Anti-Money Laundering (AML) & KYC Policy

Last updated: Jun 27, 2025

1. Policy Overview

Psyvids is committed to:

• Preventing money laundering and terrorist financing
• Complying with all applicable AML laws and regulations
• Implementing risk-based due diligence procedures
• Maintaining appropriate records
• Cooperating with law enforcement and regulatory authorities

2. Risk-Based Approach

2.1 Risk Categories

We categorize users based on risk levels:

• Low Risk: Basic account holders with limited transaction volumes
• Medium Risk: Regular content creators and active users
• High Risk: High-volume transactors and politically exposed persons (PEPs)

3. KYC Requirements

3.1 Basic Verification

All users must provide:

• Full legal name
• Date of birth
• Current residential address
• Valid government-issued ID
• Email address and phone number

3.2 Enhanced Due Diligence

Additional verification required for:

• High-volume creators ($10,000+ monthly)
• Business accounts
• Users from high-risk jurisdictions
• Politically exposed persons (PEPs)

4. Transaction Monitoring

4.1 Monitoring Systems

We employ automated systems to detect:

• Unusual transaction patterns
• Structured transactions
• High-risk payment methods
• Suspicious user behavior

4.2 Reporting Thresholds

We maintain reporting requirements for:

• Single transactions exceeding $10,000
• Cumulative transactions exceeding $25,000 in 30 days
• Multiple transactions appearing to be structured

5. Prohibited Activities

The following are strictly prohibited:

• Using false or misleading information
• Attempting to circumvent AML controls
• Operating on behalf of undisclosed parties
• Engaging in transactions with sanctioned individuals or entities

6. Sanctions Screening

We screen against:

• OFAC SDN List
• EU Consolidated Sanctions List
• UN Security Council Sanctions Lists
• Other applicable sanctions lists

7. Record Keeping

We maintain records of:

• Customer identification documents
• Transaction histories
• Due diligence reports
• Suspicious activity reports
• All compliance-related communications

8. Policy Updates

We regularly review and update this policy to reflect:

• Changes in regulatory requirements
• Industry best practices
• Platform risk assessment findings
• Technological advancements

9. Contact Information

For AML/KYC related inquiries:

• Email: compliance@psyvids.com
• Address: 1201 N Orange St. Suite 7665, Wilmington, DE 19801-1186