Anti-Money Laundering Policy

Last updated: January 2025

1. Purpose

This policy outlines Mazad Wallet's commitment to preventing money laundering and terrorist financing in compliance with Iraqi and international regulations.

2. Know Your Customer (KYC)

All users must complete identity verification before accessing financial services. This includes providing valid government-issued identification and proof of address.

3. Transaction Monitoring

We employ automated systems to monitor transactions for suspicious activity. Unusual patterns are flagged for review by our compliance team.

4. Reporting

Suspicious activities are reported to relevant authorities as required by law. We maintain records of all transactions for the period required by applicable regulations.