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Know Your Customer (KYC) Procedure

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Purpose of KYC

The primary objective of the KYC procedure at Pasha Yatırım Bankası A.Ş. is to prevent and combat money laundering, terrorism financing, and other illicit activities.

Risk-Based Approach

Pasha Yatırım Bankası A.Ş. implements a risk-based approach to identify customers with high-risk profiles, which includes individuals or entities involved in transactions that may be related to money laundering or terrorism financing.

Enhanced Know-Your-Customer (KYC) Practices

In cases where there is a suspicion of money laundering or terrorism financing, the bank will adopt enhanced KYC practices, including:

• Acquisition of additional information about the customer and ultimate beneficiary
• Verification of customer documents
• Enhanced due diligence on customers with complex structures

Simplified Measures

For customers considered to have low-risk profiles, simplified measures are applied, which may include:

• Reduced documentation requirements
• Less stringent verification processes

Customers Not To Be Accepted

The bank does not accept individuals or entities with the following characteristics:

• Unclear identity or address
• Listed in MASAK’s banned/blacklisted lists for money laundering and terrorism financing
• Complex structures that hinder ultimate beneficiary identification
• Doubts about business legitimacy or funding sources
• Suspected involvement in criminal activities or membership in a terrorist organization

KYC Process

The bank collects and keeps customer information and documents, both physically and electronically, as per its relevant procedures.

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