ZRT By Agrismartchain KYC and AML Policy.

Anti-Money Laundering and Know Your Customer Policy

Agrismartchain ( ZRT Token by Agrismartchain”) Anti-Money Laundering and Know Your Customer Policy (hereinafter – “AML and KYC Policy”) is designated to prevent and mitigate possible risks of Merchant Token being involved in any kind of illegal activity.

 

Both international and local regulations require ZRT Token by Agrismartchain to implement effective internal procedures and mechanisms to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery and to take action in case of any form of suspicious activity from its Users.

 

This AML and KYC Policy applies to both natural and legal persons. Legal entities joining the Merchant Token ICO, which is defined as making a ZRT Token by Agrismartchain purchase in a specific method stated in the clause 4 of this AML and KYC Policy will receive purchased tokens to their BEP-20 address after required AML and KYC procedures that include providing specific documents.

 

AML and KYC Policy covers the following matters:

 

  1. Verification procedures.

 

1.1. Basis

 

1.2. Identity verification

 

1.3. Anti-money laundering procedure

 

1.4. Authenticity verification

 

1.5. Right to report

 

1.6. Continuous basis of information verification

 

1.7. Transaction proceed refusal

 

1.8. Payment cancellation

 

2 Compliance Officer. 2.1. Definition

 

2.2. Duties

 

2.3. Law enforcement

 

  1. Monitoring Transactions.

 

3.1. Data analysis

 

3.2. Suspicious transactions reporting

 

  1. Payment methods

 

4.1. Metamask, payment cards

 

4.2. Payment cards usage control

 

4.3. Metamask transfer control

 

4.4. Address analysis

 

4.5. Liability

 

4.6. Due diligence

 

  1. Risk Assessment.

 

  1. AML and KYC Policy

 

6.1. Acceptance

 

6.2. Privacy Policy

 

  1. Verification procedures.

 

1.1. Basis

 

One of the international standards for the prevention of illegal activities is Know Your Customer (“KYC”). According to the KYC, ZRT Token by Agrismartchain establishes its own verification procedures within the framework of anti-money laundering standards and Know Your Customer.

 

 

1.2. Identity verification

 

ZRT Token by Agrismartchainidentity verification procedure requires the User to provide reliable independent sources of documents, data or information (e.g. ID card, international passport, bank statement, utility bills) every time the User is requested to provide certain information. For AML and KYC Policy purposes, Merchant Token hereby reserves the right to collect User information.

 

1.3. Anti-money laundering procedure

 

ZRT Token by Agrismartchain anti-money laundering procedure requires the User to provide information about the source of the funds the User uses to purchase ZRT Token by Agrismartchain tokens every time the User is requested to provide certain information. ZRT Token by Agrismartchain is not responsible for any errors or omissions in the information provided by the User.

 

1.4. Authenticity verification

 

ZRT Token by Agrismartchain shall take steps to verify the authenticity of documents and information provided by Users, use all legal methods to double-check identification information and hereby reserves the right to investigate the actions of certain Users that have been found risky or suspicious.

 

1.5. Right to report

 

We may therefore report our suspicions regarding any activity of the users to local regulators, enforcement bodies and other compliance bodies. Those kind of actions have a goal of ensuring that the capital being used on our platform has a legitimate origin and create a safeguard in case of individuals or groups wanting to allocate their money from illegal activities on our platform.

 

1.6. Continuous basis of information verification

 

ZRT Token by Agrismartchain hereby reserves the right to verify the User’s identity on a continuous basis, especially when the verification information has been changed or the User’s activity has been deemed suspicious, even if they have already undergone identity verification. User verification information shall be collected, stored, transferred and protected strictly in accordance with Merchant Token’s Data Protection Policy and the relevant rules. Following the verification of User’s identity, ZRT Token by Agrismartchain disclaims potential legal liability in situations where its Services are used for illegal activities.

1.7. Transaction proceed refusal

 

ZRT Token by Agrismartchain may refuse to proceed the transaction of transferring the purchased tokens to the User if the User refuses to provide any demanded information. ZRT Token by Agrismartchain may refuse to issue tokens to the User if:

 

  1. The User does not provide any demanded information to ZRT Token by Agrismartchain and enables to complete any diligence procedures on the User;

 

  1. The User have been previously identified as engaged in suspicious activity;

 

  1. The User is the citizen of a country considered to be exposed to a high risk of money laundering or financing terrorism;

 

  1. The User is listed on a sanctions list in any of the jurisdictions to which ZRT Token by Agrismartchain may transfer purchased tokens, or ZRT Token by Agrismartchain otherwise identifies the User as exposed to a high risk of money laundering or financing terrorism.

 

1.8. Payment cancellation.

 

The User cannot cancel a request to purchase the tokens. ZRT Token by Agrismartchain may cancel the User’s purchase of the tokens if it is impossible to verify User’s identity or conduct any other procedures that ZRT Token by Agrismartchain is required to conduct. ZRT Token by Agrismartchain may not refund User any amount until the User has provided any demanded information required by law.

