KYC/AML Policy
Last Updated: 3 November 2026
This KYC/AML Policy explains how Rab Technologies & Traders LLC, operating as ZikCards, implements its anti-money laundering (AML) and Know Your Customer (KYC) procedures to comply with US federal law and global best practices. Our objective is to ensure a safe, secure, and compliant platform for all users and to prevent the platform from being used for financial crime.
By accessing or using ZikCards.com, you agree to follow the procedures outlined in this policy.
I. Regulatory Framework and Program Authority
1.1. Legal Adherence: ZikCards adheres to the requirements of the Bank Secrecy Act (BSA) and guidelines established by the Financial Crimes Enforcement Network (FinCEN). This AML Compliance Program is designed to meet or exceed all US legal requirements applicable to a Card Program Manager.
1.2. Program Authority: The ZikCards platform operates as a Card Program Manager and relies on its partner bank (the Card Issuer) for formal regulatory compliance. We implement robust, risk-based controls to protect the Issuing bank and the payment network.
II. Compliance Officer and Program Oversight
2.1. Designated Compliance Officer (CO): Rajeev Scaria, Founder & CEO, has been designated as the Compliance Officer. The CO is responsible for the day-to-day administration, monitoring, enforcement, and mandatory training of this KYC/AML Program.
2.2. Independent Review: The CO will ensure that this program is subjected to independent testing or audit at least annually to confirm effectiveness and adherence to regulatory requirements.
III. Customer Identification Program (KYC/CIP)
3.1. Verification Requirement: ZikCards maintains a formal Customer Identification Program (CIP). All individuals and businesses must successfully complete identity verification before a Virtual Card can be issued or funded and before any withdrawal. Funds may be added to the ZikCards wallet before verification; until verification is complete they cannot be spent, moved to a card or withdrawn. A customer who cannot or does not complete verification may ask Support to return the funds: after a review, they are returned to a wallet address the customer controls, on the network they were sent on, less the network fee.
3.2. Data Collection (Individuals): We collect the following minimum information as required for CIP compliance:
Full legal name
Residential address
Date of Birth (DOB)
Government-issued identification number — for international customers, the passport number.
3.3. Verification Process: ZikCards verifies every applicant's identity with an automated identity-verification service: a photo of a government-issued ID (front and back where the document has two sides) and a short live selfie matched to the photo on the ID. We do not serve residents or nationals of sanctioned countries and regions (see our Restricted Countries page), and our card issuers may carry out their own checks.
IV. Anti-Money Laundering (AML) Transaction Monitoring
4.1. Continuous Monitoring: We use automated monitoring tools to continuously analyse all funding, top-up, and spending activity for suspicious patterns.
4.2. Red Flags: Monitoring focuses on detecting patterns such as:
Unusual or inconsistent transaction volume relative to the user’s history.
Rapid velocity of funds (quick loading, spending, and subsequent withdrawal).
Transactions involving high-risk jurisdictions or prohibited Merchant Category Codes (MCCs).
4.3. Suspicious Activity Reporting (SAR): If, after internal investigation by the CO, ZikCards determines that activity is suspicious, we are legally mandated to file a Suspicious Activity Report (SAR) with the Financial Crimes Enforcement Network (FinCEN) or the equivalent body.
V. Operational Security and Prohibited Uses
5.1. Prohibited Transactions: ZikCards Virtual Cards and Wallet services are strictly prohibited from use for:
Cash withdrawals (ATM access)
Peer-to-peer transfers or money remittance
Illegal online gambling or the purchase of illegal goods/services
Any activities involving sanctioned entities.
5.2. Account Restriction: We reserve the right to freeze payments, restrict accounts, or terminate services immediately if a user is found to be involved in fraudulent or prohibited activities.
VI. Data Protection and Record Retention
6.1. Data Security: All KYC documents are handled with industry-standard security protocols, including encryption, restricted access, and secure storage. We never disclose identity documents except to our verified card-issuing partners or when legally required by authorities.
6.2. Mandated Record Retention: ZikCards will retain all records related to customer identification, transaction history, and any internal Suspicious Activity Reports for a minimum period of five years following the closure of a customer’s account, as mandated by FinCEN.
VII. Policy Updates
7.1. Policy Updates: We may update this KYC/AML Policy at any time. Updates will be posted with a revised “Last Updated” date.
VIII. Contact Information
If you have questions regarding our KYC or AML processes, contact us at:
Rab Technologies & Traders LLC
Email: support@zikcards.com