1. Introduction

    Riyadex Financials Ltd. continuously monitors its exposure to AML risk and upholds the principles of integrity, accountability, and regulatory compliance.

    We believe that understanding our clients thoroughly enables us to effectively manage risks, ensure compliance, and report any unusual or suspicious activity to relevant authorities as required under applicable laws and regulations.

  2. Know Your Customer (KYC) & Client Due Diligence (CDD) Policy
    Client Due Diligence (CDD)

    CDD is a fundamental process whereby the Company must:

    • Confirm the true identity of clients.
    • Verify whether the client is acting on behalf of another party.
    • Confirm that there are no legal or sanctions-related barriers to servicing the client.
    • Understand the nature of the client's business and expected activity.
    • Assist regulatory or law enforcement bodies with any investigations, where applicable.

    CDD measures include:

    • Identifying and verifying the client’s identity.
    • Identifying and verifying the Ultimate Beneficial Owner (UBO).
    • Gathering information on the purpose and intended nature of the business relationship.
    Know Your Customer (KYC)

    The KYC process is central to assessing the legitimacy of our clients and preventing financial crime. This includes identity verification and background screening based on international AML standards.

    For Natural Persons:

    • Full Name
    • Date of Birth
    • Nationality
    • Residential Address
    • Origin of Funds
    • Occupation and Employer Name

    Documents Required:

    • Valid government-issued photo ID
    • Proof of address (not older than 3 months)

    For Legal Entities:

    • Company Name
    • Incorporation Number and Date
    • Country and Registered Address
    • Ownership Structure and Beneficial Owners
    • Directors' Proof of Identity

    Documents Required:

    • Certificate of Incorporation
    • Memorandum & Articles of Association
    • Proof of registered address
    • Board Resolution authorizing the account
    • ID and address proof of directors and UBOs

    Failure to provide complete or accurate KYC documentation may lead to account suspension or denial of services.

  3. Transaction Monitoring

    Riyadex Financials Ltd. implements robust transaction monitoring systems to identify suspicious patterns, including:

    • Unusually large transactions
    • Rapid movement of funds
    • Inconsistencies with customer profiles
    • Transactions involving high-risk jurisdictions

    Where suspicious activity is identified, the Company may:

    • Freeze the transaction or account
    • Conduct internal investigations
    • Submit a Suspicious Transaction Report (STR)

    Confirmed cases of fraud or money laundering may result in account closure and forfeiture of funds in accordance with the law.

  4. Record Keeping

    Client identification data, transaction records, and STR filings are retained for a minimum of five (5) years after termination of the business relationship and are made available to authorities upon lawful request.

  5. Training and Awareness

    All relevant staff receive AML/KYC training and regular updates to ensure awareness of regulatory obligations and emerging financial crime risks.

  6. Policy Review and Updates

    This AML Policy is reviewed periodically and may be updated without prior notice to remain aligned with legal and regulatory requirements.

  7. Contact

    For AML-related inquiries or to report suspicious activity:
    Email: [email protected]
    Registered Address: 1 Edgemere Road Elfindale Capetown Western Cape 7945, South Africa.