AML & KYC Policy

Introduction

Prime Meridian Markets strictly adheres to global Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) guidelines. To maintain a secure financial environment and comply with international regulations, we have implemented a comprehensive Know Your Customer (KYC) protocol.

Know Your Customer (KYC) Requirements

Before engaging in fiat deposits, substantial crypto transfers, or margin trading, users must complete identity verification. Required documentation typically includes:

  • Proof of Identity: A valid, government-issued passport, national ID card, or driver's license.
  • Proof of Residence: A recent utility bill, bank statement, or tax document dated within the last 3 months, clearly showing your name and residential address.
  • Liveness Check: A facial biometric scan or selfie holding the identity document to ensure physical presence.

Anti-Money Laundering (AML) Measures

Our compliance team utilizes advanced analytics and blockchain forensics to monitor all transactions. Our AML measures include:

  • Continuous monitoring of deposits and withdrawals against global sanction lists (OFAC, UN, EU).
  • Blockchain analysis to trace crypto funds originating from mixers, darknet markets, or known ransomware addresses.
  • Reporting of suspicious transactions (STRs) to the relevant financial intelligence units.
  • Prohibiting third-party payments—all funding sources must match the verified name on the account.

Enhanced Due Diligence (EDD)

For high-net-worth clients, institutional accounts, or users transacting exceptionally large volumes, we may require Enhanced Due Diligence. This includes requesting a Proof of Funds (PoF) or Source of Wealth declaration to legally justify the capital being traded on the platform.

Sanctioned Jurisdictions

Prime Meridian Markets does not provide services to residents of comprehensive sanctioned jurisdictions, including but not limited to North Korea, Iran, Syria, and specific regions of Ukraine. We reserve the right to decline or close accounts from high-risk jurisdictions at our sole compliance discretion.