KYC & AML Policy

1. Purpose and Scope

This Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy establishes our commitment to:

• Verify the identity of our customers
• Understand the nature of customer business activities
• Assess and monitor potential risks of illegal activities
• Comply with applicable federal and state regulations
• Report suspicious activities to appropriate authorities

2. Customer Identification Requirements

To use our LLC formation services, we require the following information:

• Individual Customers: Full legal name, date of birth, residential address, Social Security Number (SSN) or Tax ID, and government-issued photo ID
• Business Entities: Legal business name, EIN, principal place of business, ownership structure, and information about beneficial owners (individuals who own 25% or more)
• Authorized Representatives: If acting on behalf of another person or entity, documentation proving authorization

3. Verification Process

We verify customer identity through:

• Review of government-issued identification documents
• Verification of Social Security Numbers and Tax IDs
• Address verification through utility bills or bank statements
• Business verification through state business registries
• Third-party identity verification services when necessary

We reserve the right to request additional documentation if we cannot verify the information provided or if we identify potential risks.

4. Prohibited Activities

We will not knowingly provide services for:

• Money laundering or terrorist financing
• Fraud, identity theft, or other illegal activities
• Businesses engaged in illegal goods or services
• Entities on sanctions lists (OFAC, UN, EU, etc.)
• Shell companies created to hide beneficial ownership for illicit purposes
• Transactions involving proceeds of illegal activities

5. Risk Assessment

We assess risk based on various factors including:

• Type and nature of the business entity being formed
• Geographic location of business operations
• Source of funds for payment
• Complexity of ownership structure
• Customer's reluctance to provide required information
• Inconsistent or suspicious information

Higher-risk customers may be subject to enhanced due diligence procedures.

6. Beneficial Ownership Information

In compliance with federal regulations, we collect information about beneficial owners of LLCs we form. A beneficial owner is any individual who:

• Owns 25% or more of the entity
• Has significant responsibility to control, manage, or direct the entity

This information is maintained securely and may be shared with government authorities when legally required.

7. Ongoing Monitoring

We continuously monitor customer accounts and transactions for:

• Unusual transaction patterns or volumes
• Changes in beneficial ownership that trigger reporting requirements
• Updates to sanctions lists
• Negative news or adverse media about customers
• Activities inconsistent with the stated business purpose

8. Suspicious Activity Reporting

If we detect suspicious activity, we will:

• Conduct an internal review and investigation
• Document our findings
• File Suspicious Activity Reports (SARs) with FinCEN when required
• Cooperate fully with law enforcement investigations
• Not notify the customer that a report has been filed

Note: Federal law prohibits us from disclosing that we have filed a SAR or are conducting an investigation.

9. Record Retention

We maintain records of customer identification and verification for at least 5 years after the business relationship ends, including:

• Customer identification documents
• Verification procedures and results
• Beneficial ownership information
• Transaction records
• Risk assessments and reviews
• Internal investigation reports

10. Right to Refuse Service

We reserve the right to refuse service or terminate a business relationship if:

• Customer refuses to provide required identification information
• We cannot verify the customer's identity
• We identify information as false or misleading
• Customer appears on sanctions lists
• We suspect the services will be used for illegal purposes
• Customer's business poses unacceptable risk

11. Employee Training

Our employees receive regular training on:

• KYC and AML regulations and requirements
• Identifying red flags and suspicious activities
• Proper verification procedures
• Reporting obligations and procedures
• Data security and confidentiality

12. Policy Updates

This policy is reviewed and updated annually or as needed to reflect changes in:

• Federal and state regulations
• Industry best practices
• Our business operations and risk profile
• Emerging threats and typologies

13. Contact Information

Questions about our KYC/AML procedures should be directed to:

Email: info@swyftform.com

Phone: +17253340213

Address: 312 W. 2nd St, Casper, WY 82601