KYC & AML Policy

Know Your Customer (KYC) & Anti-Money Laundering (AML) Policy

Effective Date: July 2026

At ParsaFood Global, we are committed to maintaining a secure, transparent, and compliant international B2B marketplace. This Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy outlines the measures we may implement to help prevent money laundering, terrorist financing, fraud, sanctions violations, corruption, and other illegal financial activities.

ParsaFood Global supports lawful international trade while respecting applicable international regulations. However, ParsaFood Global is not a bank, financial institution, payment service provider, or regulated money transmission business unless explicitly stated for a specific service. Our KYC and AML procedures are risk-based and are designed to improve marketplace integrity rather than guarantee compliance by any individual user.

Purpose

The objectives of this policy are to:

• Verify the identity of platform users where appropriate.
• Reduce the risk of fraud and financial crime.
• Prevent misuse of the platform for illegal activities.
• Comply with applicable laws and regulations.
• Protect buyers, suppliers, and business partners.
• Support secure international trade.

Scope

This policy may apply to:

• Buyers
• Suppliers
• Business partners
• Marketplace users
• Service providers
• Agents
• Consultants
• Logistics partners
• Payment service users
• Any party using services provided by ParsaFood Global

Additional verification may be required depending on the nature of the transaction or the services requested.

Risk-Based Approach

ParsaFood Global applies a risk-based approach to customer verification.

Factors that may increase verification requirements include:

• High-value transactions
• Cross-border payments
• High-risk jurisdictions
• Sanction-sensitive regions
• Politically exposed persons (PEPs)
• Unusual transaction patterns
• New business relationships
• Inconsistent documentation
• Suspicious payment activity
• Regulatory requirements

Verification requirements may differ between users.

Customer Identification (KYC)

ParsaFood Global may request one or more of the following:

Individuals

• Full legal name
• Date of birth
• Nationality
• Residential address
• Government-issued identification
• Passport
• National ID card
• Driver's license
• Selfie or identity verification
• Contact information

Businesses

• Company registration certificate
• Business license
• Articles of incorporation
• Tax registration
• VAT registration
• Registered address
• Directors
• Shareholders
• Ultimate Beneficial Owners (UBOs)
• Authorized representatives
• Corporate banking information
• Export licenses where applicable

Failure to provide requested documentation may result in delayed or denied access to certain services.

Identity Verification

Verification methods may include:

• Document verification
• Government database checks where legally available
• Business registry verification
• Address verification
• Email verification
• Phone verification
• Banking verification
• Video verification where appropriate
• Third-party verification services

Verification procedures may change over time.

Beneficial Ownership

Where appropriate, ParsaFood Global may request information regarding:

• Ultimate Beneficial Owners (UBOs)
• Ownership structure
• Corporate control
• Parent companies
• Subsidiaries

Users are responsible for ensuring ownership information remains accurate and up to date.

Anti-Money Laundering Measures

ParsaFood Global may implement measures including:

• Customer due diligence (CDD)
• Enhanced due diligence (EDD)
• Ongoing monitoring
• Risk assessment
• Transaction review
• Suspicious activity review
• Document verification
• Record keeping
• Internal compliance procedures
• Sanctions screening where applicable

These measures are intended to reduce risk and do not guarantee detection of all illegal activities.

Enhanced Due Diligence (EDD)

Additional verification may be required where higher risks are identified.

Examples include:

• Large transaction values
• Complex ownership structures
• Politically Exposed Persons (PEPs)
• High-risk jurisdictions
• Offshore entities
• Cash-intensive businesses
• Repeated unusual activity
• Regulatory concerns
• Inconsistent documentation

EDD requirements may include additional documents, interviews, or verification procedures.

Sanctions Compliance

Users must comply with all applicable sanctions laws and export control regulations.

ParsaFood Global reserves the right to:

• Screen users against applicable sanctions lists where legally required or appropriate.
• Refuse services involving sanctioned individuals or entities.
• Suspend accounts pending review.
• Terminate accounts where necessary.
• Reject prohibited transactions.

