KYC Compliance Requirements

1.1 Purpose and Requirements

Know Your Customer (KYC) procedures are mandatory compliance requirements designed to verify investor identity, assess risk profiles, and ensure compliance with applicable financial regulations. The Bitcoin Corporation LTD implements comprehensive KYC procedures in accordance with:

• Financial Conduct Authority (FCA) regulations
• Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017
• Proceeds of Crime Act 2002
• Financial Services and Markets Act 2000 (FSMA)
• Companies Act 2006
• International anti-money laundering (AML) standards

1.2 Enhanced Requirements for Equity Investment

As an equity investment in The Bitcoin Corporation LTD represents ownership in the master company controlling multiple blockchain projects, enhanced due diligence is required to ensure:

• Investor qualification as sophisticated or high net worth individual
• Source of investment funds verification
• Compliance with private company investment regulations
• Prevention of money laundering and terrorist financing
• Maintenance of accurate shareholder register

1.3 Verification Process Timeline

KYC verification typically takes 3-7 business days from submission of complete documentation. Complex cases or institutional investors may require additional time. Share certificates cannot be issued until KYC approval is granted.

2.1 Individual Investors

Individual investors must provide the following documentation:

2.2 Corporate/Institutional Investors

Corporate and institutional investors must provide:

• Certificate of Incorporation: From Companies House or equivalent
• Memorandum & Articles: Current constitutional documents
• Board Resolution: Authorizing investment and signatories
• Shareholder Register: Showing beneficial ownership structure
• Good Standing Certificate: Recent confirmation of active status
• Financial Statements: Last 2 years audited accounts
• Authorized Signatories: ID and proof of address for all signers
• Ultimate Beneficial Owners: ID for all 25%+ owners
• Tax Registration: VAT certificate or tax registration

2.3 Trust and Fund Investors

Trusts and investment funds require additional documentation:

• Trust deed or fund formation documents
• List of trustees or general partners
• Source of trust/fund assets
• Investment mandate demonstrating authority
• AML policies and procedures
• Regulated status confirmation (if applicable)

3.1 Document Submission

All KYC documents must be submitted through our secure online portal with the following specifications:

• High-resolution color scans or photographs (minimum 300 DPI)
• All text clearly readable and legible
• Complete document visible (no cropping of edges)
• File formats: PDF, JPG, PNG (max 10MB per file)
• No filters, editing, or alterations applied
• Documents in English or certified translations

3.2 Identity Verification Steps

3.3 Enhanced Due Diligence

Additional verification is required for:

• Investments exceeding £50,000
• Investors from high-risk jurisdictions
• Politically Exposed Persons (PEPs) or their associates
• Complex corporate structures or trusts
• Cryptocurrency source of funds
• Unusual investment patterns or timing

Enhanced due diligence may include:

• Video call verification with compliance team
• Additional source of wealth documentation
• Bank reference letters
• Professional references
• Site visits for institutional investors

4.1 Acceptable Sources

4.2 Unacceptable Sources

The following sources of funds are not acceptable:

• Cash deposits without clear paper trail
• Loans from unregulated lenders
• Gambling or lottery winnings
• Funds from high-risk jurisdictions without enhanced verification
• Third-party funding without documented agreements
• Anonymous or pseudonymous sources

5.1 Information Security

All KYC information is protected using industry-standard security measures:

• 256-bit SSL encryption for data transmission
• AES-256 encryption for data storage
• Multi-factor authentication for system access
• SOC 2 Type II certified data centers
• Regular third-party security audits
• Strict access controls and audit logs

5.2 Data Usage and Retention

Your KYC information will be used solely for:

• Identity verification and compliance screening
• Maintaining statutory registers
• Regulatory reporting where required
• Ongoing transaction monitoring
• Communications regarding your investment

Data retention periods:

• Active investors: Duration of shareholding plus 7 years
• Rejected applications: 12 months from rejection
• Regulatory investigations: As required by authorities

5.3 Your Rights

Under UK GDPR, you have the right to:

• Access your personal data held by us
• Rectify inaccurate information
• Request erasure (subject to legal obligations)
• Object to processing for direct marketing
• Data portability to other providers
• Lodge complaints with the Information Commissioner

6.1 Periodic Reviews

KYC information is subject to periodic review:

• Annual review for all shareholders
• Event-driven reviews for material changes
• Enhanced monitoring for high-risk profiles
• Continuous sanctions and PEP screening
• Transaction pattern analysis

6.2 Update Requirements

Shareholders must promptly notify The Bitcoin Corporation LTD of:

• Changes in personal information (name, address, nationality)
• Changes in financial circumstances
• Changes in beneficial ownership (corporate investors)
• New political exposures or sanctions
• Material litigation or regulatory actions

For KYC compliance inquiries:

• Company: The Bitcoin Corporation LTD
• Email: info@thebitcoincorporation.website
• Phone: [Contact via email]
• Website: thebitcoincorporation.website