# AML / CFT

We do an **automatic** backend **Know you Custome**r [**KYC** ](https://pankuku.gitbook.io/kuku_wiki/knowledge-center/glossary-and-vocab)and **Customer Due Diligence** [**CDD** ](https://pankuku.gitbook.io/kuku_wiki/knowledge-center/glossary-and-vocab)on all customers (buyers) of [**KUKU Shop**](https://www.kukushop.net). You acknowledge and understand that this information could be requested by organisations as the [**IRS**](https://www.irs.gov/), [**OFAC**](https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information) and [**FinCen**](https://www.fincen.gov/) in **USA**, and in **Suriname** by [**MOT**](http://www.fiusuriname.org/)**,** [**CFATF** ](https://www.cfatf-gafic.org/)and the [**Belastingdienst**](https://belastingdienst.sr/).

**Regulations USA**\
**\*** [**Bank Secrecy Act**](https://complyadvantage.com/insights/what-is-the-bank-secrecy-act/)\
\* [**USA Patriot Act**](https://complyadvantage.com/insights/usa-patriot-act/)\
\* [**US AML/CFT regulations**](https://www.lexology.com/library/detail.aspx?g=330bdf46-1eb9-4a14-8d7e-9851feb2839e) (Control & Suppression Act, Financial Crimes Strategy & Financing of Terrorism Convention Implementation Act, Intelligence Reform and the Terrorism Prevention Act)

**Regulations Suriname**\
**\*** [**Disclosure of Unusual Transactions (Financial Services) Act**](https://www.dna.sr/wetgeving/surinaamse-wetten/geldende-teksten-tm-2005/wet-melding-ongebruikelijke-transacties/)\
**\*** [**Wet Strafbaarstelling Money Laundering**](https://www.dna.sr/wetgeving/surinaamse-wetten/geldende-teksten-tm-2005/wet-strafbaarstelling-money-laundering/)

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Our **KYC & CDD** a**pplies only** on our **Webshop** ([**www.kukushop.net**](https://www.kukushop.net)), mostly due to our **FIAT integration** and **offerings of goods** from **third party sellers (we don't hold stocks, rather execute a drop shipping service).**\
We are also **legally** obliged to keep **track** of all **sales** on our Webshop and who made eventual **purchases**.
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Our **KYC &** **CDD does not apply** to our **DEX** (Swap, Stake, NFT Marketplace & Lottery). User can enjoy all the benefits from our DEX ([**www.pankuku.net**](https://www.pankuku.net)) without disclosing their personal information.
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A letter, written by the CEO of panKUKU LLC, with our policy and procedures can be found **here**.
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