KYC/AML Procedures

In compliance with international Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulations under MiCA, MEDRE is dedicated to implementing robust Know Your Customer (KYC) procedures. These measures will apply to all participants in the token offering where staking is mandatory (pre-sale), including investors, contributors, and other relevant parties.

For transactions conducted on the open market, the offering will take place on secondary markets. As such, the responsibility for KYC/AML compliance in these cases will lie with the respective secondary market platforms.

Objectives of KYC/AML Procedures
By enforcing comprehensive KYC/AML processes, MEDRE aims to:

• Prevent Money Laundering and Terrorist Financing: Safeguard the project from illicit activities, protecting its reputation and contributing to global efforts against financial crime.
• Enhance Investor Protection: Establish a secure, transparent environment for investors, fostering trust and confidence in the project.
• Ensure Regulatory Compliance: Adhere to the Markets in Crypto-Assets Regulation (MiCA), which encompasses international and jurisdictional AML/CFT requirements, ensuring the project’s legal and operational integrity.

Third-Party Integration
To achieve the highest standards of compliance and operational efficiency, MEDRE is actively evaluating several reputable third-party providers specializing in KYC/AML solutions. While a final decision has not yet been made, MEDRE is committed to selecting a platform that aligns with its goals of transparency, security, and regulatory compliance.

By partnering with an experienced provider, MEDRE aims to:

• Ensure Cost-Effectiveness: Avoid the significant costs associated with developing, maintaining, and staffing an in-house solution.
• Leverage Expertise and Technology: Access advanced identity verification technologies to automate and streamline compliance processes, ensuring alignment with MiCA’s stringent requirements.
• Scale Seamlessly: Support the growing needs of the business as customer verification demands increase, without requiring substantial additional investment.
• Accelerate Time to Market: Reduce the time required to deploy robust compliance solutions by utilizing proven, ready-to-implement platforms.
• Focus on Core Business: Allow the team to concentrate on developing MEDRE’s core offerings while ensuring compliance through a trusted partner.

MEDRE’s commitment to a thoughtful and strategic selection process ensures that the chosen solution will support the project’s long-term success while maintaining the highest standards of regulatory compliance.