AML/KYC Policy
This page explains our Anti Money Laundering and Know Your Customer standards in clear terms. We follow international guidance and local obligations to prevent misuse of our services. By using the platform, you agree to complete verification when requested so we can keep activity compliant and safe.
Purpose of AML and KYC at flaskbb.org
Our AML and KYC framework protects the platform from illicit finance and safeguards legitimate customers. It helps us understand who is using our services, how funds move, and whether any activity requires further review.
What We Verify
We confirm identity, address, and where appropriate the source of funds. The scope depends on your activity and risk profile.
- Government issued photo ID
- Proof of residential address dated within the stated timeframe
- Payment method ownership confirmation
- Source of funds or wealth when thresholds or triggers apply
How Verification Works
You will be prompted to upload documents through a secure section of your account. Instructions show acceptable formats and validity requirements.
- Submit clear, full color scans or photos
- Ensure names, dates, and numbers are readable
- Use the exact account name that appears on your documents
- Follow any on screen guidance for resubmission
Once submitted, our compliance team reviews the files and updates your status. If additional information is needed, we will specify exactly what is missing so you can respond quickly.
Customer Due Diligence Levels
Standard diligence applies at registration and before first withdrawal. Higher tiers are activated by activity thresholds, geography, payment patterns, or other risk indicators. Each tier adds reasonable checks that are proportionate to the circumstances.
Enhanced Due Diligence Triggers
Enhanced steps may be required when activity is complex, unusual, or high value. Screening results, mismatched data, third party payments, or rapid turnover can also trigger review.
- Additional identity corroboration
- Source of funds and wealth documentation
- Clarification of activity purpose
- Senior compliance approval before further transactions
Sanctions and PEP Screening
We screen customers against international sanctions and Politically Exposed Person lists. Matches are investigated with documented outcomes. Where law or policy requires it, access can be limited or declined.
Monitoring and Record Keeping
Transactions and account changes are monitored for patterns that indicate potential risk. Alerts are reviewed by trained analysts who apply documented procedures. Records are retained for the legally required period and then disposed of securely.
Data Handling and Security
Uploaded information is encrypted in transit and at rest. Access is limited to staff who need it for compliance tasks. We use layered controls that include authentication, logging, and separation of duties to reduce risk.
Your Responsibilities
Provide accurate information and keep your profile up to date. Use payment methods that are in your name. Respond to verification requests within the stated time so we can maintain uninterrupted service.
- Keep documents valid and legible
- Do not use third party accounts
- Inform us if details change
- Cooperate with reasonable compliance questions
Updates to This Page
We review AML and KYC procedures on a regular cycle. Material changes will appear here with clear wording so you can understand what has been updated and why.