AML / CFT

Anti-Money Laundering Policy & Combating the Financing of Terrorism Compliance

We do an automatic backend Know you Customer KYC and Customer Due Diligence CDD on all customers (buyers) of KUKU Shop. You acknowledge and understand that this information could be requested by organisations as the IRS, OFAC and FinCen in USA, and in Suriname by MOT, CFATF and the Belastingdienst.
Regulations USA
* Bank Secrecy Act
* USA Patriot Act
* US AML/CFT regulations (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
* Wet Strafbaarstelling Money Laundering​
Our KYC & CDD applies only on our Webshop (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.
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) without disclosing their personal information.
A letter, written by the CEO of panKUKU LLC, with our policy and procedures can be found here.

Legal Opinion Letter

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Last modified 1yr ago