Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy
1. Introduction

The Quantum Reserve Ledger (QRL) is committed to maintaining the highest levels of security, transparency, and regulatory compliance. This AML & KYC Policy outlines the measures taken to prevent illegal activities such as money laundering, fraud, and terrorist financing.

2. Purpose

This policy ensures that all users of the Quantum Financial System (QFS) comply with international financial regulations and that QRL remains a secure platform for legitimate transactions.

3. Know Your Customer (KYC) Policy

QRL requires all users to complete the KYC verification process before gaining access to financial services. The following steps are mandatory:

3.1 User Verification Requirements

All users must provide:

  • Full Name (As per government-issued ID)

  • Date of Birth

  • Nationality & Residential Address

  • Valid Government-Issued Identification (Passport, National ID, or Driver’s License)

  • Proof of Address (Utility Bill, Bank Statement, or Rental Agreement)

  • Selfie for Facial Verification (Matching the provided ID document)

3.2 Business & Institutional KYC

For corporate accounts, the following documents are required:

  • Certificate of Incorporation

  • Business Registration Number

  • Company Address & Contact Details

  • List of Directors & Beneficial Owners

  • Proof of Business Activity (Financial Statements, Contracts, or Invoices)

3.3 Ongoing Monitoring & Re-KYC
  • Users may be required to update their KYC documents periodically.

  • High-risk transactions will trigger additional verification steps.

  • Accounts flagged for suspicious activity may be subject to review and potential suspension.

4. Anti-Money Laundering (AML) Policy

QRL adheres to global AML standards, including:

4.1 Transaction Monitoring
  • All transactions are automatically monitored for unusual patterns.

  • Suspicious transactions are flagged and may be reported to financial authorities.

  • Large transactions exceeding regulatory limits require additional verification.

4.2 Prohibited Activities

Users must not engage in:

  • Money laundering or terrorist financing.

  • Fraudulent or deceptive financial activities.

  • Transactions with sanctioned individuals or countries.

4.3 Suspicious Activity Reporting (SAR)
  • QRL reserves the right to freeze accounts suspected of engaging in illicit activities.

  • Reports of suspicious activity will be forwarded to relevant regulatory bodies.

5. Compliance with International Regulations

QRL complies with AML/KYC requirements from:

  • Financial Action Task Force (FATF)

  • European Union AML Directives

  • Bank Secrecy Act (BSA) in the U.S.

  • UK Money Laundering Regulations

  • Other jurisdictional financial authorities

6. Enforcement & Penalties
  • Users who fail to comply with KYC/AML policies may have their accounts restricted or terminated.

  • Legal action may be taken against individuals or entities involved in fraudulent activities.

7. Contact & Support

For any AML/KYC-related inquiries, contact our Compliance Team at info@quantumreserveledger.net