OVERHIT LIMITED
Company registration number: 1430100
Office address: 9 Elthorne Rd, Archway, London N19 4AJ
Registered office address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ

Acceptance policy 

The goals of the customer acceptance policy are specified below:

• to ensure that no account is opened under a fictitious name
• to validate the residence/legal address of the Contractor
• to verify the identity of the Contractor
• to ensure that the Contractor is not involved in any suspicious activity

Identification of contractor

The following data is to be collected and verified:

• first and last name
• date of birth
• residence address

The Contractor must provide the following documents:

• proof of identity (passport, driving license)
• residential address proof (Telephone Bill / Bank Account Statement / Letter from any recognized public authority / Utility bill / Letter from employer

Transactions monitoring

Ongoing monitoring is an integral part of an effective KYC procedure. It is a primary responsibility of OVERHIT LIMITED to monitor payouts to the Contractors. OVERHIT LIMITED has an understanding of the normal and reasonable activity of the costumer to identify transactions that fall outside regular pattern of activity. 

1. Contractor screening

OVERHIT LIMITED screens the Contractor’s name against all relevant sanctions lists in order to identify sanctioned individuals or entities. 

2. Transaction screening

OVERHIT LIMITED screens all Contractor s involved in the transaction/payment in real time and against all relevant financial sanctions watch lists.

Sanctions list (Sanctioned Countries)

The need for effective sanctions list management, coupled with reliable sanctions screening systems, is paramount. Sanctions lists are constantly monitored and updated. The following countries are blocked by default:

Afghanistan, American Samoa, Angola, Bahamas, Botswana, Belarus, Burundi, Cambodia, Central African Republic, Chad, Congo, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, Ghana, Guam, Guinea Bissau, Iran, Iraq, North Korea, Lebanon, Libya, Mali, Nigeria, Pakistan, Panama, Puerto Rico, Russia, Samoa, Saudi Arabia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Venezuela, Yemen, Zimbabwe, USA (some states).

Red flags

The list of suspicious activities includes the following:

• The contractor shows unusual concern for secrecy, particularly with respect to his/her identity or background, or refuses to provide the requested documentation
• The contractor provides unusual or suspicious identification documents that cannot be verified
• The contractor uses the website to perform money transmission and/or exchange, and/or cash-out operations;
• For no apparent reason, the Contractor opens multiple accounts under a single name or uses multiple names for the same person to open accounts
• The contractor or a person associated with Contractor has a questionable background (including prior criminal convictions) or is the subject of news reports indicating possible criminal, civil, or regulatory violations