1. KYC Requirements
As a "software tool provider" Next Candle Predictor does not directly provide financial services. However, for user safety and legal compliance, the following information is collected during registration:
Basic Level (All Users)
- Email address (verified)
- Username
- Strong password (minimum 8 characters)
Advanced Level (Paid Plans — Active in Phase 2)
- Full name and surname
- National ID or passport number
- Photograph of identity document
- Liveness verification (selfie)
2. AML Procedures
- Transaction Monitoring: User activity on the Platform is monitored for suspicious transaction patterns.
- Suspicious Transaction Reporting (STR): In line with MASAK regulations, transactions deemed suspicious are reported to the relevant authorities.
- Sanctions Screening: User information is screened against international sanctions lists (OFAC, UN, EU).
- Data Retention: Per MASAK regulations, all transaction records and customer information are retained for 10 years.
3. Compliance Officer
A designated compliance officer within our organization is responsible for managing KYC/AML processes, staff training, and regulatory reporting.
4. Geographical Restrictions
- Blocked Countries: United States (blocked at the initial stage due to SEC/CFTC regulatory risks).
- Restricted Regions: Countries and regions on the OFAC sanctions list.
- IP-based geographical controls are applied; additional verification may be requested when VPN usage is detected.
5. Risk Assessment
Users are evaluated based on a risk-based approach:
- Low Risk: Free account, paper trading, verified email.
- Medium Risk: Paid plan, active exchange connection.
- High Risk: High-volume transactions, multiple exchange connections, suspicious activity patterns.
6. Account Suspension / Closure
Your account may be suspended or closed in the following cases:
- Failure to complete KYC verification within the requested period.
- Use of fake or stolen identity information.
- Detection of suspicious transaction patterns.
- Match found on sanctions lists.
- Request from legal authorities.
7. User Rights
- Personal data collected during the KYC process is protected under KVKK.
- You have rights of access, correction, and deletion regarding your data (subject to legal retention obligations).
- You have the right to object to KYC verification results.
8. Contact
For questions regarding KYC/AML processes:
Email: compliance@nextcandlepredictor.com