9. Why do I have to go through the Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to gain access to the platform?

• KYC is a standard set of procedures that financial services providers like ours use to verify the identity of investors
• AML checks refer to measures or controls to detect and deter the flow of illicit funds through Singapore's financial system

As part of our obligations to the Monetary Authority of Singapore (MAS), we are required to conduct KYC and AML checks to prevent money laundering and other abuses from occurring on the ADDX platform.