Anti-Money Laundering (AML) Policy

Finverge Tech is committed to preventing money laundering, terrorist financing, and financial crimes by implementing a robust Anti-Money Laundering (AML) policy. This policy outlines our commitment to complying with international AML regulations and ensuring the integrity of financial transactions on our platform.

1. Purpose & Commitment

The purpose of this AML Policy is to prevent our platform from being used for illegal financial activities. We are dedicated to identifying, preventing, and reporting suspicious activities that could indicate money laundering or the financing of terrorism. Our AML procedures align with international standards and regulatory guidelines.

2. Regulatory Compliance

• We comply with AML laws, regulations, and guidelines set by global financial authorities.
• Our policies adhere to the Financial Action Task Force (FATF) recommendations and other applicable legal frameworks.
• Users are required to comply with our AML procedures to continue using our services.

3. Know Your Customer (KYC) Requirements

• All users must complete identity verification before accessing investment services.
• We collect and verify personal data, including full name, date of birth, nationality, government-issued ID, and proof of address.
• Additional due diligence may be required for high-value transactions and accounts flagged for suspicious activity.

4. Customer Due Diligence (CDD)

• We conduct Customer Due Diligence (CDD) for all users to verify identities and assess risk levels.
• Enhanced Due Diligence (EDD) is applied to users with high-risk profiles, including politically exposed persons (PEPs) and large transactions.
• We continuously monitor user transactions to detect and report suspicious behavior.

5. Transaction Monitoring & Suspicious Activity

• Our system monitors transactions in real time to identify unusual patterns.
• We investigate large or irregular transactions that do not match a user's financial profile.
• If a transaction is suspected of involving money laundering, it will be reported to relevant authorities.

6. Prohibited Activities

Users agree NOT to engage in the following:

• Using our platform for money laundering, terrorist financing, or fraudulent activities.
• Providing false or misleading information during KYC verification.
• Engaging in structured transactions to avoid AML reporting thresholds.
• Attempting to obscure transaction origins through mixing services or layered transfers.

7. Reporting Obligations

• We report all suspicious activities to relevant regulatory authorities.
• Users acknowledge that their data may be shared with government agencies if required by law.
• Failure to comply with AML regulations may result in account suspension, reporting to authorities, and legal action.

8. Account Freezing & Termination

• We reserve the right to freeze or terminate accounts suspected of money laundering.
• Funds in suspicious accounts may be withheld or confiscated as required by law.
• Users will be notified if their account is under investigation, except in cases where disclosure is legally restricted.

9. International Sanctions & Blacklisted Countries

• We do not provide services to individuals or entities from countries sanctioned by international regulators.
• Users attempting to bypass geographical restrictions using VPNs or proxies may have their accounts restricted.
• Our platform screens users against global sanction lists, including those issued by the United Nations, OFAC, and the European Union.

10. Record-Keeping & Data Retention

• All KYC documents, transaction records, and compliance reports are securely stored.
• Records are maintained for at least five (5) years after account closure.
• Data is handled according to strict confidentiality policies but may be disclosed if required by law.

11. Training & Compliance

• Our team undergoes continuous AML training to ensure compliance with regulations.
• Employees are required to identify and report suspicious activity as part of their responsibilities.
• We regularly update our AML procedures to reflect changes in global financial laws.

12. Risk-Based Approach

Our AML framework follows a risk-based approach, ensuring that higher-risk users and transactions receive greater scrutiny. We assess risk levels based on user profiles, geographical location, transaction volume, and behavioral patterns.

13. Consequences of AML Violations

• Users found violating AML policies may face permanent account termination.
• Funds involved in illicit activities may be frozen and reported to authorities.
• Legal action may be taken against individuals engaged in financial crimes.

14. Updates to the AML Policy

• We reserve the right to update this AML Policy at any time.
• Changes will be communicated through our website.
• Users must review this policy periodically to remain compliant.

15. Governing Law & Jurisdiction

This AML Policy is governed by the laws of England. Any disputes or violations related to this policy will be handled in accordance with applicable legal frameworks.