AML/KYC

AML & KYC Policy

Last updated: April 2026

Glorayy is committed to preventing money laundering, terrorist financing, and other financial crimes. We maintain a robust Anti-Money Laundering (AML) and Know Your Customer (KYC) framework in line with UK Money Laundering Regulations (MLRs), Financial Conduct Authority (FCA) guidance, and international standards (including FATF recommendations).

Our Commitment

As a UK-based digital asset management platform offering USDT transactions, reward token subscriptions, loans, and virtual cards, we take our regulatory responsibilities seriously. We implement risk-based policies, procedures, and controls to safeguard the platform and our users.

Key Elements of Our AML/KYC Programme

Customer Due Diligence (CDD): We verify the identity of all users before granting access to advanced features (e.g., subscriptions, loans, virtual cards). This typically includes collecting name, date of birth, address, and government-issued ID.

Enhanced Due Diligence (EDD): Applied to higher-risk users or transactions, including additional verification, source of funds checks, and senior management approval where required.

Ongoing Monitoring: We monitor transactions and account activity for unusual patterns that may indicate suspicious behaviour.

Sanctions & PEP Screening: Users and transactions are screened against UK, EU, and international sanctions lists and Politically Exposed Persons (PEP) databases.

Travel Rule Compliance: For applicable crypto transfers, we collect and share originator and beneficiary information as required by regulations.

Suspicious Activity Reporting: We report suspicious activities to the National Crime Agency (NCA) via Suspicious Activity Reports (SARs) where necessary.

Record Keeping: We retain AML/KYC records for the minimum periods required by law (typically 5–7 years).

User Responsibilities

Provide accurate and up-to-date information during registration and verification.

Cooperate promptly with any additional information requests.

Use the platform only for lawful purposes and in compliance with applicable laws in your jurisdiction.

Notify us immediately of any changes to your details or if you suspect unauthorised access.

Failure to complete verification or suspected breaches may result in account suspension or termination.

Third-Party Involvement

We may use trusted third-party service providers for identity verification, screening, and monitoring. All such providers operate under strict data processing agreements and UK GDPR-compliant safeguards.

Note on Regulatory Status: Glorayy complies with current UK AML/CTF obligations. Cryptoasset activities are subject to evolving FCA requirements (including potential authorisation under the new cryptoasset regime). We do not provide financial services that require full FCA authorisation unless explicitly stated.

For full details on how we handle your personal data in the context of AML/KYC, please see our Privacy Policy.

If you have questions about our AML/KYC processes, contact: mail@glorayy.com

We regularly review and update our AML/KYC framework to adapt to regulatory changes and emerging risks in the digital asset space.