Aquila Ltd. KYC Policy

The Company reserves the right, at any time, to request KYC documentation it deems necessary to determine the identity and location of a user on 988BOS. We reserve the right to limit services, payments, or withdrawals until the identity is sufficiently determined, or for any other reason at our sole discretion based on the legal framework.

We take a risk-based approach and perform strict due diligence checks and ongoing monitoring of all clients, customers, and transactions. In accordance with money laundering regulations, we employ three stages of due diligence checks, depending on the risk, transaction, and type of customer.

• SDD — simplified due diligence is used in cases of very low-risk transactions that do not meet the required thresholds
• CDD — customer due diligence is the standard for due diligence checks, used in most cases for verification and identification
• EDD — Enhanced Due Diligence is used for high-risk customers, large transactions, or special cases.

Separate and in addition to the above mentioned, when a user makes a total lifetime deposit exceeding EUR 5,000 or requests a withdrawal of any amount of money within 988BOS, or attempts or completes a transaction deemed suspicious, it is mandatory for them to complete the KYC process in full.

During this process, the user must enter some basic details about themselves and then upload:

• A copy of a Government Issued Photo ID (in some cases front and back depending on the ID document)
• A selfie of themselves holding the ID document
• Bank statement/Utility Bill

Guidelines for "KYC Process"

• Proof of ID
• Signature
• Country is not one of the following Restricted Countries:
  • Austria
  • France and its territories
  • Germany
  • Netherlands and its territories
  • Spain
  • Comoros Union
  • United Kingdom
  • USA and its territories
  • All countries on the FATF Blacklist,
  • other jurisdictions deemed prohibited by the Anjouan Offshore Financial Authority.
• Full Name matches client's name
• Document does not expire within the next 3 months
• Holder is over 18 years old
• Proof of Residence
• Bank Statement or Utility Bill
• Country is not one of the following Restricted Countries:
  • Austria
  • France and its territories
  • Germany
  • Netherlands and its territories
  • Spain
  • Comoros Union
  • United Kingdom
  • USA and its territories
  • All countries on the FATF Blacklist,
  • other jurisdictions deemed prohibited by the Anjouan Offshore Financial Authority.
• Full Name matches client's name and is the same as on the proof of identity.
• Date of Issue: Within the last 3 months
• Selfie with identity
• Holder is the same as on the identity document above
• Identity document is the same as in "1". Make sure the photo/identity number is the same

Notes on “KYC Process”

If the KYC process is unsuccessful, the reason is documented, and a support ticket is created in the system. The ticket number along with the explanation is communicated back to the user. Once all appropriate documents are in our possession, the account is approved.