HugeOne Ltd. ("HugeOne", "we", "us", or "our") is committed to ensuring the safety, integrity, and compliance of its platform by implementing robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. These procedures align with international standards, including those set by the Financial Action Task Force (FATF) and the European Union's AML Directives.
1. Policy Purpose
This KYC/AML Policy establishes the procedures and controls implemented by HugeOne to:
- Prevent the use of our platform for money laundering, terrorist financing, and other financial crimes.
- Identify users, verify their identities, and monitor their activity.
- Comply with applicable laws and regulations in all jurisdictions where we operate or offer services.
2. Scope of the Policy
This Policy applies to all users accessing HugeOne.io (investors, startups, or platform members) and all transactions, including investments and fund withdrawals.
3. User Verification Process (KYC)
A. Individual Verification
Users may be required to submit:
- Full legal name.
- Date of birth.
- Country of residence.
- Valid government-issued photo ID (passport, driver's license, national ID).
- Proof of address (utility bill, bank statement within the last 3 months).
- Selfie or biometric confirmation (liveness check).
B. Corporate/Startup Verification
Startups applying to fundraise must submit:
- Company name and registration documents.
- List of directors and beneficial owners.
- Corporate address and tax identification number.
- Certificate of incorporation and/or business license.
- AML/Compliance officer contact (if applicable).
4. Risk-Based Approach (RBA)
HugeOne adopts a risk-based approach to assess users and transactions:
- Low — verified individual from a low-risk jurisdiction.
- Medium — startup entities, moderate volume investors.
- High — users from high-risk jurisdictions, large transactions, or complex fund flows.
Enhanced Due Diligence (EDD) is performed for high-risk users.
5. Prohibited Jurisdictions & Sanctions Screening
We do not provide services to individuals or entities located in or associated with:
- Countries sanctioned by the EU, UN, or OFAC (e.g., North Korea, Iran, Syria).
- High-risk countries listed by the FATF.
- Persons on international sanctions or watch lists.
All users are screened against PEP (Politically Exposed Persons) lists and sanctions databases (OFAC, EU, UN, UK, etc.).
6. Ongoing Monitoring
- Transactions are monitored for unusual activity.
- Startups are required to provide milestone updates before each funding disbursement.
- Suspicious Activity Reports (SARs) may be filed with regulatory authorities where applicable.
7. AML Compliance Officer
We designate a dedicated AML Compliance Officer responsible for overseeing KYC/AML implementation and audits, updating this policy to reflect changes in regulations, conducting training and internal reviews, and reporting suspicious activities to authorities if needed.
8. Record Keeping
HugeOne securely retains all user KYC and transaction records for a minimum of 5 years, as required by law, including identity verification documents, transaction logs, and internal risk assessments and communications.
9. User Obligations
Users agree to:
- Provide accurate and truthful information during onboarding.
- Update their details if there are any changes (e.g., new residence or ID).
- Cooperate with KYC re-verification requests.
- Refrain from using HugeOne.io for any unlawful purposes.
10. Consequences of Non-Compliance
HugeOne reserves the right to deny access to platform services, freeze or terminate user accounts, withhold or reverse transactions, and report suspicious users to authorities.
11. Modifications to This Policy
We may revise this KYC/AML Policy periodically. Users will be notified of material changes. Continued use of the platform after policy changes constitutes acceptance.
12. Contact Us
Email: legal@hugeone.io
Website: hugeone.io