Last Updated: 3rd October, 2025

At Glover Trade, we are fully committed to maintaining the highest standards of integrity, transparency, and compliance with international Anti-Money Laundering (AML) and Counter–Terrorist Financing (CTF) regulations.

This AML/KYC Policy outlines how we identify, verify, and monitor our users to prevent illegal activity, protect our investors, and uphold the integrity of the crypto ecosystem.

1. Purpose

The purpose of this policy is to:

• Prevent the use of Glover Trade for money laundering, terrorist financing, or other criminal activities;
• Ensure compliance with global AML and KYC regulations;
• Establish clear internal procedures for customer verification and suspicious activity reporting;
• Protect the reputation and operational integrity of Glover Trade.

2. Legal Framework

Glover Trade adheres to AML/CTF standards set by:

The Financial Action Task Force (FATF) recommendations;

• Applicable national and international laws;
• Global crypto asset regulatory guidelines;
• Data protection and financial security standards (GDPR-compliant).
• We also cooperate with law enforcement and financial authorities where required by law.

3. KYC (Know Your Customer) Requirements

Before accessing our platform’s investment or trading services, all users must complete identity verification.
This process ensures the legitimacy of user accounts and protects against fraudulent activity.

3.1 Information Collected

We may collect and verify the following information:

• Full legal name;
• Date of birth;
• Nationality and country of residence;
• Valid government-issued ID (passport, national ID, or driver’s license);
• Proof of address (utility bill or bank statement dated within the last 3 months);
• Source of funds or wealth (in certain cases).

3.2 Enhanced Due Diligence (EDD)

For higher-risk users or large transactions, additional checks may be required, including:

• Verification of income source;
• Declaration of investment purpose;
• Additional documentation or video verification;
• Screening against international sanctions and watchlists (OFAC, UN, EU).
• Failure to provide requested documents may result in delayed or rejected account activation.

4. Account Monitoring

Glover Trade continuously monitors user activity to detect suspicious or irregular transactions, including:

• Sudden increases in trading volume or deposit frequency;
• Multiple accounts using the same identification;
• Transactions inconsistent with a user’s declared profile;
• Rapid movement of funds through multiple wallets or exchanges.

Suspicious transactions may trigger an internal review and potential temporary account freeze pending verification.

5. Transaction Limits and Reporting

We maintain internal thresholds to manage AML risk, such as:

• Daily and monthly deposit/withdrawal limits;
• Flagging transactions exceeding predefined thresholds;
• Reviewing large or high-frequency trades.
• If a transaction appears suspicious, Glover Trade will:
• Conduct an internal investigation;
• Request clarification or documentation from the user;
• File a Suspicious Activity Report (SAR) with the appropriate authority, if required by law.

6. Record Keeping

We securely store all user verification data, transaction history, and communications for a minimum of five (5) years after account closure, in compliance with AML/CTF regulations.

This data is encrypted and only accessible to authorized compliance officers.

7. Employee Training and Compliance Oversight

All Glover Trade employees and agents receive ongoing AML training to recognize, prevent, and report suspicious activity.
We maintain a designated Compliance Officer responsible for:

• Overseeing AML/KYC procedures;
• Updating policies in line with regulatory changes;
• Reporting suspicious transactions to relevant authorities.

8. Cooperation with Authorities

Glover Trade fully cooperates with regulatory bodies, law enforcement agencies, and financial intelligence units (FIUs).
We may share user data or transaction records upon official request, in accordance with applicable data protection laws.

9. Prohibited Activities

Users may not use the Glover Trade platform for:

• Money laundering or terrorist financing;
• Fraud, scams, or Ponzi-related schemes;
• Sale of illegal goods or services;
• Concealment of the origin of funds;
• Transactions involving sanctioned individuals, countries, or entities.

Violation of this policy may result in immediate account suspension or termination and notification to law enforcement authorities.

10. User Responsibility

By creating an account on Glover Trade, you agree to:

• Provide accurate and truthful information;
• Update your KYC data when requested;
• Refrain from using the platform for unlawful activities;
• Cooperate with our compliance team during verification or investigations.

Failure to comply with AML/KYC procedures may result in restricted access or account closure.

11. Updates to this Policy

We reserve the right to modify this policy at any time to reflect new regulatory requirements or operational changes.
Any updates will be published on this page with the date of revision clearly indicated.

12. Contact Information

For questions regarding this policy or the verification process, please contact our Compliance Department:

📧 compliance@glovertrade.io

🌐 www.glovertrade.io