KYC Policy
Version 0.9
1. Introduction
This policy defines the Nature Value Foundation's (NVF) commitment to comply with relevant EU and international regulations concerning KYC/KYB. It applies to all NVF operations and personnel.
2. Compliance Obligations
The NVF will adhere to all applicable KYC/KYB laws and regulations imposed by EU and international bodies.
3. Risk Assessment and Management
Regular assessments to identify and mitigate risks associated with customer and business relationships in NVF operations.
4. Due Diligence and Customer Identification
Implementing customer due diligence procedures, including customer and beneficial owner verification.
Assessing customer risk profiles.
Applying enhanced due diligence for high-risk customers.
5. Monitoring and Reporting
Ongoing monitoring of customer relationships and activities to ensure compliance with KYC/KYB standards.
6. Sanctions Compliance
No engagement with individuals or entities from sanctioned countries or those listed on sanction lists.
Regular screening against updated sanction lists for compliance.
7. Internal Controls and Audits
Implementing internal controls to ensure adherence to KYC/KYB policies.
Regular audits to evaluate the effectiveness of KYC/KYB measures.
8. Reporting and Escalation Procedures
Reporting on non-compliance or procedural issues.
Designating a Compliance Officer to oversee KYC/KYB compliance.
9. Policy Review and Updates
Regular review and updates to align with changing legal and regulatory requirements for KYC/KYB.
10. Legal and Regulatory Cooperation
The NVF is committed to cooperating with legal and regulatory bodies on KYC/KYB-related matters.
11. Whistleblower Protection
Providing protection for employees who report KYC/KYB concerns or violations in good faith.
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