AML/KYC Policy
Aheads AML/CFT POLICY
This Aheads AML/KYC policy is a document created to guard against the potential risk of Aheads being used as a channel for illegal activities, including money laundering and terrorist financing. Aheads is obligated by both international and local laws to establish effective risk management measures to prevent fraud, money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption, and bribery, as well as to promptly respond to any suspicious activity from its users.
Verification Procedure
Customer Due Diligence (CDD) is conducted on every customer at Aheads to prevent unlawful actions, while Enhanced Due Diligence (EDD) is applied to customers who present a higher risk, such as Politically Exposed Persons (PEPs), as required by regulations. Verification is managed by our third-party partner (elKYC OÜ ( allpass.ai ) and amlbot). For this process, customers must submit valid government-issued identification, such as a national ID, an international passport, or a driver’s license, along with a proof of address document. As part of the verification process, customers must also complete a liveness check; in cases where Aheads has doubts about the customer’s information, additional video verification may be required. elKYC OÜ will take steps to verify that the documents and information provided by customers are authentic.
Enhanced Due Diligence is conducted for customers whom Aheads identifies as posing a higher level of risk. We request proof of the source of funds from these customers to verify the origin of the funds they intend to use.
Aheads retains the right to periodically verify a user’s identity, especially if their identifying information has changed or if the customer’s activity appears unusual or suspicious. Aheads reserves the right to request updated documents from users even if they have previously completed verification. Aheads performs ongoing due diligence, with elKYC OÜ continually reviewing customer information.
Aheads reserves the right to deny service to customers who fail to provide the necessary identification documents or whose documents cannot be verified. Customer information is updated regularly based on the risk the customer poses to our business. Low-risk customers are required to update their details every five years, while high-risk customers must update their information annually.
Ongoing Transaction Monitoring
Customer transaction patterns are also monitored to detect unusual or suspicious activity. Aheads will therefore monitor all transactions and reserves the right to request additional information from customers when transactions appear suspicious, reporting all such activities to the relevant authorities through its compliance officer. Aheads will submit regular Suspicious Transaction Reports to the appropriate authorities when necessary.
The compliance officer will perform daily monitoring of all transactions to determine which are legitimate and which are suspicious. Suspicious or unusual transactions will be reported to the relevant authorities.
Risk Assessment
Aheads assesses and analyzes the risk level posed by each customer, in line with international standards. We employ a risk-based approach that categorizes each customer according to the potential level of risk they may pose. This helps to prevent and mitigate fraud, money laundering, and terrorist financing. Aheads has various methods in place to identify and mitigate risk.
Sanctions Screening
Aheads is prohibited from transacting with individuals, companies, and countries listed on prescribed sanctions lists. Therefore, Aheads screens customers against United Nations, European Union, and U.S. Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions where Aheads operates. We conduct daily sanctions screening on all customers to ensure compliance with the latest sanctions lists.