This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy sets forth the minimum controls and procedures implemented by Bdbajee to detect and prevent money laundering, terrorist financing, and other illicit financial activities. It applies to all customers, account holders, and transactions conducted through the Bdbajee platform, and operates in concert with applicable laws and regulatory supervision.
Bdbajee operates under the oversight of the competent supervisory authority applicable to its jurisdiction. The Company maintains policies, controls, and systems designed to comply with AML/CFT laws, including ongoing reviews, testing, and updates in response to regulatory changes and risk assessments.
To initiate and maintain access to the platform, customers must undergo identity verification in accordance with this policy. A full KYC process is triggered when either of the following conditions is met: (a) aggregate lifetime deposits by a customer exceed EUR 2,000 (in the currency of account) or (b) the customer submits a withdrawal request of any amount.
Upon submission of required documents, the customer is assigned a verification status. A Temporarily Approved status may be granted while the verification team reviews the materials. The verification team will complete a substantive review within 24 hours and will communicate the outcome as follows:
During a Temporarily Approved period, customers may have restricted activity, including a deposit limit of EUR 500 (or currency equivalent) in aggregate and prohibition on withdrawals until full verification is achieved.
Bdbajee conducts ongoing monitoring of customer transactions to identify unusual or suspicious patterns. Monitoring includes, but is not limited to, transaction size, velocity, counterparties, geographic risk, and deviations from customer profile baselines. A threshold testing rule flags all transactions exceeding 10,000 USD within any 24-hour window, or its currency equivalent, for enhanced review.
The Company maintains a risk-based approach to screening for high-risk activities or customers, including screening against restricted jurisdictions and known fraudulent schemes. Any suspicious activity identified during monitoring is subject to investigation and, where required by law, reported to the competent authorities.
For customers determined to present elevated risk, Bdbajee applies Enhanced Due Diligence. EDD may include additional verification steps, source-of-funds validation, enhanced identity checks, and, where appropriate, third‑party verifications or on-site confirmations. EDD findings are documented, and ongoing monitoring continues under heightened controls until risk is mitigated to acceptable levels.
Accounts that have not completed full verification or are under temporary approval are subject to restrictions designed to mitigate risk. These restrictions may include, but are not limited to, limits on deposits, withdrawal capabilities, and access to certain features. Verification completion removes these restrictions in accordance with the approved status.
Bdbajee maintains customer identification and transaction records for the period required by applicable law. Personal data collected in connection with AML/KYC processes is processed in accordance with the Company’s privacy framework and data protection obligations. Access to AML/KYC data is restricted to authorized personnel and retained securely for the duration mandated by law and the Company’s internal retention schedules.
All third-party service providers engaged by Bdbajee must comply with AML/KYC requirements and assist in the collection and reporting of information as required by law. Third parties may be engaged to perform identity verification, transaction screening, or related due diligence, subject to written contractual obligations ensuring data protection and regulatory compliance.
Bdbajee maintains a designated Compliance Officer responsible for implementing and overseeing AML/KYC policies and procedures. The Compliance Officer ensures proper escalation pathways for suspicious activity, maintains records of investigations, and coordinates with internal and external stakeholders. Bdbajee supports required reporting of suspicious activities, large or unusual transactions, and other regulatory disclosures in accordance with applicable law.
The AML/KYC Policy is reviewed at least annually or more frequently if regulatory requirements or risk profiles dictate. Material changes are communicated to customers in a timely and accessible manner, and updated policies are made available within the customer portal.
Key terms used in this Policy include: KYC (Know Your Customer), CDD (Customer Due Diligence), and EDD (Enhanced Due Diligence). Questions about AML/KYC obligations or requests for guidance should be directed to the Compliance Officer via the Support Center or the designated in‑site contact channel for regulatory inquiries.
