Purpose and Scope
This KYC & AML Policy establishes the identification, verification, ongoing monitoring, and reporting obligations of 879jili, in compliance with applicable anti-money laundering and counter-terrorism financing laws. The Policy applies to all customers and all account activities, including deposits and withdrawals, performed through the 879jili platform.
Legal and Compliance Framework
The Operator maintains a risk‑based AML program designed to detect and deter money laundering, financing of terrorism, and related illicit activity. The program comprises customer due diligence (CDD), enhanced due diligence (EDD) where appropriate, ongoing monitoring, suspicious activity reporting, and recordkeeping as required by law.
Key Definitions
- KYC: Know Your Customer procedures to verify identity and assess risk.
- CDD: Customer due diligence conducted at onboarding and during ongoing activity.
- EDD: Enhanced due diligence for higher‑risk customers or transactions.
- PEP: Politically exposed persons and closely associated individuals requiring heightened scrutiny.
- AML/CFT: Anti‑Money Laundering and Countering Financing of Terrorism obligations.
Who Must Comply
All individuals and entities obtaining an account with 879jili are subject to KYC requirements. If verification is not completed, access to or continuation of services, including deposits and withdrawals, may be restricted until identity and risk checks are resolved.
Identity Verification
Identity verification is conducted at onboarding and prior to processing withdrawals. The user must provide at least one valid government‑issued photo identification document that confirms the user’s name, date of birth, and photograph. Documents must be current, legible, and clearly display the full name. Acceptable documents include a passport, national identity card, or driver’s license. If no government‑issued photo ID is available, the Operator may accept an alternative official document with equivalent identifying information as determined by the Operator.
Proof of Address
Proof of residential address must be provided to complete verification. Acceptable documents include a utility bill, bank statement, or government correspondence showing the user’s full name and residential address, issued within the last three months. The document must be legible and correlate to the account information.
Proof of Payment / Source of Funds
For deposits and ongoing accounts, the Operator may require documentation to confirm ownership of funds and the source of funds. Requirements vary by deposit method and may be updated to reflect changes in payment services. The current documentation requirements are:
- Card payments: copies of both sides of the card used, showing the cardholder name, the first six and last four digits, and the cardholder’s signature. The CVV and the middle digits must be masked.
- e‑wallets: a screenshot of the e‑wallet account showing the registered email, account name, and transaction history or balance.
- Bank transfers: a bank statement for the funded account showing bank name, account number/IBAN, BIC, and the date of issue within the last three months. The statement should display the account holder’s name and address where available and include deposit evidence.
- Cryptocurrencies: screenshots showing the wallet address and a recent transaction, or a transaction receipt confirming linkage to the account.
- Prepaid vouchers: not accepted for verification purposes.
Verification Timeline
Submitted documents will be reviewed within three (3) business days of receipt, provided all materials are complete and legible. If documentation is incomplete or unclear, the Operator will request additional information. Processing times may extend in cases of complexity or high demand.
Ongoing Monitoring and Re‑Verification
All accounts are subject to ongoing monitoring for unusual or high‑risk activity. The Operator may perform periodic reviews and initiate re‑verification if risk indicators evolve, including material changes in transaction size, frequency, ownership, or jurisdiction. Re‑verification may be triggered by automated risk scoring systems or manual review.
Enhanced Due Diligence and PEP
High‑risk customers, including politically exposed persons and individuals connected to high‑risk jurisdictions, will be subject to Enhanced Due Diligence. This may include additional identity checks, source of funds verification, detailed activity monitoring, and more frequent reviews. The Operator may request information about the source of wealth, employment details, and expected account activity.
Data Protection, Retention, and Rights
Personal data collected for KYC/AML purposes is processed in accordance with applicable data protection laws. The data controller for 879jili is the Operator. Personal information may be retained for up to eight (8) years following account activity or termination, unless a longer period is required by law. Individuals have rights of access, correction, objection, and, where applicable, withdrawal of consent. Data will be stored securely and protected through appropriate technical and organizational measures.
Data Sharing and Third‑Party Processors
Personal data may be shared with competent authorities, regulators, and service providers under data processing agreements and safeguards. Transfers to third countries will comply with applicable data transfer rules and safeguard mechanisms.
Suspicious Activity Reporting
Knowledge or suspicion of money laundering, financing of terrorism, or other illicit activity must be reported to the competent authorities in accordance with applicable law. The Operator maintains internal procedures for escalation and retention of records as required by law.
Account Restrictions and Withdrawal Controls
Verification must be completed before full use of account features and withdrawals. During verification, deposits and withdrawals may be limited or blocked. After successful verification, standard processing times apply. The Operator may impose withdrawal limits based on risk assessment and regulatory requirements.
Policy Updates
The Operator may amend this KYC & AML Policy at any time. Material changes will be communicated through the platform’s notification system and, where required, by official channels.
Governing Law and Jurisdiction
This policy is governed by the laws applicable to the Operator’s licensing and operations. In the event of a conflict, AML/CFT and data protection laws shall prevail.