Know Your Business (KYB) Policy

Last Updated: 15/01/2026

The Know Your Business (KYB) Policy is an integral part of the Anti-Money Laundering (AML) framework implemented by OwnCrypto, a product operated by Vowallex LTDA., in compliance with applicable AML/KYC regulations.

The KYB process focuses on conducting thorough due diligence on business clients to verify their legal status, ownership, and risk profile before onboarding. Through this process, we aim to prevent illegal activity, enforce anti-money laundering standards, and ensure full transparency.

The KYB procedure includes the following steps:

1. The applicant submits corporate documentation and beneficial ownership information.

2. Vowallex LTDA conducts:

  • Document verification
  • Ownership structure analysis
  • Registry validation
  • AML database screening
  • Automated KYC checks of beneficial owners

3. The legal and compliance team of Vowallex LTDA reviews the KYB results.

4. The applicant receives an informative outcome report at the conclusion of the process.

The KYB procedures involve collecting and analyzing various data points. Core elements include:

1. Business Identity Verification

This step validates the legal existence and legitimacy of the business by reviewing its registration or licensing documents. It helps ensure we are engaging with a legally recognized business and not a fraudulent entity.

Required information includes:

Name – Registered legal business name.

Address – Operational business address(es), which may differ from the registered address.

Tax Identification Number (TIN) – For US-based entities, this is generally the Employer Identification Number (EIN), used for opening bank accounts, filing tax returns, and identity verification.

Business Registration Status – All businesses must provide a Certificate of Incorporation or Registration.

Licensing Documentation – Operating licenses where applicable (note: not all businesses require a license)

2. Identification of Directors and Owners
  • Document verification
  • Ultimate Beneficial Ownership (UBO) determination and verification
3. Transaction Monitoring

Certain transactional behaviors may indicate involvement in money laundering or terrorism financing. Red flags include:

  • Unusual transaction frequency or volume
  • Transactions just below regulatory thresholds
  • Transactions involving high-risk jurisdictions
4. Sanctions Screening

Businesses and their personnel are checked against global sanctions lists, including:

  • OFAC Sanctions List
  • UN Sanctions List
  • EU Sanctions List
5. PEP Screening
Businesses potentially exposed to political corruption may pose heightened AML risks. We therefore screen for Politically Exposed Person (PEP) status.
6. Adverse Media Monitoring
We track businesses for their appearance in negative or adverse media coverage indicating possible involvement in criminal activity. Continuous monitoring includes traditional media and online sources.
Business Registration

During business onboarding, KYB verification serves as a first line of defense against fraudulent entities. After initial registration, in-depth KYB checks are performed. These include:

  • Verification of physical business addresses
  • Verification of official business phone numbers
  • Identification of funding sources

Collected information is cross-referenced for accuracy and used to perform a risk assessment evaluating the potential risk of the business partnership.

Ongoing Client Monitoring

The final step of KYC involves monitoring the client account for suspicious activity, including:

  • Unusual transaction patterns
  • Large or frequent transactions inconsistent with the client’s profile
OwnCrypto’s KYB procedures ensure the company does not engage in business with entities involved in:
  • Money laundering
  • Terrorism financing
  • Tax crimes
  • Sanctions violations
  • Fraud or other financial crimes

If you have any questions, please contact us at: [email protected]

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