Term and Condition
Know Your Customer (KYC) Terms and Conditions
- Introduction
- Purpose of KYC
- Information Required
- Full legal name
- Date of birth
- Residential and business addresses
- Contact details (phone number and email)
- Government-issued identification (passport, ID card, etc.)
- Financial details, including source of funds
- Verification Process
- Identity verification checks
- Background checks
- Review of financial transactions and activity patterns
- Confidentiality and Data Protection
- Client Responsibilities
- Providing accurate, complete, and truthful information during the KYC process
- Notifying us of any changes in personal or financial information
- Complying with all relevant KYC documentation requests and providing the necessary documents in a timely manner
- Compliance with Laws
- Updates to KYC Terms
- Acknowledgment and Consent
- Contact Information
These KYC Terms and Conditions (“Terms”) outline the obligations and responsibilities of BBS TRUST Group and its clients regarding the Know Your Customer (KYC) requirements, designed to ensure compliance with applicable laws, including anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
The KYC process is essential to verify the identity of our clients, assess potential risks, and maintain a secure and compliant financial ecosystem. By engaging with BBS TRUST Group, clients agree to provide accurate and updated information for KYC verification.
For compliance purposes, we may require clients to provide personal information, including but not limited to:
Additionally, we may request supporting documents, such as proof of address.
The KYC process involves the verification of the information provided by clients. Verification may include, but is not limited to:
Our team may reach out for clarification or additional documentation if necessary. Failure to comply with these requests may result in delays or suspension of services.
BBS TRUST Group is committed to safeguarding your personal information. All data collected as part of the KYC process will be handled in accordance with applicable data protection laws and our Privacy Policy. We will not disclose this information to any third party, except as required by law or regulatory authority.
Clients are responsible for:
Failure to meet these obligations may result in account suspension, termination of services, or other actions as deemed appropriate by BBS TRUST Group.
As a regulated entity, BBS TRUST Group complies with applicable AML/CTF laws and regulations. By agreeing to these Terms, clients acknowledge and agree that we may use their information to prevent financial crime, money laundering, and terrorism financing.
BBS TRUST Group reserves the right to update or modify these Terms as required by law or regulatory bodies. Clients will be notified of any changes, and continued use of our services will constitute acceptance of the updated Terms.
By engaging with BBS TRUST Group, clients acknowledge that they have read, understood, and agree to these KYC Terms and Conditions and consent to the collection, use, and verification of their personal information as outlined.
For any questions or assistance regarding the KYC process, clients may contact our support team at info@bbstrust.com.