GEF runs identity verification and risk-based monitoring on every GEF One account before connecting a client to a Licensed Partner, and every connected partner maintains its own AML/CTF controls appropriate to the product and jurisdiction it delivers.
GEF operates risk-based onboarding, identity verification and compliance processes for the GEF One platform. Depending on the product and jurisdiction, GEF may conduct verification and screening before connecting a customer with a Licensed Partner.
Licensed Partners may conduct their own independent KYC, KYB, AML/CTF, sanctions, transaction-monitoring and risk assessments and may request additional information before providing or continuing a regulated service.
Verified identity information, document evidence, liveness checks and address information are collected before a partner relationship is activated.
Legal entities, directors, authorised users, beneficial owners and control structures are identified for business accounts.
Know Your Customer (KYC) and Know Your Business (KYB) processes may include identity verification, business verification, beneficial ownership verification, address verification, document verification and other checks required by GEF, a Licensed Partner or applicable law.
For business and institutional customers, GEF and/or the applicable Licensed Partner may identify and verify ultimate beneficial owners, controlling persons, directors and authorised representatives.
Customers may be required to provide information and supporting documentation regarding the source of particular funds and, where appropriate, the source of overall wealth.
Sanctions, politically exposed person and adverse media screening run at onboarding and throughout the relationship.
Transactions, blockchain activity, account behaviour and risk changes are monitored across every connected partner, with controlled case escalation.
GEF and Licensed Partners may identify, investigate and report suspected financial crime or other reportable activity to competent authorities where required or permitted by law.
Accounts, transactions or services may be delayed, restricted, suspended or declined where required by law, sanctions obligations, compliance requirements, risk controls or the terms of the applicable provider.
Customers may be asked to provide additional information or documentation during onboarding or throughout the customer relationship. Failure to provide requested information may result in delayed onboarding, restricted transactions, suspension or termination of services.