KNOW YOUR CUSTOMER (KYC) POLICY

1. INTRODUCTION

1.1. Purpose and Scope
This Know Your Customer (KYC) Policy (“Policy”) outlines the procedures and practices adopted by IDX Markets, hereinafter referred to as “the Company,” to verify and authenticate the identities of its customers. This Policy is designed to ensure compliance with applicable anti-money laundering (AML) and know your customer (KYC) regulations and to mitigate risks associated with financial crimes.

1.2. Legal Framework
The Company operates in accordance with national and international laws and regulations governing AML and KYC practices, including but not limited to [Relevant Regulations].

2. CUSTOMER IDENTIFICATION

2.1. Customer Due Diligence (CDD)
The Company conducts CDD procedures to identify and verify the identity of its customers. CDD may include: Collecting and verifying customer information, Assessing the purpose of the business relationship, Ongoing monitoring of customer transactions.

2.2. Types of Customers
The Company may categorize customers into different risk levels based on factors such as transaction volume, geographic location, and customer profile. Enhanced due diligence(EDD) may be applied to higher-risk customers.

3. IDENTIFICATION DOCUMENTS

3.1. Acceptable Documents
Customers are required to provide valid and official identification documents, including but not limited to Government-issued photo identification (e.g., passport, driver’s license and Proof of address (e.g., utility bills, bank statements)).

3.2. Verification Process
The Company verifies customer identities through electronic means and third-party verification services, where applicable.

4. ONGOING MONITORING

4.1. Transaction Monitoring
The Company employs transaction monitoring systems to detect unusual or suspicious transactions and report them in accordance with AML regulations.

4.2. Periodic Reviews
The Company conducts periodic reviews of customer information to ensure its accuracy and to identify any significant changes in customer behaviour.

5. ENHANCED DUE DILIGENCE (EDD)

5.1 Higher-Risk Customers

For customers categorized as higher risk, EDD procedures are applied. EDD may include:

• In-depth background checks
• Enhanced transaction monitoring
• Additional verification of the source of funds

6. REPORTING REQUIREMENTS

6.1. Suspicious Activity Reports (SARs)
The Company is obligated to file SARs with relevant authorities in cases of suspected money laundering or suspicious activity.

6.2. Regulatory Cooperation
The Company cooperates with law enforcement and regulatory agencies in investigations related to AML and KYC compliance.

7. RECORD KEEPING

The Company maintains records of customer identification and verification documents, transaction data, and communication records for the duration required by applicable laws and regulations.

8. TRAINING AND AWARENESS

The Company provides ongoing training and awareness programs for employees to ensure compliance with this KYC Policy and relevant AML regulations.

9. COMPLIANCE OFFICER

The Company designates a Compliance Officer responsible for overseeing AML and KYC compliance, implementing this Policy, and reporting to senior management.

10. POLICY UPDATES

This KYC Policy is reviewed and updated regularly to reflect changes in AML and KYC regulations and the Company’s practices.