KYC & AMLA Policy

For the purposes of this KYC & AMLA Policy, "us", "we", "we" or "our" or "Omoku" means the website and related services.


By registering as an Omoku user, you agree to the terms of the KYC & AMLA Policy without exclusions or reservations. The MLA Policy is an integral part of the Terms and Conditions that you must agree to when registering on Omoku. Our AMLA Policy is designed to prevent and mitigate the possible risks that omoku may become involved in any kind of illegal activity. Both international and local regulations require omoku to use effective internal procedures and mechanisms to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery. We must take action in the event of suspicious activities by our users. The MLA Directive covers the following points:
  • Compliance Officer
  • Verification procedure
  • Monitoring of transactions
  • Risk assessment

Compliance Officer

The Compliance Officer is the person duly authorised by omoku to ensure the effective implementation and enforcement of the KYC & AMLA Policy. It is the responsibility of the Compliance Officer to oversee all aspects of omoku's anti-money laundering and counter-terrorism activities, including but not limited to:
  • Collection of user identification information.
  • Establish and maintain internal policies and procedures for the completion, review, transmission and retention of all reports and records required by applicable laws and regulations.
  • Monitor transactions and investigate significant deviations from normal activity.
  • Implement an archive management system for the appropriate storage and retrieval of documents, files, forms and records.
  • Regular updating of the risk assessment.
  • Provide information to law enforcement agencies in accordance with applicable laws and regulations.
The Compliance Officer is entitled to interact with law enforcement agencies involved in the prevention of money laundering, terrorist financing and other illegal activities.

Verification procedures

The identity verification procedure of omoku requires that the user submits reliable, independent documents, data or information (e.g. identity card, passport, electricity bill) to omoku. For such purposes, omoku reserves the right to collect the User's identification information for the purposes of the KYC & AMLA Policy. Omoku takes measures to confirm the authenticity of the documents and information provided by users. Omoku reserves the right to investigate certain users who have proven to be risky or suspicious. Omoku reserves the right to continuously verify the identity of the user, especially if his identification information has changed or his activity appears suspicious (for example, unusual for the user). In addition, omoku reserves the right to request up-to-date documents from users, even if they have passed an identity check in the past. Omoku reserves the right to refuse any person to register and use the omoku services without giving reasons, Omoku rejects or terminates the relationship with any person subject to sanctions (financial or otherwise) of any country in the world and any internationally recognized organization. The User's identification information is collected, stored, disclosed and protected in strict accordance with omoku's Privacy Policy and related regulations.

Monitoring of transactions

Customers are known not only by verifying their identity (who they are), but also by analyzing their transaction patterns (what they do). We perform a variety of compliance-related tasks, including data collection, filtering, logging, investigation management and reporting. With regard to the KYC & AMLA Policy, we analyse all customer data provided and monitor all transactions. We ensure that suspicious transactions are reported through the Compliance Officer to the appropriate law enforcement agency or ask the client to provide additional information and documentation on suspicious transactions. We reserve the right to temporarily suspend (block) or terminate the customer's account if we have reasonable grounds to suspect that this customer is involved in illegal activities.

Risk Assessment

Omoku applies a risk-based approach to combating money laundering and terrorist financing in accordance with the KYC & AMLA Policy. Through a risk-based approach, omoku can ensure that measures to prevent or mitigate money laundering and terrorist financing are appropriate to the identified risks. This makes it possible to use resources as efficiently as possible.