Last Updated: 12.01.2025
Relica is committed to maintaining the highest standards of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance as required by U.S. regulations.
1. Purpose
The purpose of this policy is to:
- Prevent misuse of Relica for illegal activities
- Verify customer identity
- Detect suspicious transactions
2. Customer Verification
We may require:
- Government-issued ID
- Selfie/face verification
- Proof of address
- Date of birth
- Additional documents if risk is elevated
- Phone number verification
Verification may be required before:
- Creating virtual cards
- Increasing spending limits
- Performing international transactions
3. Monitoring Transactions
Relica monitors:
- Unusual spending patterns
- High-risk merchant categories
- Unusual card creation or deletion patterns
- Mismatched user locations
- Attempts to bypass limits
Suspicious activity may result in:
- Account freeze
- Request for additional information
- Reporting to relevant authorities
4. Record Keeping
Relica securely stores KYC data as required by law for a minimum of 5 years.
5. Reporting Obligations
Relica complies with:
- FinCEN regulations
- OFAC sanctions
- U.S. AML laws
Reporting may occur without prior notice where legally required.We may report suspicious activity without notifying the user.