Compliance and Know Your Customer (KYC) Policy for Checkless.io
Last Updated: March 16, 2025
1. Introduction
Checkless.io ("Checkless," "we," "us," or "our") adheres to strict regulatory and compliance standards, including Know Your Customer ("KYC") and Anti-Money Laundering ("AML") regulations. This policy ensures we maintain integrity and security in all transactions processed through our platform.
2. Purpose
The purpose of this policy is to prevent fraud, money laundering, identity theft, and other financial crimes, ensuring the safety and reliability of our services.
3. Scope
This policy applies to all users and businesses engaging with Checkless services, including restaurants, enterprises, individual customers, and affiliates.
4. User Identification and Verification
All users must provide accurate and complete identification information.
Checkless collects and verifies user data, including:
- Full legal name
- Date of birth
- Residential address
- Valid government-issued identification
- Contact information (email, phone number)
Verification processes may include document checks, biometric identification, electronic verification, and third-party verification services.
5. Business Identification and Verification
Businesses and enterprises must submit complete registration information, including:
- Legal business name and address
- Tax Identification Number (EIN)
- Beneficial ownership details
- Business licensing documentation
Checkless reserves the right to conduct on-site inspections and request additional documentation.
6. Risk Assessment
Checkless applies a risk-based approach, assigning risk ratings to users and businesses based on various criteria, including transaction patterns, geographic location, and business activities.
Enhanced due diligence (EDD) is applied to higher-risk accounts and transactions.
7. Transaction Monitoring
Checkless continuously monitors transactions using advanced algorithms and manual reviews to detect and prevent suspicious activities.
Unusual patterns or transactions trigger additional verification and possible account suspension pending investigation.
8. Reporting Obligations
Checkless complies with all legal obligations for reporting suspicious activities to relevant authorities, including the Financial Crimes Enforcement Network (FinCEN) and other applicable regulatory agencies.
Users consent to such reporting as necessary to comply with applicable laws and regulations.
9. Record Keeping
Checkless maintains accurate and secure records of all user and transaction data in accordance with applicable laws, including the California Consumer Privacy Act (CCPA) and other relevant legislation.
Records are retained for a minimum of five (5) years from account closure or transaction completion, whichever occurs later.
10. Cooperation with Regulatory Authorities
Checkless cooperates fully with local, state, and federal regulatory authorities and law enforcement agencies in investigations related to financial crimes.
11. User Obligations
Users must promptly provide Checkless with updated information upon request.
Failure to provide requested information may result in suspension or termination of account access and services.
12. Training and Compliance
Checkless provides regular training for its staff regarding compliance policies, KYC procedures, and fraud detection methodologies.
A designated compliance officer oversees adherence to regulatory standards and this policy.
13. Policy Violations
Violations of this policy may result in immediate termination of accounts, reporting to law enforcement authorities, and potential legal action.
14. Amendments
Checkless reserves the right to amend this Compliance and KYC Policy. Updates become effective immediately upon posting to our website.
15. Contact Information
For compliance-related questions, concerns, or reports, please contact us:
Email: support@checkless.io
Website: www.checkless.io
By using Checkless.io, you agree to abide by this Compliance and Know Your Customer Policy and cooperate fully with its implementation.