KYC and AML Policy
This Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy (hereinafter referred to as the “Policy”) is issued by the brand Broker10, under company number 3530 LLC 2024, operated by NH Business LLC (hereinafter referred to as the “Company”). This Policy applies to any user, whether a natural or legal person (hereinafter referred to as the “Client”), accessing or using https://broker10.com/ (hereinafter referred to as the “Site”).
This Policy outlines the KYC and AML procedures adopted by the Company to comply with applicable international and local laws, prevent the misuse of its platform for illicit purposes, protect its financial infrastructure, and foster a secure and trustworthy environment for all Clients.
Clients must submit accurate, complete, and verifiable identification documents, including but not limited to:
A valid government-issued photo ID (passport, national identity card, or driver’s license).
Proof of residential address (e.g., utility bill or bank statement dated within the last three months).
For corporate clients: incorporation documents, proof of business address, and ownership structure including the identification of Ultimate Beneficial Owners (UBOs).
All KYC documents are reviewed and verified within seven (7) business days of account creation or the initial deposit.
The Company may request video verification or additional documentation if there are any inconsistencies.
Accounts may be suspended or closed if false or fraudulent information is provided.
Clients are required to inform the Company of any changes in their personal or business information.
Periodic reviews are conducted to ensure information remains up to date, especially for high-risk clients.
Enhanced due diligence (EDD) may be applied where required by risk assessment.
The Company’s AML framework is structured to:
Prevent money laundering, terrorist financing, fraud, and other forms of financial crime.
Detect and deter the use of the Site for laundering proceeds of criminal activity.
Fulfill the Company’s legal and regulatory obligations under international AML standards.
All financial activities are automatically and manually monitored for irregularities, such as unusual trading patterns, high-volume transactions, and inconsistent behavior relative to a client’s profile.
Suspicious transactions are flagged and subject to internal review by the compliance team.
The Company is legally required to file Suspicious Activity Reports (SARs) with competent authorities if potential money laundering or criminal activity is detected.
No notification will be given to the Client regarding such reports to comply with anti-tipping-off regulations.
All such records are kept confidential and secure.
The following are strictly prohibited on the platform:
Transactions involving funds derived from illegal activities.
Transactions with persons or entities from countries subject to international sanctions or embargoes.
Anonymous, untraceable, or third-party payments not directly linked to the verified Client.
Structuring or “smurfing” transactions to avoid detection or thresholds.
Clients are categorized into risk levels (low, medium, high) based on their geographic location, account activity, business sector, and other risk factors.
High-risk clients are subject to enhanced due diligence and additional monitoring procedures.
The Company maintains an internal AML program with clear procedures, responsibilities, and escalation paths.
A designated Compliance Officer is responsible for implementing and overseeing the AML program.
Regular internal audits are conducted to test the effectiveness of AML controls.
All relevant employees undergo initial and ongoing AML training to recognize and appropriately handle suspicious behavior.
Training includes legal requirements, red flag indicators, and proper reporting protocols.
Failure to comply with KYC or AML procedures may result in account suspension, permanent closure, or denial of service.
Any confirmed breach of this Policy will be reported to the relevant authorities, and the Company reserves the right to pursue legal action.
All Client identification documents, transaction data, and internal communications related to AML compliance are securely stored for a minimum of seven (7) years after the account is closed or the last transaction is conducted.
This Policy is reviewed at regular intervals to reflect changes in laws, regulations, and internal business practices.
Clients will be notified of material changes through the Site or other appropriate means.