Know Your Customer (KYC) Policy

KYC measures exist to protect both the platform and its customers. These checks help confirm that real individuals use accounts and that financial activity follows legal requirements. KYC procedures serve to:

• Confirm customer identity;
• Verify that funds come from lawful sources;
• Reduce risks linked to fraud and misuse;
• Meet AML and CTF obligations required by regulators.

KYC also supports platform integrity and helps detect unusual behavior at an early stage.

Identity checks usually begin during registration and before access to certain account functions. At a minimum, each customer must provide basic personal details, including:

• Full legal name;
• Date of birth;
• Permanent residential address.

Depending on account activity, transaction size, or transaction frequency, additional details or documents may be requested. The scope of checks depends on risk assessment and regulatory requirements.

All documents must be clear, valid, and unchanged. If information raises questions, further checks may follow. These checks may include notarised copies, biometric confirmation, or database screening.

Additional checks may apply when certain conditions appear. These checks help confirm account legitimacy and transaction transparency. Extra verification may occur when:

• Total deposits, withdrawals, or transactions reach a defined limit;
• Account activity appears inconsistent or unusual;
• Transactions involve higher-risk jurisdictions;
• Third-party payment tools appear in account activity;
• Identity misuse or impersonation indicators arise;
• The customer holds PEP status or links to a sanctioned entity.

In such cases, Paripulse may request proof of source of funds, proof of source of wealth, extra identity documents, payment records, or banking details. Submitted data may go through screening systems and internal risk assessment tools.

KYC does not end after registration. Paripulse applies ongoing monitoring throughout the account lifecycle. This process may include:

• Review of customer information over time;
• Analysis of transaction patterns;
• Re-checks after changes to address, payment method, or country;
• Closer review of accounts with higher risk indicators.

If additional checks are required, certain account functions may pause until review completion. These actions aim to meet compliance duties and protect platform operations.

When a customer does not provide the requested KYC information or refuses verification, Paripulse may apply restrictions to maintain compliance. Possible measures include:

• Temporary account access limits;
• Suspension of deposits or withdrawals;
• Full account closure;
• Reporting to the relevant authorities when required.

Paripulse does not take responsibility for delays or losses linked to these actions when they follow legal obligations or platform protection needs.

If fraud, false information, or altered documents are suspected, Paripulse may take immediate action. Each case receives internal review based on available data and objective indicators. Possible actions include:

• Blocking or closing the account;
• Canceling pending transactions;
• Starting an internal investigation;
• Sharing information with competent authorities when required;
• Retaining or forfeiting funds where permitted by law.

All actions follow proportional assessment and documented procedures. Confidentiality remains a priority during each stage.

All KYC documents are processed under applicable data protection rules. Paripulse uses security measures to protect stored information and restrict access to authorized staff only.

KYC data remains stored for the legally required period after account closure or the final transaction. After that period, data handling follows regulatory retention rules.

Paripulse treats customer information with care and applies internal controls to support privacy, security, and compliance obligations.