Budsgate CRM Space is committed to maintaining the highest standards of integrity, transparency, and regulatory compliance. Our Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy is designed to prevent fraudulent activities, identity theft, money laundering, and the financing of illegal operations.

This policy outlines our procedures for customer due diligence (CDD), risk assessment, and compliance with relevant regulatory frameworks.

2. Purpose & Scope

This KYC/AML Policy applies to:

All users, clients, and business entities utilizing Budsgate CRM Space’s platform.

Any partners, vendors, and affiliates engaged in financial transactions with our company.

By using our services, you agree to comply with this policy and provide any necessary verification information upon request.

3. Know Your Customer (KYC) Policy

As part of our KYC compliance, we conduct due diligence to verify the identities of individuals and businesses.

A. KYC Requirements

To register and access certain features of Budsgate CRM Space, users may be required to submit:

For Individuals:

Full legal name

Government-issued ID (passport, driver’s license, national ID card, etc.)

Proof of residential address (utility bill, bank statement, or rental agreement)

Contact information (email, phone number)

For Businesses:

Business registration certificate

Tax Identification Number (TIN)

Proof of business address

Authorized representative’s ID and proof of authority

Details of ultimate beneficial owners (UBOs), if applicable

B. Verification Process

All submitted documents will be reviewed by our compliance team.

Additional verification may be requested in cases of suspicious activity or inconsistencies.

Users may be required to complete video verification for high-risk transactions.

Failure to provide required documentation may result in account suspension or termination.

4. Anti-Money Laundering (AML) Policy

Budsgate CRM Space strictly prohibits any use of our platform for money laundering, fraud, terrorism financing, or illicit activities.

A. Risk-Based Approach (RBA)

We implement a risk-based approach to assess the likelihood of financial crimes. Users and transactions are classified into low, medium, or high risk based on:

Transaction patterns (e.g., unusual or large volume transactions)

Geographical location (compliance with high-risk country restrictions)

User’s background (sanctions lists, politically exposed persons (PEPs), etc.)

B. Transaction Monitoring

All transactions on our platform are monitored for unusual activity.

Large or suspicious transactions may trigger enhanced due diligence (EDD).

Transactions involving high-risk countries or entities listed on global sanctions databases may be blocked.

C. Suspicious Activity Reporting (SAR)

If we detect any suspicious activity, we reserve the right to:

Request additional information from the user.

Report the transaction to relevant regulatory authorities.

Suspend or terminate the user’s account without prior notice.

5. Prohibited Activities

Users are strictly prohibited from engaging in the following activities on Budsgate CRM Space:

Money laundering: Concealing the origins of illegally obtained money.

Terrorism financing: Providing financial support to terrorist organizations.

Fraudulent activities: Identity theft, false transactions, chargeback fraud.

Using falsified or stolen identities to access our platform.

Transacting with entities on international sanctions lists (OFAC, EU, UN, etc.).

6. Compliance & Legal Obligations

Budsgate CRM Space complies with all applicable KYC/AML laws, including but not limited to:

USA PATRIOT Act (United States)

EU Anti-Money Laundering Directives (AMLD)

Financial Action Task Force (FATF) Recommendations

Bank Secrecy Act (BSA)

Users found in violation of these regulations may be reported to law enforcement authorities and banned from our platform.

7. Data Privacy & Security

We prioritize user privacy while ensuring compliance with KYC/AML laws.

Personal and financial data collected for KYC purposes is securely stored and encrypted.

Information will only be shared with regulatory authorities when required by law.

We follow GDPR, CCPA, and other data protection laws to safeguard user data.

8. Enforcement & Penalties

Violating our KYC/AML policy may result in:

Immediate account suspension or termination.

Blocking of funds or pending transactions.

Reporting to financial crime authorities for further legal action.

9. Contact & Support

For KYC verification assistance or AML-related concerns, contact our compliance team:

Email: budsgatecrm@gmail.com

Phone: 2348065066907

Address: 18, Alh Abubakar Str, Ayekale ,Ota-efun