Anti-money-laundering policy.
How we meet our regulatory obligations to prevent money-laundering and the financing of terrorism — without making the platform unusable for the legitimate subscribers we are built to serve.
Our commitment
Nexilon Varentis operates under the highest standards of anti-money-laundering and counter-terrorism-financing compliance, in line with applicable EU and international regulations including the EU Anti-Money-Laundering Directives (currently AMLD6), the Financial Action Task Force (FATF) recommendations, and relevant national legislation. The platform is a regulated obliged entity in all jurisdictions in which it operates, and our Chief Compliance Officer holds direct responsibility for our regulatory standing.
Customer due diligence
All new subscribers undergo Know-Your-Customer verification before they can deposit, trade, or withdraw funds. Verification includes:
- Confirmation of identity via government-issued identification document
- Proof of residential address (utility bill, bank statement, or equivalent dated within the last three months)
- Where required by the risk profile, source-of-funds documentation
- Sanctions screening against EU, UK, US (OFAC), and UN consolidated lists
Enhanced due diligence is applied to subscribers identified as politically exposed persons (PEPs), to subscribers in higher-risk jurisdictions, and to transactions that meet defined risk thresholds. EDD includes additional documentation requirements and senior-management approval before the subscription is activated.
Ongoing monitoring
Transaction patterns are monitored continuously. Activity that meets defined suspicious-activity thresholds is reviewed by our compliance team and, where appropriate, reported to the relevant Financial Intelligence Unit in line with applicable national law. We do not notify subscribers of submitted suspicious-activity reports, as we are prohibited from doing so by the same law.
Restricted jurisdictions
We do not accept subscriptions from sanctioned jurisdictions or from individuals on consolidated sanctions lists. We also do not accept subscriptions from certain jurisdictions for which we do not currently hold appropriate regulatory permissions. The current list of restricted jurisdictions is maintained in the platform and updated as required by changes in applicable law.
Reporting obligations
We file regulatory reports as required by the jurisdictions in which we operate, including currency-transaction reports, suspicious-activity reports, and threshold reports for digital-asset transactions. All filings are made through our designated Money-Laundering Reporting Officer.
Training and governance
All Nexilon Varentis personnel with access to subscriber data undergo annual AML and counter-terrorism-financing training, with role-specific deep-dives for staff in Coverage, Compliance, and Operations. AML policy itself is reviewed and approved by the Board of Directors at least annually, and at any other time required by material changes in applicable law.
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