KYC Policy of Aquila Ltd.

The Company adheres to and complies with “Know your customer” principles, which aim to prevent financial crime and money laundering through client identification and due diligence.

The Company reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a user in 988bosv2.co. We reserve the right to restrict the service, payment, or withdrawal until identity is sufficiently determined, or for any other reason in our sole discretion based on the legal framework.

We take a risk-based approach and perform strict due diligence checks and ongoing monitoring of all clients, customers, and transactions. As per the money laundering regulations, we utilize three stages of due diligence checks, depending on the risk, transaction, and customer type:

  • SDD — Simplified Due Diligence: used for extremely low-risk transactions.
  • CDD — Customer Due Diligence: standard due diligence for most cases.
  • EDD — Enhanced Due Diligence: used for high-risk customers or large transactions.

When a user:

  • Makes an aggregate lifetime total of deposits exceeding EUR 5,000,
  • Requests a withdrawal of any amount inside the 988bosv2.co, or
  • Attempts or completes a suspicious transaction,

It is compulsory for them to complete the full KYC process, which includes:

  • Basic personal information
  • Upload of Government Issued Photo ID (front and back if required)
  • A selfie holding the ID
  • A bank statement or utility bill

Guideline for the “KYC Process”

Proof of ID

  • Signature is visible
  • Country is not restricted (see list below)
  • Full Name matches client’s name
  • Document does not expire in the next 3 months
  • Owner is over 18 years of age

Proof of Residence

  • Bank Statement or Utility Bill
  • Country is not restricted (see list below)
  • Full Name matches client’s name and ID
  • Date of issue within the last 3 months

Selfie with ID

  • Holder is the same as in the ID document
  • Same ID as uploaded in section 1 (photo/number matches)

Restricted Countries

  • Austria
  • France and its territories
  • Germany
  • Netherlands and its territories
  • Spain
  • Union of Comoros
  • United Kingdom
  • USA and its territories
  • All FATF Blacklisted countries
  • Any other jurisdictions deemed prohibited by Anjouan Offshore Financial Authority

Notes on the “KYC Process”

  • If the process is unsuccessful, the reason is documented and a support ticket is generated.
  • The ticket number and reason are communicated to the user.
  • Once all proper documents are received, the account is approved.