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Is a simple statement on the source of funds sufficient, and does Zonda ask all Users about such matters?
A mere statement is not sufficient and must be supported by appropriate documentation (Article 43(1) of the Estonian Anti-Money Laundering and Terrorist Financing Act of 26.10.2017).
In the context of verifying the source of funds deposited on the platform, a case-by-case approach to the risk, within the meaning of the AML regulations, of a business relationship with a specific customer is applied, preceded by an analysis of activity on the platform and information from the so-called KYC (know-you-customer) record. It is not possible in this case to apply a single measure to each user.