The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006 designed to detect and prevent money laundering and terrorism financing. EasyHawala takes the implementation of the AML/CTF Act seriously and has voluntarily taken comprehensive steps to implement an assertive AML/CTF Program which is benchmarked against the obligations set out with-in the AML/CTF Act and the AML/CTF Rule-set.
EasyHawala Company pursues a clear and consistent policy against money laundering and any other illegal activities in the financial field. Following EasyHawala policy, employers and customers (individuals and legal entities) of this exchange service have to abide by certain requirements and rules.
As a business that performs financial transactions between individuals and entities, EasyHawala is responsible for and committed to compliance with all applicable laws and regulations regarding Anti-Money Laundering (“AML”). We will make reasonable efforts to detect and prevent people engaged in any criminal activity in any jurisdiction from using our account or transactional services (“the Services”).
EasyHawala introduced a risk-based methodology based on the requirements of the AML/CTF Act and Rules to collect and verify certain information to confirm customer identities. Controls, processes and procedures have been developed to capture this information based on EasyHawala 's risk tolerance.
We are further required to obtain and record information and documentation that helps confirm your identity or provides additional information regarding your use of the Services. If we cannot confirm this information, we may require additional documents to verify your identity. We may ask for this information at any time before, during or after your use of the Services.
In order to comply with anti-money laundering laws, all users need to verify their identity. KYC is done in five steps by submitting the relevant documents.
- Email Verification: After registering with EasyHawala , a confirmation link will be sent to your email address. By confirming this link, the first step of KYC will be done.
- Confirmation of ID card or license or passport: At this stage, by uploading a quality photo of any of the above, your identity will be confirmed.
- Confirmation of mobile and landline number: By entering the mobile number, the confirmation code will be sent to your mobile phone, by entering the landline number, you will be contacted and the code will be given. By entering both codes in EasyHawala , your mobile and landline phone will be approved.
- KYC image: At this stage, it is necessary to present a selfie in accordance with the specified pattern. This image is matched with your identity information through artificial intelligence technology, and if approved, your account will be verified.
EasyHawala has implemented controls and processes to monitor customers and transactions against prescribed lists and/or Transaction Monitoring Process (TMP) Trigger Points, to ensure that we do not knowingly participate in any transaction that facilitates terrorism financing or violating any part of the the laws, which apply to traditional and financial sector participants.