Documentation

KYC Policy

Onmidev Ltd

Last Updated: December 3, 2025

Overview

Onmidev Ltd ("Company," "we," "us," "our") is committed to preventing financial crime, money laundering, and terrorist financing. To protect our customers and comply with international regulatory standards, we implement a comprehensive Know Your Customer (KYC) program.

This policy explains what information we collect from our customers, how we verify it, and how we protect it.

1. Why KYC Matters

Know Your Customer procedures are industry-standard practices that help us:

  • Verify that customers are who they claim to be

  • Prevent financial crime and money laundering

  • Comply with international regulations (FATF recommendations)

  • Protect legitimate customers and our business

  • Meet requirements of our regulatory authorities

By using Onmidev's services, you agree to comply with this KYC Policy.

2. When KYC Is Required

KYC verification is required when:

  • You open an account - Basic verification is required before you can access our services

  • Your deposits exceed EUR 5,000 (lifetime total) - Enhanced verification documents are required

  • You request a withdrawal - We may require proof of identity

  • Your activity appears suspicious - We may request additional documentation

  • You reach transaction thresholds - Large transactions may trigger additional verification

3. What Information We Collect

Initial Registration (All Users)

When you open an account, we collect:

  • Full legal name

  • Date of birth

  • Email address

  • Phone number

  • Country of residence

  • Residential address

Full KYC Verification (When Required)

When your account requires full KYC verification, we collect:

1. Government-Issued Photo ID

  • Passport, national identity card, or driver's license

  • Must be valid and clearly legible

  • Photo must match your current appearance

2. Proof of Address

  • Recent utility bill (electricity, gas, water, internet, or phone)

  • Recent bank statement

  • Government-issued residence letter

  • Rental agreement or lease

  • Any official document showing your name and current address

  • Must be dated within the last 3 months

3. Selfie with ID

  • Clear photograph of your face holding your government-issued ID

  • Your face must be clearly visible with natural expression

  • ID number and photograph must be readable

4. Our Verification Process

Step 1: Document Submission

You upload your documents through our secure portal during account creation or when prompted.

Step 2: Automated Checks

We use automated systems to:

  • Verify document authenticity (checking security features)

  • Compare your selfie photo with your ID photo using facial recognition

  • Cross-check your information for consistency

  • Screen against international sanctions lists and fraud databases

  • Verify your country of residence

Step 3: Manual Review

Our compliance team reviews your documents to confirm:

  • All documents are complete and legible

  • Your information is consistent across all documents

  • You meet our compliance requirements

  • No red flags or concerns exist

Step 4: Decision

  • Approved - Your account is activated and you can begin using our services

  • Additional Information Requested - We may ask for clarification or additional documents

  • Rejected - If verification cannot be completed, your account application is declined with an explanation

5. Risk-Based Approach

We assess each customer's risk level and apply appropriate verification procedures:

Low-Risk Customers

Residents of developed countries with strong financial regulations. Standard verification documents required.

Medium-Risk Customers

Customers with additional risk factors or higher transaction volumes. Enhanced verification and documentation may be required.

High-Risk Customers

Customers with complex structures, PEP status, large transactions, or other significant risk factors. Enhanced documentation (source of wealth, source of funds) required. Senior management approval needed.

6. Restricted and Prohibited Countries

Restricted Countries

We do not accept customers from the following countries:

  • Austria

  • France (and its territories)

  • Germany

  • Netherlands (and its territories)

  • Spain

  • Union of Comoros

  • United Kingdom

  • United States (and its territories)

  • Any FATF High-Risk or Non-Cooperative Jurisdiction

  • Any country under UN Security Council sanctions

  • Any jurisdiction explicitly prohibited by our regulator (Anjouan Offshore Finance Authority)

If you are a resident of a restricted country, your account application will be automatically declined.

