1. INTRODUCTION

Global Cannabis Products (“Company,” “we,” “us,” or “our”) is committed to maintaining the highest standards of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance across all operations of its international trade platform.

This policy outlines the procedures and controls implemented to prevent money laundering, terrorist financing, fraud, and other illicit financial activities.

2. REGULATORY COMPLIANCE

We operate in alignment with internationally recognized AML standards, including:

• Financial Action Task Force (FATF) Recommendations

• Applicable national AML/CFT laws in operating jurisdictions

• Sanctions and export control regulations (UN, EU, OFAC where applicable)

3. CUSTOMER DUE DILIGENCE (KYC)

All users must undergo mandatory identity and business verification before accessing platform services.

   3.1 Required Information

We may collect and verify:

• Full legal name of individual or entity

• Business registration documents

• Government-issued identification

• Proof of address

• Licensing and compliance certificates

   3.2 Enhanced Due Diligence (EDD)

Enhanced verification may be required for:

• High-value transactions

• High-risk jurisdictions

• Politically Exposed Persons (PEPs)

• Unusual transaction patterns

4. SANCTIONS AND WATCHLIST SCREENING

We screen all users against:

• International sanctions lists

• Politically Exposed Persons (PEP) databases

• Adverse media and risk intelligence sources

Users flagged during screening may be denied access or subject to enhanced review.

5. TRANSACTION MONITORING

We continuously monitor platform activity to detect:

• Suspicious transaction patterns

• Structuring or layering attempts

• Unusual payment behavior

• Potential fraud or misuse of escrow systems

Automated systems and compliance teams review flagged activity.

6. ESCROW COMPLIANCE CONTROLS

All transactions processed through escrow are subject to AML review protocols:

• Funds are held in regulated escrow accounts

• Release of funds requires compliance clearance and delivery confirmation

• Suspicious funds may be frozen pending investigation

7. REPORTING OBLIGATIONS

Where required by law, we may report suspicious activity to relevant authorities, including:

• Suspicious Activity Reports (SARs)

• Financial Intelligence Units (FIUs)

• Regulatory or law enforcement agencies

Users may not be notified of such reporting where prohibited by law.

8. RECORD KEEPING

We retain KYC and transaction records for a minimum period required by applicable laws, typically:

• 5 to 10 years depending on jurisdiction

Records are securely stored and protected against unauthorized access.

9. RISK-BASED APPROACH

We apply a risk-based compliance framework, adjusting due diligence measures based on:

• User profile and jurisdiction

• Transaction size and frequency

• Product category and regulatory sensitivity

10. PROHIBITED USE

Users are strictly prohibited from using the platform for:

• Money laundering or terrorist financing

• Fraudulent financial activity

• Circumvention of sanctions or trade restrictions

• Use of falsified identity or business documents

Violations will result in immediate suspension or termination.

11. COMPLIANCE OFFICER

The Company designates a Compliance Function responsible for AML/KYC enforcement, including:

• Reviewing flagged transactions

• Managing regulatory reporting

• Updating compliance procedures

Contact: [Insert Compliance Email]

12. POLICY UPDATES

This AML/KYC Policy may be updated periodically to reflect regulatory changes or operational improvements. Continued use of the platform constitutes acceptance of the updated policy.