Kyc Policy
Purpose and scope
Zenit maintains a Know Your Customer (KYC) and Anti-Money Laundering (AML) program to protect players, comply with applicable law, and safeguard the integrity of the platform. This policy applies to all individuals who register, fund, or transact on Zenit, including onboarding, account management, and ongoing activity.
Regulatory framework and governance
Zenit operates under licensed regulatory oversight appropriate to its operations. The Company appoints a Compliance Officer and a Money Laundering Reporting Officer (MLRO) responsible for implementing AML/CFT controls, authorizing suspicious activity reporting, and maintaining records. Personal data processed under this policy is controlled by Zenit as data controller and is retained in accordance with applicable legal requirements.
Identity verification and onboarding
On registration, Zenit collects information to establish customer identity and confirm eligibility. Verification requires the following minimum data: full name, date of birth, residential address, valid contact details, and a unique account identifier. The company may request documents such as a government-issued photo ID (passport or national ID card) and proof of address (utility bill or bank statement not older than three months).
Accounts must be opened for individual, non-family use only. Any attempt to share or transfer ownership of an account will result in immediate suspension and withholding of balances.
Documentary verification timeline
New accounts must undergo verification within 30 days of onboarding. If verification is not completed within the period, access to certain features may be restricted, including the ability to initiate withdrawals, and the account may be limited in functionality until verification is complete.
Enhanced due diligence and ongoing monitoring
- The platform conducts ongoing monitoring of all transactions to identify unusual or suspicious activity and to ensure consistency with known customer profile data.
- Automated screening flags transactions exceeding USD 1,000 for review as part of continuous due diligence; entities classified as high-risk or with adverse indicators may trigger enhanced due diligence (EDD), including additional identity verification, source of funds checks, or site visits where appropriate and permitted by law.
- The system also monitors for patterns such as rapid movement of funds, high-frequency transactions from high-risk jurisdictions, or discrepancies between declared income and transaction activity, and escalates to the MLRO for further analysis.
Sanctions, PEPs and restricted jurisdictions
Zenit screens customer data against applicable sanctions and sanctions-related watchlists. Politically exposed persons (PEPs) are subjected to enhanced due diligence on onboarding and on an ongoing basis. The company may refuse to open accounts or terminate existing accounts for individuals located in or transacting from jurisdictions where regulatory restrictions apply or where sanctions prevent business relationships.
Data retention, privacy and access
Personal data collected under this policy is retained for a period of eight (8) years after the end of a user relationship or as required by law. Customers may request access to their data, corrections of inaccuracies, or deletion where permitted by law, by contacting Zenit compliance at compliance@zenit.com.
Third-party processors and data sharing
Zenit may engage third-party Verification Service Providers to perform identity verification, background checks, and AML screening. Such processors are bound by data protection obligations and may only process data to the extent necessary to perform the services and in compliance with this policy and applicable law. Zenit may disclose information to competent authorities as required by law or in response to regulatory requests.
Withdrawals and verification status
Withdrawals are permitted only from accounts that have completed verification to the level required for the transaction. Where verification is pending, withdrawal requests may be placed on hold until verification is completed or the request is rejected in accordance with policy.
Training, governance and record-keeping
Zenit maintains ongoing AML/KYC training for employees, led by the MLRO and Compliance function. Records of identity checks, due diligence results, and all suspicious activity reports are retained for the required period and are available for regulatory examination.
Policy review and updates
This policy is reviewed annually and whenever regulatory changes occur. Updates are communicated to customers via the in-platform notification system and are effective upon posting.
Contact and support
For questions about KYC/AML requirements or to request access to or correction of personal data, contact Zenit Compliance at compliance@zenit.com or via in-platform support channels.