Rewarble AML-Richtlinie

Rewarble AML Policy

Mechhive B.V., a company based in The Netherlands, Eindhoven, is committed to strict compliance with laws designed to combat money laundering, terrorist financing, and other illegal transactions. In order to comply with Dutch legislation, the company has established a risk-based Anti-Money Laundering program.

AML, CTF, PEPs

To ensure compliance with the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies, the management has appointed an Anti-Money Laundering Compliance Officer (AMLCO). This officer is responsible for establishing and maintaining the risk-based Anti-Money Laundering program within the company. At Mechhive B.V., it is a requirement that all employees are aware of their obligations in relation to combating money laundering and terrorist financing.

Mechhive B.V. also makes an effort within our Anti-Money Laundering (AML) policy to recognize 'Politically Exposed Persons' (PEPs). PEPs are individuals with current or former high public positions, both nationally and internationally, which may provide them with access to significant government resources and the power to influence regulations. This potential makes them a higher risk for involvement in corruption or money laundering.

Staff at Mechhive B.V. are expected to know and strictly follow the procedures set out in the manual. The implementation of this risk-based Anti-Money Laundering program (AML), the Counter-Terrorist Financing program (CTF), and the 'Politically Exposed Persons' policy (PEPs) demonstrates Mechhive's commitment to preventing money laundering and preventing funds from being used for terrorist activities.

Risk-Based KYC and CDD

The procedures used in the AML policy are generally known as 'Know Your Customer' (KYC) or 'Customer Due Diligence' (CDD). They form an essential part of any financial institution, where it is crucial to verify the identity of customers and understand and monitor their financial transactions. KYC and CDD are not only intended to establish the identity of customers but also to gain a thorough understanding of their risk profile.

Based on our risk assessment, different levels of due diligence are applied to different types of transactions and customers. For lower-risk transactions, a simplified version of KYC may be applied, while higher-risk transactions require enhanced due diligence measures. This risk-based approach ensures appropriate security measures while maintaining efficiency in our processes.

For repeated orders, Mechhive B.V. implements appropriate KYC procedures based on the assessed risk level. Additionally, Mechhive B.V. applies transaction limits per customer as part of our risk-based approach to combat money laundering.

Monitoring

Mechhive B.V. performs both automatic and manual transaction monitoring and reserves the right to intervene according to the AML policy for suspicious transactions. Transactions may be temporarily halted and customers may be asked to provide additional documentation relating to their identity based on our risk assessment. If customers are unable to meet the required documentation according to the AML policy, a customer may be denied and a transaction reversed.