Users remain solely responsible for ensuring that their activities comply with all applicable sanctions and trade laws.

Politically Exposed Persons (PEPs)

Additional due diligence may be applied where users or beneficial owners are identified as:

• Politically Exposed Persons
• Close family members of PEPs
• Close associates of PEPs

Enhanced review does not imply wrongdoing.

Prohibited Activities

Users must not use ParsaFood Global for activities including, but not limited to:

• Money laundering
• Terrorist financing
• Tax evasion
• Bribery
• Corruption
• Sanctions evasion
• Identity fraud
• Document forgery
• Financial fraud
• Human trafficking
• Illegal trade
• Counterfeit products
• Financing criminal organizations
• Any activity prohibited by applicable law

Ongoing Monitoring

ParsaFood Global may monitor platform activity for indicators such as:

• Unusual transaction behavior
• Rapid account changes
• Multiple linked accounts
• High-risk payment patterns
• Suspicious documentation
• Repeated policy violations
• Fraud indicators
• Account misuse

Monitoring is conducted on a reasonable-efforts basis and does not constitute continuous supervision.

Record Retention

Where required by law or internal compliance procedures, ParsaFood Global may retain verification records, communications, and related documentation for an appropriate period.

Retention periods may vary depending on legal, regulatory, contractual, or operational requirements.

Reporting Suspicious Activity

Users are encouraged to report suspected:

• Fraud
• Identity theft
• Money laundering
• Fake companies
• Suspicious payment requests
• Forged documents
• Sanctions violations
• Other illegal activities

Reports should include all available supporting information.

Cooperation with Authorities

Where legally required or reasonably necessary, ParsaFood Global may cooperate with:

• Law enforcement agencies
• Regulatory authorities
• Financial institutions
• Customs authorities
• Tax authorities
• Anti-money laundering authorities
• Courts
• Government agencies

Such cooperation may include the disclosure of information as required by applicable law.

Suspension or Termination

ParsaFood Global reserves the right to:

• Request additional verification.
• Restrict access to services.
• Delay transactions pending review.
• Suspend accounts.
• Remove listings.
• Refuse services.
• Permanently terminate accounts.

These actions may be taken where fraud, regulatory concerns, sanctions risks, or violations of this policy are suspected.

User Responsibilities

Users are solely responsible for:

• Providing accurate information.
• Updating information when changes occur.
• Cooperating with verification requests.
• Complying with applicable laws.
• Maintaining lawful business activities.
• Ensuring all submitted documents are genuine.
• Maintaining accurate ownership information.

Providing false, misleading, or fraudulent information may result in immediate account suspension or termination.

No Financial or Legal Advice

Nothing in this policy constitutes legal, regulatory, tax, banking, investment, or financial advice.

Users should obtain independent professional advice regarding their own compliance obligations.

Limitation of Liability

To the fullest extent permitted by applicable law, ParsaFood Global shall not be liable for any direct, indirect, incidental, consequential, punitive, or financial losses arising from:

• User non-compliance with laws.
• Inaccurate information provided by users.
• Fraudulent documentation.
• Undetected illegal activities.
• Government actions.
• Regulatory investigations.
• Account restrictions resulting from compliance reviews.
• Delayed verification processes.
• Rejected transactions.
• Third-party compliance decisions.

ParsaFood Global performs compliance procedures on a reasonable-efforts basis and does not warrant that every unlawful activity will be detected or prevented.

Policy Updates

ParsaFood Global reserves the right to amend this KYC & AML Policy at any time to reflect changes in applicable laws, regulations, industry standards, or operational practices. Continued use of the platform following the publication of updates constitutes acceptance of the revised policy.

Final Notice

KYC and AML procedures are implemented to support a safer and more transparent marketplace. They are not intended to certify the legitimacy, financial stability, or legal compliance of any individual or business. Every user remains solely responsible for ensuring that their activities comply with all applicable laws and regulations. ParsaFood Global acts as a marketplace operator and service provider, and except where expressly required by law or agreed in writing, assumes no fiduciary, banking, regulatory, or supervisory responsibility for the commercial or financial activities of its users.