S91 AML & KYC Policy

Prevent Money Laundering

The S91 AML & KYC Policy supports measures intended to prevent the Platform from being used for money laundering or other illegal financial activities.

Prevent Fraud

AML and KYC controls also help S91 identify and prevent potentially fraudulent behaviour involving accounts, transactions and other Platform activities.

Protect S91 Users

Identity checks, transaction monitoring and risk reviews are used as security measures to help protect users and the Platform from suspicious or fraudulent activity.

Support Legal and Regulatory Compliance

S91 applies its AML and KYC measures to support compliance with applicable laws and regulations governing the Platform and relevant financial activities.

When S91 May Request KYC

S91 may request identity verification (KYC) before allowing a user to access certain Platform services. This may include verification before a withdrawal can be processed.

Government-Issued Identification

As part of KYC, S91 may request a valid government-issued identification document to verify the user’s identity.

Selfie Verification

Users may also be required to complete selfie verification as part of the identity verification process.

Proof of Residential Address

S91 may request proof of residential address when additional information is required to complete verification.

Verification of Payment Ownership

KYC procedures may include verification of payment ownership to confirm information associated with payment activities on the Platform.

Incomplete KYC Verification

Users who do not complete a requested identity verification process may have limited access to certain S91 Platform features.

Deposits and Withdrawals

S91 may monitor deposits and withdrawals to identify unusual transaction activity and potential security or compliance concerns.

Buyback Transactions

Buyback transactions may also be monitored as part of S91’s measures for detecting suspicious or fraudulent behaviour.

Reward Claims

S91 may review reward claims where necessary to identify unusual activity, potential abuse or other suspicious behaviour.

Unusual Transaction Patterns

Transaction monitoring may include identifying unusual transaction patterns that could indicate fraud, money laundering or other prohibited financial activity.

Multiple Account Activities

S91 may monitor multiple account activities as part of its security and compliance procedures. Such monitoring helps identify potentially suspicious or fraudulent account behaviour.

Additional Supporting Documents

If suspicious activity is detected, S91 may request additional supporting documents to review the account or transaction in greater detail.

Delay Transaction Processing

Transaction processing may be delayed when further investigation or verification is required as part of a risk review.

Reject Withdrawal Requests

S91 may reject a withdrawal where suspicious activity or relevant risk concerns are identified during its review.

Temporarily Freeze an Account

Where necessary to protect users and the Platform, S91 may temporarily freeze an account while suspicious activity is reviewed.

Suspend Platform Access

S91 may also suspend access to Platform services when security, fraud or compliance concerns require further review.

Transaction Records

S91 may retain transaction records for as long as required by applicable laws or for legitimate business purposes.

Verification Documents

Documents and information collected for identity verification may also be retained for the period required by applicable laws or legitimate business purposes.

Cooperation with Regulatory Authorities

S91 reserves the right to cooperate with regulatory authorities where required by law. This may involve relevant information or records where legally required.

Fraudulent or Illegal Activities

Users found engaging in fraudulent, illegal or money laundering activities may have their S91 accounts suspended or permanently terminated.

Protecting the Platform

S91 uses identity verification, transaction monitoring and risk review measures to support a secure Platform and reduce the risk of prohibited financial activities.

Changes to the Policy

S91 may update its AML & KYC Policy from time to time to reflect changes to Platform practices or applicable requirements.

Latest Policy Version

The latest version of the S91 AML & KYC Policy will always be made available on the Platform. Users should refer to the current published version when reviewing the applicable requirements.

What does AML mean on S91?

AML means Anti-Money Laundering. S91 uses AML measures to help prevent money laundering, fraud and other illegal financial activities on the Platform.

What does KYC mean on S91?

KYC means Know Your Customer. It refers to identity verification procedures that S91 may require before users can access certain Platform services.

Does S91 require KYC for every user?

S91 may request KYC before allowing access to certain services. The policy does not state that every user will necessarily undergo the same verification process.

Is KYC required before an S91 withdrawal?

S91 may request identity verification before withdrawals or before allowing access to certain other services.

What documents can S91 request for KYC?

Verification may include government-issued identification, selfie verification, proof of residential address and verification of payment ownership.

What happens if I do not complete KYC?

Users who fail to complete requested verification may have limited access to certain Platform features.

What transactions can S91 monitor?

S91 may monitor deposits, withdrawals, Buyback transactions, reward claims, unusual transaction patterns and multiple account activities.

What happens if S91 detects suspicious activity?

S91 may request additional documents, delay transaction processing, reject withdrawals, temporarily freeze accounts or suspend Platform access depending on the circumstances.

Does S91 retain KYC and transaction records?

Yes. S91 may retain transaction records and verification documents for as long as required by applicable laws or legitimate business purposes.

Can an account be terminated for money laundering or fraud?

Yes. Users found engaging in fraudulent, illegal or money laundering activities may have their accounts suspended or permanently terminated.