may include identity verification, beneficial ownership disclosures, customer risk assessments, and ongoing monitoring of accounts and transactions to detect suspicious patterns or behavior.
If you have any questions or concerns regarding our AML/CFT commitments, you can reach our compliance team at [email protected].
