⚠️ Informational template. This document is a preliminary version pending review by counsel in each applicable jurisdiction (US + EU/Spain). It does not constitute binding legal advice.
Data controller and service operator:
- Gold Silver Global LLC (LLC). Tax ID / VAT: 41-4225071. 8 The Green STE B, 19901 DE, Dover, denver, US.
- {{commercialRegistry}}
- Data Protection Officer (DPO): dpo@goldsilverglobal.net.
- General legal contact: legal@goldsilverglobal.net.
1. Legal framework
Spain and EU
- Law 10/2010 AML.
- RD 304/2014 — implementing regulation.
- Directive (EU) 2015/849 (4AMLD) and (EU) 2018/843 (5AMLD).
- Supervisor: SEPBLAC.
United States
- Bank Secrecy Act (31 U.S.C. § 5311 et seq.).
- USA PATRIOT Act — AML sections.
- FinCEN Customer Due Diligence Rule (CDD Rule).
- OFAC sanctions screening.
2. Why KYC?
Without approved KYC, you cannot operate above the established threshold (EUR 200 / USD equivalent). It is a legal AML obligation.
3. Documents — individuals
For users in Spain / EU
- Valid ID — front + back (DNI/NIE/Passport).
- Selfie with ID.
- Recent proof of address (≤ 3 months) — utility bill, bank statement, residence certificate.
For users in the United States
- Government-issued photo ID (driver's license, passport, state ID).
- Selfie with ID.
- Recent proof of address (utility bill, bank statement).
- Taxpayer Identification Number (SSN or ITIN) when applicable.
4. Documents — professionals (KYB)
For users in Spain / EU
- CIF + incorporation deed / powers.
- Tax address proof.
- Representative ID.
- Ultimate Beneficial Owner (UBO) identification under 5AMLD.
For users in the United States
- EIN + Articles of Incorporation/Organization.
- Beneficial Ownership Information (BOI) under the Corporate Transparency Act and FinCEN rules.
- Authorized representative ID.
5. OFAC and sanctions screening
Every KYC onboarding passes automated screening against:
- OFAC SDN and sectoral lists.
- Consolidated EU and UN lists.
- National SEPBLAC list.
6. Process
- Submit documents from My account → KYC.
- Automated screening (non-decisional).
- Human review by compliance (≤ 5 business days).
- Decision: approved, additional info required, or rejected.
- Email notification + audit log entry.
7. Human decision
AI does not decide KYC. Per GDPR art. 22 and FinCEN/SEPBLAC best practices, approval or rejection is always manual and logged with operator ID.
8. Retention
KYC documents encrypted for 6 years after account closure (Law 10/2010 / BSA minimum 5 years, extended by best practice). Inaccessible to anyone outside compliance.
9. EDD — Enhanced Due Diligence
EDD applies when:
- Operation exceeds internal thresholds.
- Counterparty from high-risk jurisdiction (FATF list).
- PEPs (Politically Exposed Persons).
- Unusual pattern flagged by anti-fraud.
10. Reporting
Suspicious operations are reported to SEPBLAC (Spain) and/or FinCEN (SAR — Suspicious Activity Report) (US) as applicable, without notifying the user (tipping-off prohibited).
11. Contact
legal@goldsilverglobal.net / dpo@goldsilverglobal.net. Last updated: 2026-06-01.