Amazef Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy
Financial Institutional Compliance Notice
As a multi-country marketplace orchestration engine, SWIFT TRADE GLOBAL LTD enforces rigorous standards to eliminate financial crimes, money laundering, and illicit fund flows. This document describes the mandatory identification protocols and monitoring structures required to safeguard transactions processed through our global banking lines.
Section 1
Regulatory Overview & Institutional Rationale
Amazef is owned, operated, and structured globally by SWIFT TRADE GLOBAL LTD, registered under Company Number 16921955 in England and Wales.
Because all cross-border incoming customer transactions are securely collected into Amazef's central corporate processing lines before being disbursed to independent sellers (minus platform commission and taxes), the platform legally functions as an e-commerce marketplace orchestrator.
To guarantee total compliance with the UK Money Laundering Regulations 2017, the Proceeds of Crime Act 2002, and international Financial Action Task Force (FATF) mandates, anonymous trading is completely prohibited.
Section 2
Know Your Customer (KYC) Merchant Onboarding Mandates
No merchant or independent seller can receive disbursements from the "Seller Earnings" engine into their local or Wise accounts without clearing full compliance verification. The following verification parameters must be uploaded and checked by our internal dashboard:
Individual Merchants (Sole Traders)
Valid government-issued photographic identification (Passport, National Identity Card, or biometric residence verification) alongside a current utility bill or bank statement (issued within 90 days) showing clear residential coordinates.
Corporate Entities
Certified Articles of Incorporation, active company lookup registration data, verifiable proof of operational tax or VAT filings, and structural identification of all ultimate beneficial owners (UBOs) holding more than 25% equity.
Financial Settlement Verification
The seller's name or corporate registration must completely match the official name linked to their registered Wise routing coordinates or corporate banking accounts. Cross-account settlement routing to unverified third-party names is strictly rejected by the automated system.
The Amazef backend integrates continuous algorithmic transaction monitoring layers that track sales activities across all regional storefronts (US, UK, UAE, KSA, and Australia).
The system automatically flags and holds merchant settlements if any of the following parameters are violated:
Velocity Spikes
A sudden uncharacteristic spike in transaction numbers or volume within a brief temporal window (e.g., jumping from $100 to $20,000 in gross daily checkouts without corresponding organic promotional tracking).
Disproportionate Order Sizes
Multiple concurrent order submissions originating from identical IP addresses or card numbers targeting a specific independent store profile.
Mismatched Currency Influx
Complex cross-border checkouts designed to bypass systemic regional tracking logic or obfuscate genuine end-buyer origins.
SWIFT TRADE GLOBAL LTD conducts continuous backend administrative screening against international regulatory databases, including the UK Office of Financial Sanctions Implementation (OFSI), the US Office of Foreign Assets Control (OFAC), and United Nations security logs.
Registration Rejection
Individuals or entities located within comprehensive sanctioned zones or identified as Politically Exposed Persons (PEPs) will have their platform registration immediately rejected.
Active Merchant Termination
If an active merchant profile is flagged on an updated international enforcement or freeze registry, their access is terminated immediately, pushing them from the "Working" ledger into the "Banned" section of the Super Admin dashboard, and their active payouts are frozen.
Section 5
Exclusion of Anonymity & Guest Checkout Guardrails
To ensure perfect auditing paths for payment processors (such as Stripe and Wise):
Guest Mode Audits
Unregistered platform users ("Guests") are strictly prohibited from completing checkouts or engaging in financial transactions without converting their profile into an authenticated buyer account featuring validated identity strings.
Virtual Currency Prohibition
Payments can only be settled using certified fiat banking structures linked to valid international networks (Visa, Mastercard, Apple Pay, local debit configurations). No anonymous prepaid instruments or unverified digital currencies are permitted.
In accordance with European and UK statutory guidelines, Amazef maintains all KYC registration data sheets, transaction payloads, and corporate tax submission logs for a mandatory minimum retention window of five (5) years post-account closure.
Amazef reserves the complete legal right to transmit analytical reports or file a Suspicious Activity Report (SAR) with regional financial intelligence agencies (such as the UK National Crime Agency) without notifying the investigated merchant operator.