AML & Risk Policy

1. Policy Statement

Knectd LLC is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. This policy outlines our approach to preventing financial crime across all jurisdictions in which we operate.

2. Regulatory Framework

Our AML program is designed to comply with UK Money Laundering Regulations 2017, EU Anti-Money Laundering Directives (AMLD5/6), US Bank Secrecy Act and FinCEN regulations, FATF Recommendations, and local regulatory requirements in each operational jurisdiction.

3. Customer Due Diligence (CDD)

We conduct thorough Know Your Customer (KYC) and Know Your Business (KYB) checks on all users before onboarding. This includes identity verification, proof of address, source of funds verification, beneficial ownership identification, and PEP and sanctions screening.

4. Transaction Monitoring

All transactions processed through the Knectd platform are subject to real-time monitoring using our proprietary AI engine. We monitor for unusual transaction patterns, high-risk jurisdiction transfers, structuring or smurfing activity, rapid movement of funds, and inconsistencies with customer profiles.

5. Suspicious Activity Reporting

Where suspicious activity is identified, Knectd will file Suspicious Activity Reports (SARs) with the relevant Financial Intelligence Unit (FIU). Staff are trained to identify and escalate potential red flags through our internal reporting procedures.

6. Risk Assessment

Knectd conducts enterprise-wide risk assessments annually, covering customer risk, product risk, geographic risk, and delivery channel risk. Enhanced due diligence is applied to high-risk customers and transactions.

7. Staff Training

All staff receive AML/CTF training upon joining and annually thereafter. Training covers regulatory obligations, red flag identification, reporting procedures, and role-specific compliance requirements.

8. Record Keeping

We maintain all CDD records, transaction data, and compliance documentation for a minimum of 5 years from the end of the business relationship, or longer where required by local regulation.

9. Contact

For AML-related enquiries, contact our compliance team at compliance@knectd.com