KYC and AML
Procedures and
Policy

Neuer Capital’s Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and procedures are dedicated to preventing and mitigating possible risks of any form of illegal activity. Under these policies, we have implemented effective internal mechanisms and procedures to prevent terrorist financing, money laundering, human and drug trafficking, bribery and corruption. We take immediate action upon detection of any suspicious activity from our users.

KYC Policy

Neuer Capital is conducting an extensive KYC upon the opening of account and on an ongoing basis.

The documents that you are required to submit are as follows:

  • ID proof: any one of the following
    1. Passport
    2. ID
    3. Any government issued identity card (such as driving license).
  • Proof of Payment: You will need to provide the back and front of the Debit or Credit card that you have used for the deposits.
    1. Front side – the first 6 and last 4 digits of the card number should be visible for security purposes.
    2. Back side – the CVV should be covered and the first 6 and last 4 digits should be visible.
    3. Some important information that includes your name, the first 6 and last 4 digits of your card number, and the expiration date should be clearly visible.
  • Address proof (2 documents from the following categories):
    1. Utility bills – provided that they are no older than 6 months;
    2. Bank/Telephone/credit card statements

The documents should be sent from the registered e-mail address. Alternatively, you can also send the documents to our address at: situated suite 1, second floor sound & vision house, Republic of Seychelles.

The KYC documents needs to be self-attested by you.

 

How to Send Documents?

Neuer Capital has ensured that it is easy for clients to send the aforementioned documents. You are required to scan the documents and send them to us via email. You can also images with a good digital camera and send us the pictures in jpeg format.

 

There is no need for you to be concerned about the security of your documents. All information that’s shared with us by our customers are subjected to top notch standards of security, which include the highest level of encryption. All data is kept confidential and not shared with any third parties.

 

AML Policy

Money laundering is one of the most common concerns that financial regulators are always working day and night to counter. It is arguably one of the most severe criminal offenses under the financial crimes divisions. Basically, money laundering involves the movement of funds [usually large sums of money] whose sources are illegal or suspect through financial systems in such a way that sanitizes the source of these funds. Usually, money laundering involves three major parties namely the owner of the funds, a financial institution such as a bank and interested parties. For instance, a politician could steal funds from the public coffers, then move it through a bank account in order for the bank to process the loot and remit different portions of it to designated bank accounts. Most money laundering schemes are devised by politicians, drug barons and other fraudulent businesses.

Stages Of Money Laundering

The following are the three main stages often followed during money laundering.

 
  • Placement of cash or cash equivalents into a financial system.
  • Movement of funds to different designated accounts. Usually, these are accounts that may not be directly related to the launderer’s known bank accounts, such as futures account. The funds are also usually transferred in a manner that the source remains obscure. One example is transferring it to smaller bank accounts in portions that the system regulators cannot flag off as suspicious activity”.
  • The reintroduction of the laundered funds back into the economy. The aim is to bring back the money to circulation in such a manner that it now appears that the owner of the funds obtained it through legitimate means. A classic example of money laundering is smuggling drugs, laundering the proceeds through a bank and then investing the funds in a real estate development. Evidently, the money is put to good use, though its origin remains suspicious.

Neuer Capital Anti Money laundering policy

One of the industries that’s prone to money laundering is the cryptocurrency trading industry. One reason why launderers of illicit funds prefer such trading accounts is due to the inadequate regulations normally imposed on such accounts. But if you are looking for the safest platform to trade your cryptocurrency, look no further than Neuer Capital. As a security measure against money laundering, we normally redirects funds withdrawals to the remittance source.

This platform abides by the United Kingdom’s Joint Money-Laundering Steering-Group. This group works under the umbrella of the Financial-Action Task-Force (FATF), an intergovernmental agency tasked with preventing money laundering, of which UK is part.

The following are some of the policies adopted by Neuer Capital through which the platform tries to combat money laundering.

 
  • Requiring valid identification from their clients.
  • Maintaining crucial records such as records on clients’ identification
  • Establishing whether their clients are suspected terrorists or not. This is done by checking their credentials against the international terrorists watch list.
  • Making clients aware their information could be used to have them verify their identity. A dishonest client will object to such requests.
  • Carefully tracking money movements.
  • Not accepting cash or any other forms of third-party transactions.

Neuer Capital is also cognizance of and has implemented all the requirements by the International Anti-money Laundering to have financial institutions track and monitor the movements of funds within their systems.

According to the International Anti-money Laundering, financial institutions should employ mechanisms for deterring, detecting, flagging and reporting any suspicious money movements.

