AML / KYC Policy

1. Objective of the AML Policy

Coild Ltd is required to comply with anti-money laundering (AML) regulations in all of its operations. All employees and representatives of Coild are committed to adhering to the strictest AML and Know Your Customer (KYC) standards to reduce the possibility that our services could be used to facilitate financial crimes.

We have adopted this AML Policy framework to ensure that all necessary measures are implemented to safeguard the integrity and transparency of our services. Coild Ltd pledges to comply with all applicable United Kingdom and international AML laws and regulations, as well as the recommendations of the Financial Action Task Force (FATF) and other global AML standards.

2. What Is the AML Policy?

The AML Policy establishes a framework designed to prevent the use of our services for money laundering, terrorism financing, or any other unlawful activities.

KYC procedures form an integral part of the AML Policy. The purpose of KYC is to enable the company to better understand its customers, assess potential risks, and manage them effectively throughout the customer lifecycle.

In cases where potentially suspicious or unusual transactions or client behaviour are detected, Coild takes all necessary precautions to mitigate such risks. Employees involved in processing transactions may request additional documents, such as proof of source of funds or justification for certain transactions.

Coild maintains a systematic record-keeping process, ensuring that all customer identification documents, verification data, and transaction details are stored securely and handled in full compliance with applicable data protection laws.

Our AML Policy includes:

• Identification and verification of customers prior to establishing a business relationship.
• Implementation and maintenance of risk-based customer due diligence (CDD), including enhanced due diligence (EDD) for higher-risk clients.
• Ongoing monitoring of customer transactions to identify and prevent suspicious activity.
• Internal and external reporting of suspected or confirmed suspicious activities to relevant authorities.
• Regular AML and compliance training for all employees.

During the customer due diligence process, Coild Ltd reserves the right to reject customer documents, delay account activation, or terminate business relationships in cases of suspicious behaviour, falsified information, or lack of cooperation.

3. Customer Due Diligence and Compliance Partners

Coild Ltd is responsible for reviewing KYC and KYB documentation for all of its clients and ensuring ongoing compliance with applicable AML requirements.

The list of prohibited and restricted countries is available in the Prohibited Countries List (PDF), which is maintained separately and available upon request.

For identity verification, sanctions screening, and continuous compliance monitoring, Coild Ltd utilises regulated verification and compliance technology providers to support customer verification, global sanctions and watchlist screening, and ongoing due diligence in accordance with international AML standards and regulatory obligations.

4. Response Times

Requests related to AML matters – including verification, compliance reviews, disputes, or other AML-related inquiries – are typically processed within up to fifteen (15) business days. The same timeframe may apply to account activation, re-verification, or compliance-related assessments, depending on the complexity of the case and the level of due diligence required.

For any AML-related questions or compliance inquiries, please contact our Compliance Department at compliance@coild.co.