Customer Acceptance Policy

1. Introduction This Customer Acceptance Policy (CAP) outlines the criteria and procedures bruos employs to evaluate and onboard new customers. The objective is to ensure that bruos establishes business relationships with clients who meet our risk assessment standards, thereby safeguarding against money laundering, terrorist financing, and other illicit activities. 2. Objectives Compliance: Adhere to all applicable laws and regulations, including Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements. Risk Management: Implement a risk-based approach to customer onboarding to mitigate potential legal and reputational risks. Due Diligence: Establish procedures for verifying the identity of customers and understanding the nature of their activities. 3. Customer Acceptance Criteriabruos will accept customers who meet the following criteria: Verified Identity: Customers must provide valid identification documents to confirm their identity. Legitimate Purpose: The intended purpose of the business relationship must be clear and lawful. Risk Assessment: Customers must pass bruos's risk assessment procedures, which evaluate factors such as geographic location, nature of business, and transaction patterns.bruos reserves the right to refuse service to any individual or entity that does not meet these criteria or poses an unacceptable level of risk. 4. Risk Categorization Customers will be categorized based on risk levels: Low Risk: Individuals or entities with transparent sources of funds and operations in low-risk jurisdictions. Medium Risk: Customers with less transparent sources of funds or operations in jurisdictions with higher risk. High Risk: Politically Exposed Persons (PEPs), entities operating in high-risk industries, or those from high-risk jurisdictions. Enhanced due diligence measures will be applied to high-risk customers. 5. Know Your Customer (KYC) Proceduresbruos will collect the following information during the onboarding process: Full legal name Date of birth or incorporation Residential or business address Identification documents (e.g., passport, national ID) Information on the nature and purpose of the business relationship Additional information may be requested based on the customer's risk profile. 6. Ongoing Monitoringbruos will conduct ongoing monitoring of customer transactions to detect and report suspicious activities. This includes: Regular review of customer information Monitoring of transactions for unusual patterns Updating risk assessments as necessary 7. Record Keeping All customer records, including identification documents and transaction history, will be maintained for a minimum of five years after the termination of the business relationship, in compliance with applicable laws and regulations. 8. Policy Review This policy will be reviewed annually and updated as necessary to ensure its effectiveness and compliance with regulatory changes.