Compliance

  • USD1 Limited adheres to a full Institutional grade compliance vetting protocol which is undertaken for each issuance and redemption of USD1

  • This protocol is compliant with global FATF recommendations, the international anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT) standards, and the FATF methodology to assess the effectiveness of AML/CFT systems

  • There is a minimum level of compliance that needs to be achieved to qualify as an issuer or redeemer of USD1

  • Client data and records are kept as per regulatory requirements

  • Annual refresh of client details is undertaken, and clients will have to undertake onboarding again if this refresh fails or they refuse to reply

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