AML and KYC Policy

Purpose

The AML policy aims to:

• Detect and prevent money laundering activities.
• Mitigate risks associated with fraudulent financial activities.
• Ensure compliance with local and international AML regulations.

Prohibited Activities

GetTiket prohibits the use of its platform for:

• Laundering proceeds from illegal activities.
• Financing terrorism or other illegal operations.
• Fraudulent activities or transactions.

Responsibilities

GetTiket prohibits the use of its platform for:

1. Compliance Officer: GetTiket will designate a Compliance Officer responsible for monitoring and enforcing AML measures.
2. Record-Keeping: All financial transactions will be recorded and stored securely for at least five (5) years.
3. Transaction Monitoring: GetTiket will employ automated tools to monitor unusual or suspicious transactions.
4. Reporting: Any suspicious activities will be reported to relevant authorities as required by law.

KYC/CDD Requirements

All vendors and event organizers must provide the following:

1. Proof of Identity:

   • For individuals: A government-issued ID (e.g., passport, driver’s license, or national ID).
   • For businesses: Certificate of Incorporation, business registration documents, and identification of key stakeholders.

2. Proof of Address:

   • A recent utility bill, bank statement, or official document showing the registered address.

3. Bank Details:

   • Bank account details for payouts, including proof of account ownership.

4. Tax Information:

   • Taxpayer Identification Number (TIN) or equivalent.

Verification Process

1. Document Submission: Vendors must upload the required documents during the registration process on GetTiket's platform.
2. Document Review: The Compliance Team will review the documents for accuracy and authenticity.
3. Approval: Upon successful verification, the vendor account will be approved. Incomplete or fraudulent submissions will result in rejection.

Ongoing Monitoring

• Regular Audits: Periodic reviews of vendor accounts to ensure continued compliance.
• Suspicious Activity Monitoring: Transactions flagged for irregularities (e.g., large sums or rapid withdrawals) will be investigated.

Enhanced Due Diligence (EDD)

In cases where vendors or organizers are deemed high-risk (e.g., based in high-risk jurisdictions or engaging in high-value transactions), additional verification steps will be required:

• Collection of additional documentation.
• More detailed scrutiny of transactions.

Vendor Responsibilities

All vendors are required to:

• Comply with GetTiket's AML and KYC/CDD policies.
• Provide accurate and up-to-date information.
• Notify GetTiket immediately of any changes to their account details or legal status.