moolyacoin KYC & AML Policy

moolyacoin KYC and AML Policy

Policy statement:

moolyacoin is committed to complying with relevant global Anti Money Laundering (“AML”) and Terrorist Financing rules, regulations and guidelines. As part of its AML obligations the firm carries out a ‘Know Your Customer (KYC)’ process with all subscribers/ applicants to meet tis requirements.


This Policy applies to all moolyacoin sale registration/whitelisting users.

moolyacoin clients may be engaged in ICO participation. moolyacoin clients who hold funds on their trading accounts will have to make a new deposit in order to invest in ICO. Transfers from trading accounts will not be accepted.

Due diligence


Participants will be required to provide the following information to create a ‘subscription/account’;

  • Name (First and Last)
  • Date of Birth
  • Nationality
  • Address
  • Source of Funds
  • Public Address of the cryptowallet (If cryptocurrency is being transferred)
  • Country of Residence
  • City of Residence
  • Tax Country
  • Passport copy – Front and Back (MRZ included)
  • Selfie photo
  • Any other information as may be required during registration/KYC as per regulations


Corporates are required to provide the following information:

  • Certificate of Incorporation
  • Memorandum and articles of association
  • Shareholders and directors details (including ID and address verifications of significant shareholders e.g. those owning more than 25% equity)

Jurisdiction Assessment:

The risk profile will be established though an individual/corporates country of residence.

Standard risk Profile:

All countries except for:

  • Lebanon
  • Burundi
  • Congo
  • Somalia
  • Yemen
  • Zimbabwe
  • Libya
  • Venezuela
  • South Sudan

The above are deemed higher risk and will be required to provide more KYC documents (Eg: Passport copy/Driving License/Utility Bill etc.).

Sanctions countries:

The following countries are known FATF, US, EU sanctions and residents are NOT permitted, however nationals (of these countries) will need to prove permanent residency in the permitted jurisdiction e.g. a North Korean national residing in the UK will need go through enhanced due diligence:

  • North Korea
  • Syria
  • Iran
  • Iraq
  • Ethiopia
  • Burma
  • Code d’Ivoire
  • Sudan


Due to domestic regulations, moolyacoin does not deal with residents/citizens from the following countries:

  • United States of America
  • People’s Republic of China

However, nationals (of these countries) are allowed if they provide proof of permanent residency in a permitted jurisdiction.

 Simplified Due diligence:

Simplified due diligence will be performed on those customers who choose to deposit less than $US 2,000. Simplified due diligence will include electronic name check.

moolyacoin will conduct a number of electronic checks, including Peps and Sanctions using the KYC3 application and database.

Applicant’s names that are drawn on an electronic check may be requested to provide additional data and documentation.

Simplified DD will be also performed on all customers upon deposits.

Standard Due Diligence:

Standard due diligence will be performed on those customers who choose to deposit more than $US 2,000.

The standard due diligence requirement is to provide ID & address verification documentation that matches the name and details on the applicant, is in date government issued (for ID) and can be independently verified. Address verification proof should be valid for atleast 2 months from the date of completion of the moolyacoin ICO.

Enhanced Due diligence:

On some occasions, certain applicant segments or applicants may be required to undergo an EDD procedure, to meet this requirement they will be required to provide additional documents e.g. if a Passport has already been provided then a Driving License or national ID card.

Private Sale:

Investors who participate in Private Sale must go through Standard DD / Enhanced DD upon decision to back us, based on regulatory requirements and jurisdiction.

Pre-Sale/Crowd Sale:

ICO backers who participate in Pre-Sale/Crowd Sale must go through applicable DD before transferring the funds / ETH in the whitelisting page as made available at