 

  1. Compliance Officer

 

2.1 Definition

 

The Compliance Officer is the person, duly authorized by ZRT Token by Agrismartchain, whose duty is to ensure the effective implementation and enforcement of the AML and KYC Policy.

 

2.2 Duties

 

It is the Compliance Officer’s responsibility to supervise all aspects of ZRT Token by Agrismartchainanti-money laundering and counter-terrorist financing, including but not limited to:

 

  1. CollectingUser’sidentificationinformation;

 

  1. Establishing and updating internal policies and procedures for the completion, review, submission and retention of all reports and records required under the applicable laws and regulations;

 

  1. Monitoring transactions and investigating any significant deviations from normal activity;

 

  1. Implementing a record management system for appropriate storage and retrieval of documents, files, forms and logs;
  2. Updating risk assessment regularly;

 

  1. Providing law enforcement with information as required under the applicable laws and regulations.

 

2.3 Law enforcement

 

The Compliance Officer is entitled to interact with law enforcement, which are involved in prevention of money laundering, terrorist financing and other illegal activity.

 

2.4 Contact with the clients and authorities

 

The Compliance Officer is obliged to communicate effectively with the clients and authorities having any complaints or questions that are being addressed to him regarding the ZRT Token by Agrismartchain AML and KYC Policy as also its implementation in order to ensure the transparency and credibility of the platform. The address to contact the Compliance Officer is compliance@agrismartchain.com or support@agrismartchain.com. Any kind of correspondence sent to the Compliance Officer will be addressed by him within the time frame of 5 working days.

 

  1. Monitoring transactions

 

3.1 Data analysis

 

User verification is carried out not only by checking their identity, but also by analyzing transaction models. ZRT Token by Agrismartchain therefore relies on data analysis as a tool for assessing risk and identifying suspicions. ZRT Token by Agrismartchain carries out many regulatory compliance tasks, including data collection, filtering and record keeping.

 

3.2 Suspicious transactions reporting

 

With regard to the AML and KYC Policy, ZRT Token by Agrismartchain will monitor all transactions, and it reserves the right to ensure that transactions of suspicious nature are reported to the proper law enforcement through the Compliance Officer and request the User to provide any additional information and documents in case of suspicious transactions. Compliance Officer will monitor User’s transactions on a day-to-day basis in order to define whether such transactions are to be reported and treated as suspicious or are to be treated as bona fide.

  1. Payment methods

 

4.1 Metamask, Payment Card, BNB, ETH Direct Deposit or Wire transfer

 

The User may purchase ZRT Token by Agrismartchain tokens by linking the Metamask wallet and managing the BNB and Ethereum deposit, or by card or wire transfer. To carry out a transaction in a chosen way, the User must follow the relevant instructions on the ZRT Token by Agrismartchain site.

 

4.2 Payment cards usage control

 

ZRT Token by Agrismartchain may refuse to complete or block, cancel or reverse a transaction of the ZRT Token by Agrismartchain token purchase made with payment cards usage if the User is suspected of money laundering, terrorist financing, fraud, any other financial crime, or any other illegal action. ZRT Token by Agrismartchain is under no obligation to disclose the details of its credit card risk management and security procedures to the User.

 

4.3 Metamask transfer control

 

ZRT Token by Agrismartchain may refuse to complete or block, cancel or reverse a transaction of the ZRT Token by Agrismartchain token purchase made with Metamask (MetaMask c/o ConsenSys, 49 Bogart Street, Brooklyn NY 11206) usage if the User is suspected of money laundering, terrorist financing, fraud, any other financial crime, or any other illegal action.

 

4.4 Address analysis

 

ZRT Token by Agrismartchain may analyze the cryptocurrency addresses against common blacklists and known security discrepancies, to ensure that the funds do not come from illicit sources, and there are no signs of money laundering (location, layers, integration), either manually or using a third-party service.

 

4.5 Liability

 

ZRT Token by Agrismartchain has no control over, or liability for, the delivery, quality, safety and legality or any other aspect of any goods or services received or purchased from  Metamask.

 

  1. Risk assessment

 

ZRT Token by Agrismartchain, in accordance with international requirements takes a risk-based approach to combating money laundering and the financing of the terrorism. By applying a risk-based approach, ZRT Token by Agrismartchain can ensure that measures to prevent or mitigate money laundering and terrorist financing are proportionate with the identified risks. This makes it possible for resources to be allocated in the most efficient way. The principle is to allocate resources corresponding to priorities so that the highest risks are given the closest attention.

 

  1. AML and KYC Policy

6.1 Acceptance

 

By joining the ZRT Token by Agrismartchain ICO, which is defined as making a ZRT Token by Agrismartchain purchase in a specific method stated in the clause 4 of this AML and KYC Policy, the User accepts the terms of this AML and KYC Policy and hereby agrees to have read, understood and accepted the Terms of Use and Data Protection Policy available at: https://ico.zeratoken.com. In addition, when using certain services, the User may be subject to additional agreements applicable to such services. The User must stop using the services and the website if they do not agree with the AML and KYC Policy and the Terms of Use and Data Protection Policy.

 

6.2 Privacy policy

 

User’s identification information will be collected, stored, shared and protected strictly in accordance