KYC & AML

Eastern Star Solutions has implemented Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CTF) measures in compliance with requirements from the European Union, the United States, and other countries, aligning with the standards applied by banks and financial institutions.

KYC Procedure for Legal Entities

The verification process for companies is rigorous and examines ownership, authorized representatives, location, and principal business activities. Clients must complete a KYC form for their entity, along with supporting documentation to verify the information provided.

Information Collected and Purpose

The company collects:

• Company details (type, name, registration number, incorporation date, tax ID)
• Beneficial owner information (name, address, citizenship, tax ID)
• Company addresses (legal and actual)
• Payment details (bank name, IBAN, SWIFT, wallet number)
• Contact information
• Business activity details

This data is used to verify identity, establish ownership structures, ensure regulatory compliance, analyze financial standing, facilitate communication, and assess operational risks.

Restricted Business Relationships

Eastern Star Solutions declines business with entities that have links to terrorist organizations, military activities, or the manufacturing and sale of arms and ammunition, as well as any involvement in money laundering, criminal activities, breaches of international sanctions or embargoes, distribution of prohibited content, unlicensed regulated operations, or political organizations.