KYC & AML Verification

BELEM Blockchain Technology Co., Ltd. ("BELEM") is a Money Services Business registered with FINTRAC (M23331281). As a regulated financial intermediary between fiat and digital assets, every account holder must complete identity verification before funds, deposits, or trades may be processed.

1. Why we verify

Verification is mandatory under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), EU AMLD6, the FATF Travel Rule, and equivalent obligations in the jurisdictions where BELEM operates. We use identity data exclusively for compliance, fraud prevention, and sanctions screening — never for marketing.

2. How verification is performed

BELEM performs identity verification using Veriff (Veriff OÜ, veriff.com), a specialist third-party identity-verification provider, and expects to continue relying on Veriff for the foreseeable future. Veriff captures and validates your government-issued identity document, performs biometric liveness and face-match checks, and returns a verification result to BELEM. Veriff processes your data as our service provider under a data-processing agreement and applicable data-protection law.

Automated results are not the final word. Where a case is flagged, escalated, or requires judgement, your documents and personal information are reviewed manually by a licensed Anti-Money-Laundering Reporting Officer (AMLRO) or other qualified BELEM compliance staff, who make the final onboarding decision. This means identity documents and personal data may be processed both by Veriff and by BELEM's own compliance personnel for the purpose of meeting our legal obligations.

3. Required documents

Individual accounts

• Government-issued photo ID — passport, national identity card, or driver's licence. Document must be valid, in colour, and show all four corners clearly.
• Proof of address — a utility bill, bank statement, or government letter dated within the last 90 days. The name and address must match the application.
• Liveness selfie — a short video selfie, captured through Veriff, verifying that you are the holder of the ID. The link is sent automatically to your email once your application is reviewed.
• Source of funds declaration — short statement plus supporting documentation (payslip, contract, sale receipt, or tax filing) for deposits above the equivalent of €10,000.

Corporate accounts

• Certificate of incorporation and current extract from the company registry.
• Articles of association / by-laws.
• Register of directors and ultimate beneficial owners (≥25%).
• Individual KYC (as above) for each director and beneficial owner.
• Proof of registered office and proof of operating bank account.

4. Beneficial ownership

For entity clients, BELEM identifies and verifies every individual who directly or indirectly owns or controls 25% or more of the entity, along with any individual who otherwise exercises control, and records the entity's ownership and control structure. Where beneficial-ownership information cannot be obtained or confirmed, BELEM takes reasonable measures to ascertain it, treats the relationship as higher risk, applies enhanced due diligence, and may decline or terminate the relationship.

5. Third-party determination

BELEM determines whether an applicant is acting on their own behalf or on behalf of a third party. Where a third party is involved, we record the third party's identifying details and the nature of the relationship, and retain the required third-party determination records under the PCMLTFA.

6. Risk rating & enhanced due diligence

Each client is assigned a Low, Medium, or High risk rating based on factors such as client type, geography, products used, expected activity, and PEP or sanctions exposure. Higher-risk clients are subject to enhanced due diligence (EDD), including establishing source of wealth and source of funds, additional documentation, and closer ongoing monitoring.

7. Politically exposed persons (PEPs)

Applicants are screened for PEP status at onboarding and on an ongoing basis. Where a client is a PEP, a head of an international organisation, or a family member or close associate, BELEM establishes source of wealth and source of funds, applies enhanced due diligence and ongoing monitoring, and obtains senior-management approval where required.

8. How to submit

1. Complete the application form on the BELEM landing page.
2. You will receive a secure Veriff verification link by email. The link is unique, single-use, and expires after 72 hours.
3. Upload the documents listed above and complete the liveness check.
4. Our compliance desk — including manual review by a licensed AMLRO where required — reviews submissions within 1–3 business days. You will be notified by email once your status changes to Verified, More information needed, or Declined.

9. Ongoing monitoring

BELEM performs continuous transaction monitoring through Chainalysis KYT and screens all counterparties against OFAC, UN, EU, HMT, and SECO sanctions lists. We keep KYC and beneficial-ownership information current, conduct periodic reviews at a frequency driven by each client's risk rating, and act on trigger events such as material changes in ownership, unusual activity, or adverse media. We may request refreshed documentation periodically or in connection with specific transactions. Failure to respond within 30 days may result in account restriction.

10. Prohibited persons

BELEM does not onboard residents of sanctioned jurisdictions, persons appearing on consolidated sanctions lists, or accounts whose source of funds cannot be reasonably evidenced. We reserve the right to refuse or terminate any relationship at our sole discretion.

11. Your data & your rights

Your identity data is processed by Veriff (as our verification provider) and by BELEM's compliance personnel for the purposes described above. You may at any time request a copy of the personal data we hold, request correction of inaccurate information, or request deletion once our statutory retention period (5 years after relationship end, PCMLTFA s.6.1) has lapsed. See our Privacy Policy for details.

12. Contact

Compliance desk: verification@belem-services.com
Support: Support@belem-services.com