AML/KYC Policy

Company name:	Doobyt LLC
Registration Number:	4100 LLC 2025
Office Address:	PO Box 2804, Kingstown, St. Vincent and the Grenadines

1. Intro

This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy is designed to minimize the risks of money laundering, fraud, and other illegal activities. The summary below outlines the main points of our policy. For full details, please reach out to customer support. Doobyt LLC is obligated by both local and international laws to implement strong AML measures. These include preventing activities such as terrorist financing, trafficking, proliferation of weapons, corruption, and bribery. The company must also take swift action when any suspicious behavior is detected.

2. Core principles

· AML Procedures: Confirm the identity of customers, maintain proper records, monitor for suspicious activity, and report it internally as needed.
· Ensure all employees understand and follow AML protocols.
· Provide relevant staff with training on AML procedures.
· Any external legal or regulatory requests must be directed to the AML Compliance Officer (AMLCO).

3. Identity verification

When a new customer submits identity documents, the company must confirm that these documents are valid and sufficient. While third-party verification tools may be used, the company remains ultimately responsible for compliance.
Customer data is handled in accordance with the company’s Privacy Policy and GDPR regulations.

4. Transaction monitoring

Ongoing account and transaction monitoring helps detect potential money laundering or terrorist financing. It is the AMLCO’s duty to implement and refine these monitoring processes.

5. Sanctions compliance

Doobyt LLC strictly adheres to international sanctions and does not engage with sanctioned individuals, entities, or countries as defined by authorities like the UN or EU.
To comply, we screen all clients, partners, and transactions against global sanctions lists. Any violations lead to immediate suspension and reporting to regulatory bodies.

6. Restricted countries

To comply with global AML standards, services are not provided to individuals in certain high-risk regions. These jurisdictions are identified based on international assessments.
The full list of restricted countries is included in the complete AML policy, available upon request. The list is updated regularly and takes effect immediately upon policy revision.

7. Risk-based approach

Doobyt LLC uses a risk-based method to target higher-risk areas for money laundering and terrorist financing. The AMLCO continually reviews and improves these practices. This approach includes
· Recognizing that risk varies based on customers, regions, and services.
· Allowing directors to classify customers by business risk.
· Enhancing efficiency in AML efforts.
· Prioritizing resources based on assessed risk.
· Customizing internal policies to match the company’s profile.

Contact Us:

For any questions or further details about this policy, feel free to reach out: Email: support@doobyt.io