With due regard for the safety of our users and in compliance with legal requirements from the European Union, the United States of America, and other countries, Eastern Star Solutions has implemented and adheres to a Know Your Customer (KYC) policy, as well as Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) measures. These policies align with the standards required for banks and other financial institutions.
Specific provisions of our policies are confidential and intended for internal use only to prevent fraudulent or dishonest users from circumventing the rules. However, we would like to introduce some general guidelines that directly impact our clients and the services we provide.
KYC Procedure for Legal Entities (Companies)
For legal entities, the verification procedure is more rigorous and depends on factors such as the company’s structure and country of registration. Primarily, we need to determine:
- The ownership of the company.
- The individuals authorized to represent it.
- The company’s location and principal business activities.
All clients must complete our KYC FORM FOR ENTITIES, providing the necessary details. Once submitted, supporting documents must be provided to verify the information.
Eastern Star Solutions is required to verify all customers before they can use our services, whether they are regular or first-time users.
Information Collected and Purpose of Collection
| Information Collected | Purpose of Data Collection |
| Company details (type, name, registration number, date of incorporation, TIN) | To verify client identity and legality |
| Beneficial owner (name, surname, residential address, citizenship, TIN) | To establish ownership and control structure |
| Company address details (legal and actual address) | To verify location and ensure compliance with FATF regulations |
| Payment details (Bank name, Bank address, IBAN, SWIFT, payment system, wallet number) | To analyze financial standing |
| Contact information (telephone number, email) | To facilitate communication |
| Additional details (company website, business activity) | To assess business operations and potential risks (e.g., money laundering or terrorist financing) |
As documentation standards for legal entities vary across countries, verification is conducted manually for each client, making the process more time-consuming.
Restricted Business Relationships
In accordance with our policies, Eastern Star Solutions does not engage in business with companies that:
- Have known or suspected links to terrorist organizations, military activities, or arms and ammunition manufacturing/sales.
- Are suspected of or known to be involved in money laundering or terrorist financing.
- Have been implicated in criminal activities.
- Are subject to international sanctions.
- Engage in activities within, from, or into countries subject to embargoes or trade restrictions.
- Produce or distribute racist, pornographic, extremist, or pressure-group materials.
- Are regulated entities that do not possess appropriate licensing.
- Are political organizations.
Policy Updates
This KYC & AML Policy is the result of our experience and ongoing compliance efforts.
It may be updated periodically to reflect changes in legal requirements and newly acquired knowledge.