We believe in being self-regulated and follow certain customer identification procedure for opening of accounts and monitoring transactions of a suspicious nature for the purpose of reporting it to appropriate authority. We are committed to ensure that our website or services are not used to facilitate money laundering or the funding of terrorism or any other criminal activities. To fulfill this goal, we have designed our own know-your-customer/KYC and anti-money laundering/AML information acquiring system to safeguard our customers and ensure continuous, clean barter. While the present document lays down our KYC Policy, you may find our AML Policy at www.coinanx.com Please read the KYC Policy properly so as to ensure that you do not breach any provisions of our KYC Policy and comply with all verification process.
NEED FOR A POLICY
TRAVELTRIX PTY LTD. is a company duly incorporated under the laws of Australia and runs a completely transparent and legal cryptocurrency trading platform. We intend to encourage the use of cryptocurrencies among the community and make it easier for the cryptocurrency community in Australia to trade and exchange in cryptocurrencies. In order to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (AML/CTF Rules), we need to know the details of our customers who purchase tokens from us so as to prevent money laundering and terrorist financing.
NO LEGAL REQUIREMENT
Although we are not required by the law to follow any Know Your Customer (KYC) policies or implement any Anti Fraud mechanisms, however we believe in total transparency and adherence to the law and discourage any of illegal activities while using our services. In order to discourage and prevent any person from indulging in illegal activities using its services, we have made the following KYC and Anti Fraud Policy purely as a measure of prudence and on an entirely voluntary basis.
DUE DILIGENCE POLICY
In order to ensure that our services are not utilized by unwanted and illegal elements to further their illegal motives, we intend to follow a Due Diligence Policy which entails the following:
Obtaining sufficient information about to the client in order to identify who is the actual beneficial owner of the securities or on whose behalf transaction is conducted.
Verifying the customer’s identity using reliable, independent source document, data or information.
Conducting on-going due diligence and scrutiny of the account/client to ensure that the transaction conducted are consistent with the client’s background/financial status, its activities and risk profile.
The Due Diligence Policy involves the following three specific parameters: (i) Customer Acceptance Policy; (ii) Customer Identification Policy; and (iii) Highlighting Suspicious Transactions.
Customer Acceptance Policy
To achieve the object of total transparency and prevent illegal activities on our trading platforms, we have a clear policy of the kind of customers that we shall accept:
We shall only accept clients who are able to provide complete and true documents in line with the Customer Identification Policy set out below. Customers who do not supply the essential information required while filling in the form provided for registration shall not be accepted.
We shall use known publicly and freely available portals to check the authenticity of the identification documents provided by the customers and any persons whose documents appear to be unclear, insufficient, fraudulent or misleading shall not be allowed to register, and if registered, their registration shall be terminated.
Any customers whose registration information does not match the documents provided or appears to be fictitious may not be registered, and if registered, their registration shall be terminated.
No customers shall be allowed to register in fictitious names or if the customer appears to be an anti social element or is found to have a record of fraud, cheating or forgery
We shall not accept any customers who are below 18 years of age or who do not have the mental capacity to enter into legally binding contracts. However it shall not be our responsibility to determine the legal capacity of the customers and a warranty regarding their legal capacity shall be considered as satisfactory fulfillment of this condition.
We may ask for additional information at any point of time and if the customer refuses or is unable to provide such additional information then such customer shall not be registered, and if registered, their registration shall be terminated.
NO LEGAL REQUIREMENT
The objective of the Customer Identification Policy is to have a mechanism in place to establish identity of the client along with firm proof of address to prevent opening of any account which is fictitious / anonymous in nature.
Proof of Identity: All customers shall have to provide scanned copies of at least one of the documents below as proof of identity. We shall accept the following documents as proof of identity:
Passport (Front and Last page)
Certificate of incorporation and Memorandum & Articles of Association
Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account
Power of Attorney granted to its managers, officers or employees to transact business on its behalf
Registration certificate, if registered;
Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
Certificate of registration, if registered
Power of Attorney granted to transact business on its behalf
Any officially valid document to identify the trustees, settlors, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
Proof of Address: All customers shall have to provide scanned copies of at least one of the documents below as proof of address. We shall accept the following documents as proof of address:
Utility Bills not older than 3 months.
One to One Interaction: We have no mandatory policy of meeting the clients individually. However, we will be enabling customers to submit their documents in person during meetups and/or workshops held across the country which would allows for another level of direct KYC verification.
Authenticity Check: We may, and shall be under no obligation to, check that the documents provided by the customers as proof of identity and proof of address are authentic by cross checking them against freely available public databases.
General Conditions: While providing documents to fulfill the User Identification Policy, customers should keep in mind the following:
Please upload clear scanned copies only. Scanned images should be in color and in high resolution (at least 300 dpi) however the file size should not be greater than 15 MB. Acceptable formats for the scanned copies are JPG, GIF, PNG, TIFF or PDF.
All documents should be valid on the date of submission and should not have expired.
Documents should be provided in English or with certified translation in English
Termination of Account: In case we find or are suspicious that any customer is in violation of the conditions prescribed in this Know Your Customer and Anti Fraud Policy, we shall be fully entitled to terminate the account of such customer and prevent such customer from undertaking any further activities on any of our platforms, existing or in future.
We shall activate the account upon verification of the details provided under KYC. In the event of factual inaccuracies, we shall be entitled to forthwith terminate the account without notice to User and User shall not be permitted to use the account. We may seek further documents or details, as per its revised policies or pursuant to Government or Regulatory requirements and User shall be bound to comply with the same. We shall be entitled to terminate existing accounts for non – compliance of these norms after due notice
We may, at our discretion, send to the User intimation of reasons for non-activation of the account. We are not under an obligation to however notify rejection of activation of new accounts.
Existing Users may be called upon to comply with the KYC and verification process. In the event of termination or deactivation of an existing account, Users shall be duly intimated by us, along with reasons for such deactivation and the procedures for redress. Delay in termination of such accounts shall not amount to waiver of the above mandatory requirement.