7. Prohibited Activities and Red Flags

We monitor accounts for suspicious activity. We may investigate or close your account if:

  • You provide false or misleading information

  • Your documents appear forged or altered

  • Your transaction patterns don't match your stated profile

  • You attempt to structure deposits to avoid verification thresholds

  • Your funds appear to originate from illegal sources

  • You attempt to conceal beneficial ownership

  • You request anonymity or use coded language

  • Your account involves terrorist financing or sanctions violations

8. Your Responsibilities

When using Onmidev's services, you agree to:

  • Provide accurate, complete, and truthful information

  • Update your information if circumstances change (address, employment, nationality)

  • Respond promptly to verification requests

  • Provide genuine documents (not altered or forged)

  • Comply with all applicable laws and regulations in your jurisdiction

  • Understand that we may restrict your account at any time for compliance reasons

9. Data Protection and Privacy

Your personal information is:

  • Collected only for KYC and compliance purposes

  • Stored securely in protected systems

  • Shared only with regulatory authorities when legally required

  • Never disclosed to unauthorized third parties

  • Retained for minimum 10 years after account closure (as required by law)

  • Protected by industry-standard encryption and security measures

By submitting documents, you consent to us processing your personal data for KYC and compliance purposes.

10. Ongoing Monitoring

KYC is not a one-time event. We continuously monitor your account:

  • We review your transactions for suspicious patterns

  • We re-screen you against international sanctions lists periodically

  • We update your information and risk assessment annually

  • We investigate transactions inconsistent with your profile

11. Beneficial Ownership

For accounts involving multiple parties or complex structures (trusts, companies, partnerships):

  • We require identification of all beneficial owners (natural persons with ultimate control)

  • All beneficial owners must complete verification procedures

  • Complex structures may require additional documentation and MLRO approval

12. Consequences of Non-Compliance

If you fail to provide required KYC documentation or provide false information:

  • Your account may be suspended

  • Your funds may be frozen pending investigation

  • Your account may be terminated

  • You may be reported to regulatory authorities

  • You may face legal consequences

13. Special Circumstances

Large Transactions

Deposits or withdrawals exceeding USD 10,000 (or equivalent) may require:

  • Enhanced verification

  • Source of funds documentation

  • Additional compliance review

Politically Exposed Persons (PEPs)

If you are a current or former government official, political candidate, or immediate family member of such persons:

  • You must declare this status

  • Enhanced due diligence procedures apply

  • Senior management approval required

Geographic Changes

If you relocate to a restricted country:

  • Your account will be suspended

  • You will have 30 days to withdraw remaining funds

  • Your account will be closed if funds remain after 30 days

14. Frequently Asked Questions

Q: Why do I need to complete KYC?
A: KYC is required by law to prevent money laundering and terrorist financing. It protects you and our business.

Q: How long does verification take?
A: Most customers receive approval within 1-3 business days. Complex cases may take longer.

Q: What if my documents are rejected?
A: We will provide a reason for rejection. You may resubmit corrected documents for review.

Q: How long do you keep my documents?
A: We retain all KYC documents for minimum 10 years after your account closes, as required by law.

Q: Can I appeal a rejected application?
A: Yes. Contact [email protected] with a detailed explanation of your circumstances.

Q: What if my information changes?
A: Update your profile immediately. Changes in address, employment, or nationality should be reported promptly.

Q: Will my information be shared?
A: Your information is shared only with regulatory authorities when legally required. It is never sold or shared with third parties.

15. Regulatory Framework

This KYC Policy complies with:

  • Anjouan Offshore Finance Authority (AOFA) Gaming License Regulations

  • Belize Money Laundering and Terrorism (Prevention) Act

  • Financial Action Task Force (FATF) Recommendations

  • International AML/CFT Standards and best practices

Our regulatory authorities may request information about your account. We are obligated to cooperate fully with regulatory investigations.

16. Contact and Support

If you have questions about this KYC Policy or need assistance:

Email: [email protected]

Support Hours: Monday-Friday, 09:00-18:00 (UTC+1)

17. Policy Updates

This KYC Policy may be updated periodically to reflect regulatory changes, new threats, or operational improvements.

Notice of Changes: We will notify customers of significant changes to this policy. Your continued use of our services constitutes acceptance of updated policies.

18. Acceptance and Acknowledgment

By registering for an account with Onmidev Ltd, you:

  • Acknowledge you have read and understood this KYC Policy

  • Consent to the collection and processing of your personal information for KYC purposes

  • Agree to provide accurate and complete information

  • Consent to ongoing monitoring of your account

  • Accept that your account may be restricted or terminated for non-compliance

  • Understand that false information may result in legal consequences

Onmidev Ltd

Anjouan Gaming License Holder

Last Updated: December 3, 2025

Next Review: December 3, 2026

This policy is designed for customers of Onmidev Ltd and is published on our website as part of our commitment to regulatory compliance and transparency. For the complete regulatory-grade KYC and AML Policy submitted to authorities, please contact [email protected].