KYC and AML
Procedures and
Policy

Neuer Capital’s Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and procedures are dedicated to preventing and mitigating possible risks of any form of illegal activity. Under these policies, we have implemented effective internal mechanisms and procedures to prevent terrorist financing, money laundering, human and drug trafficking, bribery and corruption. We take immediate action upon detection of any suspicious activity from our users.

KYC Policy

Neuer Capital is conducting an extensive KYC upon the opening of account and on an ongoing basis.

The documents that you are required to submit are as follows:

  • ID proof: any one of the following
    1. Passport
    2. ID
    3. Any government issued identity card (such as driving license).
  • Proof of Payment: You will need to provide the back and front of the Debit or Credit card that you have used for the deposits.
    1. Front side – the first 6 and last 4 digits of the card number should be visible for security purposes.
    2. Back side – the CVV should be covered and the first 6 and last 4 digits should be visible.
    3. Some important information that includes your name, the first 6 and last 4 digits of your card number, and the expiration date should be clearly visible.
  • Address proof (2 documents from the following categories):
    1. Utility bills – provided that they are no older than 6 months;
    2. Bank/Telephone/credit card statements

The documents should be sent from the registered e-mail address. Alternatively, you can also send the documents to our address at: situated suite 1, second floor sound & vision house, Republic of Seychelles.

The KYC documents needs to be self-attested by you.

 

How to Send Documents?

Neuer Capital has ensured that it is easy for clients to send the aforementioned documents. You are required to scan the documents and send them to us via email. You can also images with a good digital camera and send us the pictures in jpeg format.

 

There is no need for you to be concerned about the security of your documents. All information that’s shared with us by our customers are subjected to top notch standards of security, which include the highest level of encryption. All data is kept confidential and not shared with any third parties.

 

AML Policy

Money laundering is one of the most common concerns that financial regulators are always working day and night to counter. It is arguably one of the most severe criminal offenses under the financial crimes divisions. Basically, money laundering involves the movement of funds [usually large sums of money] whose sources are illegal or suspect through financial systems in such a way that sanitizes the source of these funds. Usually, money laundering involves three major parties namely the owner of the funds, a financial institution such as a bank and interested parties. For instance, a politician could steal funds from the public coffers, then move it through a bank account in order for the bank to process the loot and remit different portions of it to designated bank accounts. Most money laundering schemes are devised by politicians, drug barons and other fraudulent businesses.

Stages Of Money Laundering

The following are the three main stages often followed during money laundering.

 
  • Placement of cash or cash equivalents into a financial system.
  • Movement of funds to different designated accounts. Usually, these are accounts that may not be directly related to the launderer’s known bank accounts, such as futures account. The funds are also usually transferred in a manner that the source remains obscure. One example is transferring it to smaller bank accounts in portions that the system regulators cannot flag off as suspicious activity”.
  • The reintroduction of the laundered funds back into the economy. The aim is to bring back the money to circulation in such a manner that it now appears that the owner of the funds obtained it through legitimate means. A classic example of money laundering is smuggling drugs, laundering the proceeds through a bank and then investing the funds in a real estate development. Evidently, the money is put to good use, though its origin remains suspicious.

Neuer Capital Anti Money laundering policy

One of the industries that’s prone to money laundering is the cryptocurrency trading industry. One reason why launderers of illicit funds prefer such trading accounts is due to the inadequate regulations normally imposed on such accounts. But if you are looking for the safest platform to trade your cryptocurrency, look no further than Neuer Capital. As a security measure against money laundering, we normally redirects funds withdrawals to the remittance source.

This platform abides by the United Kingdom’s Joint Money-Laundering Steering-Group. This group works under the umbrella of the Financial-Action Task-Force (FATF), an intergovernmental agency tasked with preventing money laundering, of which UK is part.

The following are some of the policies adopted by Neuer Capital through which the platform tries to combat money laundering.

 
  • Requiring valid identification from their clients.
  • Maintaining crucial records such as records on clients’ identification
  • Establishing whether their clients are suspected terrorists or not. This is done by checking their credentials against the international terrorists watch list.
  • Making clients aware their information could be used to have them verify their identity. A dishonest client will object to such requests.
  • Carefully tracking money movements.
  • Not accepting cash or any other forms of third-party transactions.

Neuer Capital is also cognizance of and has implemented all the requirements by the International Anti-money Laundering to have financial institutions track and monitor the movements of funds within their systems.

According to the International Anti-money Laundering, financial institutions should employ mechanisms for deterring, detecting, flagging and reporting any suspicious money movements.