Realization of the program "Know Your Client" (KYC)

Partners of "KTK Finances Inc" offered programs which are based on the International legislation that should be integrated into domestic legalization systems.

From this point of view, independent consultants related to "KTK Finances Inc" are obliged to conduct the verification in accordance with a program "Know Your Client"; however, this will cause considerable inconvenience and financial expenses. Therefore it is considered to be quite reasonable to transfer the verification of the functions to one of the partners of "KTK Finances Inc".

The system of verification and registration of the participants in offered programs, which was worked out jointly, is the following:

• - standardized personal registration data which are necessary to carry out the verification were worked out; they consist of 25 points;
• - the agreement with an independent consultant implies very strict conditions, including financial responsibility, verification and confirmation of the personal data of each applicant or a potential client;
• - the application should enclose the copies of personal documents (identification card or passport), all pages of the copies should be signed by an applicant and by a consultant;
• - the internal identification document (such as ID card) has all the data necessary for the verification: the address, data of birth, place of birth, marital status, children, conviction, blood type etc;
• - applications and passports or Identification cards go in authorised partners of "KTK Finances Inc", where an authorized person verifies them, using different data base. If the verification does not reveal any doubts, the authorized person recommends accepting the application and the relevant agreement.

After verification, all applicants' personal data are transferred into a computer data base and the origins of the documents are kept in the archive of the authorized partners.

In case of the necessity of an additional verification by a bank or by any specialized competent organization that carries out the control over "money laundering", all the costs relating to such control will be deducted from a payment or current account of the applicant.