Purpose of KYC and AML Compliance: Goodsluck is committed to adhering to regulatory requirements and best practices for preventing money laundering and fraud. As part of our Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, we require all users and sellers to undergo identity verification to ensure the safety and integrity of our platform.
Overview of KYC and AML Procedures: Goodsluck follows strict KYC and AML procedures to verify the identity of users and sellers. These procedures are designed to prevent financial crimes, such as money laundering, and to ensure that all users are operating legally. Our KYC and AML process is conducted at the time of account creation and may be revisited periodically, as deemed necessary by our compliance team.
Documents Required for KYC Verification: To complete the identity verification process, users and sellers must provide certain documents to verify their identity and address. These may include:
Verification Process: Once the required documents are provided, Goodsluck’s compliance team will review the submitted documents. The verification process may take several business days. If the documents are acceptable, the user or seller will be cleared to proceed with platform activities. If the documents are incomplete or unclear, the user or seller will be asked to provide additional documentation or clarification.
Storage of Personal Data: Goodsluck takes the protection of user data seriously. All personal data provided during the KYC process, including identification documents, proof of address, and selfies, are securely stored in our encrypted databases. Access to this data is restricted to authorized personnel only.
Retention of Data: Goodsluck retains KYC documentation for a period required by law or for as long as the user remains active on the platform. The retention period may vary depending on the jurisdiction and applicable regulatory requirements. After the retention period expires, data will be securely deleted or anonymized.
Data Deletion Requests: Users have the right to request deletion of their personal data at any time, subject to applicable laws and regulations. If you wish to request the deletion of your data, please contact us via our support channels. Please note that certain data may be retained for legal and regulatory reasons even after your account is closed.
Adherence to AML and KYC Regulations: Goodsluck complies with all applicable local and international laws regarding Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. We may update our KYC and AML procedures in response to changes in relevant laws or regulatory guidelines.
Suspicious Activity Monitoring: Goodsluck actively monitors user activity for signs of suspicious behavior or potential money laundering. If any suspicious activity is detected, we will take appropriate action, including freezing accounts, reporting to relevant authorities, or conducting additional investigations.