AML & KYC Policy

1. Overview

Hive Finance S.A. maintains a risk-based AML/CTF framework aligned with EU AMLDs and global standards. We verify customers, monitor activity, and escalate suspicious behavior to competent authorities.

2. KYC / KYB Requirements

• Individuals: Government ID, proof of address, and source of funds for higher tiers.
• Businesses: Incorporation documents, UBOs, directors, and proof of address.
• Sanctions, PEP, and adverse media screening during onboarding and periodically.

3. CDD & EDD

Customer due diligence (CDD) applies to all clients; enhanced due diligence (EDD) is required for higher-risk profiles or jurisdictions.

4. Ongoing Monitoring

• Automated rules and analyst reviews for unusual patterns.
• Periodic KYC refresh and risk reassessment.
• Transaction limits based on risk level and verification status.

5. Recordkeeping

We maintain comprehensive records of identification data, account files, and business correspondence for at least 5 years after the business relationship has ended.

6. Reporting & Cooperation

We file STR/SAR reports as required and cooperate fully with regulators and law enforcement agencies.

7. Training & Governance

Staff receive ongoing AML/CTF training under the oversight of the Chief Risk Officer and compliance committees.

8. Sanctions & Restricted Regions

Services may be restricted in sanctioned or high-risk jurisdictions. These restrictions are regularly reviewed and updated.

9. Contact

For AML/KYC inquiries or reporting, please contact the compliance team at [email protected].