AML / CTF Policy

Kunga operates an Anti-Money Laundering and Counter-Terrorist Financing programme (PBC/FT — AML/CTF) aligned with Directive (EU) 2015/849 and its subsequent amendments, the Spanish Law 10/2010 and the recommendations of the Financial Action Task Force (GAFI / FATF).

In addition, transactions involving crypto-assets are governed by Regulation (EU) 2023/1114 (MiCA) and Regulation (EU) 2023/1113 (Travel Rule).

We verify the identity of every natural person before enabling any operations (biometrics + document + liveness check).

We verify the beneficial ownership, management and source of funds of every legal entity before enabling any operations (KYB with a human advisor).

We apply enhanced due diligence (EDD) measures to clients deemed high-risk, non-cooperative jurisdictions, PEPs and unusual transactions.

Every transaction is analysed in real time against suspicious-pattern rules, sanctions lists (OFAC, EU, UN, UK HMT) and internal adverse-media / PEP lists.

Crypto-asset transactions undergo chain analytics to detect counterparty risk.

Alerts are escalated to a human compliance team.

Kunga reports suspicious transactions to the Financial Intelligence Unit (SEPBLAC in Spain) and to the competent authorities in each jurisdiction in which it operates.

We retain KYC, KYB, transaction and communication records for 10 years in accordance with AML/CTF regulations.

We do not provide services in countries subject to international sanctions or in high-risk jurisdictions as designated by the FATF.

The full list of countries with restrictions is available in the Coverage section and is updated periodically.