‘Unicas Digital Labs LLP’ or hereby referred to as ‘Unicas’ is committed to complying with the Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations set forth by the Government of India for cryptocurrency exchanges and virtual asset service providers. This KYC Policy outlines the procedures and requirements that customers must adhere to when engaging with our platform to access and use our website https://unicas.co.in/ which provides services of online purchase and sale of Virtual Digital Assets ("VDA") through deposit and withdrawal of INR, as well as through the transfer of other VDAs.
1. Purpose:
The purpose of this KYC Policy is to verify the identity of our customers, assess the risks associated with their activities, and prevent any potential involvement in money laundering, terrorist financing, or other illicit activities.
2. Scope:
This policy applies to all customers of Unicas who utilize our platform for cryptocurrency transactions and related services within the jurisdiction of India.
3. Customer Identification:
- Account Registration: Customers must undergo a thorough registration process that includes providing valid identification documents such as Aadhaar Card, Passport, Voter ID, or Driver's License along with their PAN Card,in case of a corporate account, we may require you to provide the certificate of incorporation, PAN Card of the company along with partnership deed, beneficial owners information along with their personal KYCs.
- Identity Verification: Customers must undergo identity verification procedures through the submission of valid documents and may be required to undergo additional verification steps, (including facial recognition), to ensure the authenticity of their identity.
- Enhanced Due Diligence (EDD): In cases where customers are identified as high-risk or engage in large transactions, Unicas may conduct enhanced due diligence to gather additional information and assess the risk associated with their activities.
4. Monitoring and Reporting:
- Transaction Monitoring: We monitor transactions on its platform for any suspicious activities, including large transactions, unusual patterns, or transactions involving high-risk jurisdictions.
- Reporting Obligations: In compliance with Indian regulations, we will be reporting any suspicious transactions or activities to the appropriate regulatory authorities, including the Financial Intelligence Unit (FIU) of India.
- Enhanced Due Diligence (EDD): In cases where customers are identified as high-risk or engage in large transactions, Unicas may conduct enhanced due diligence to gather additional information and assess the risk associated with their activities.
5. Data Protection and Privacy:
- Data Security: We employ robust security measures to protect customer information from unauthorized access, disclosure, alteration, or destruction.
- Privacy Policy: We adhere to a strict privacy policy that governs the collection, use, and storage of customer data in compliance with applicable laws and regulations.
6. Compliance and Training:
- Compliance Officer: Unicas shall be appointing a designated Compliance Officer responsible for overseeing the implementation and enforcement of this KYC Policy.
- Employee Training: All employees of Unicas undergo regular training on AML/KYC procedures and regulations to ensure compliance and effective implementation of this policy.
Unicas reserves the right to amend or update this KYC Policy as necessary to reflect changes in regulatory requirements or internal procedures. Customers will be notified of any changes to this policy through our website or other communication channels.
If you have any complaints or inquiries regarding this KYC-AML Policy or need to report any suspicious or unlawful activities by a user within your knowledge, please feel free to contact us at [email protected]
