KYC / AML Protocol
REF: PATRIOT-ACT-CIP // MANDATORY
1. Customer Identification Program (CIP)
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
2. Enhanced Due Diligence (EDD)
All clients executing >$100,000 monthly volume are subject to Enhanced Due Diligence. This requires verification of Source of Funds (SOF) and Ultimate Beneficial Owner (UBO) status. The Syndicate reserves the right to request audited financial statements or bank reference letters.
3. Sanctions Screening
The Firm screens all accounts against the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list. We strictly prohibit accounts from jurisdictions identified as high-risk by the Financial Action Task Force (FATF).
4. Qualified Purchaser Status
Verification of "Qualified Purchaser" status (>$5M investable assets) is required prior to the enabling of any margin or leverage capabilities.