AML/KYC Policy

1. Overview

The operator of FYNX Funded ("Company," "we," "us") is committed to preventing the use of our platform for money laundering, terrorist financing, fraud, or other illicit activity. This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy describes the controls that may apply based on the services used, risk level, payment partners, and applicable law.

2. Definitions

• KYC (Know Your Customer): The process of verifying the identity of our users to ensure they are who they claim to be.
• AML (Anti-Money Laundering): A set of procedures, laws, and regulations designed to prevent the generation of income through illegal actions.
• PEP (Politically Exposed Person): An individual who holds or has held a prominent public function.
• Suspicious Activity: Any transaction or behavior that appears unusual, lacks economic rationale, or indicates potential money laundering or fraud.

3. KYC Requirements

Users may be required to provide the following documentation as part of our KYC verification process:

• Government-Issued Photo ID: Passport, national identity card, or driver's license.
• Proof of Address: Utility bill, bank statement, or government correspondence dated within the last 3 months.
• Selfie Verification: A live photo or video for facial comparison with the submitted ID.
• Source of Funds: In certain cases, documentation demonstrating the origin of funds used for purchases.

4. When KYC Is Required

KYC verification may be required at the following stages:

• Before Payout Processing: All users requesting a payout must complete KYC verification before funds are released.
• Account Registration: We may request verification during or after account creation at our discretion.
• Suspicious Activity Detection: If our monitoring systems flag unusual patterns, we may require additional verification.
• High-Value Transactions: Purchases or payouts exceeding certain thresholds may trigger enhanced due diligence.
• Periodic Re-Verification: We may periodically request updated documentation to maintain compliance.

5. AML Program

Our AML program includes the following components:

• Risk Assessment: Ongoing evaluation of money laundering and terrorist financing risks associated with our services.
• Customer Due Diligence (CDD): Standard verification procedures for all users.
• Enhanced Due Diligence (EDD): Additional scrutiny for high-risk users, PEPs, and users from high-risk jurisdictions.
• Sanctions Screening: Screening against international sanctions lists (OFAC, EU, UN, and other applicable lists).
• Staff Training: Regular training for team members on AML/KYC compliance procedures.

6. Prohibited Activities

The following activities are strictly prohibited on our platform:

• Using the platform for money laundering or terrorist financing
• Providing false, misleading, or fraudulent identity information
• Using stolen payment methods or third-party accounts without authorization
• Circumventing or attempting to circumvent KYC/AML controls
• Operating accounts on behalf of sanctioned individuals or entities
• Any activity that violates applicable anti-money laundering laws

7. Transaction Monitoring

We employ automated and manual monitoring systems to detect suspicious transactions and patterns. This includes monitoring for unusual purchase patterns, rapid account cycling, multiple accounts linked to the same identity or payment method, and transactions that appear to have no legitimate business purpose. We reserve the right to freeze accounts, delay payouts, or terminate services pending investigation.

8. Reporting Obligations

Reporting responsibilities and cooperation procedures must be confirmed with qualified counsel and the relevant service providers before launch. This page does not represent that FYNX is a regulated financial institution or that a regulatory reporting program is operational.

9. Data Handling & Privacy

Personal data collected for KYC/AML purposes is handled in accordance with our Privacy Policy. Records are retained for the period required by applicable law and the policies of the verification provider. Access is limited to authorized systems, personnel, and service providers as needed for verification, compliance, fraud prevention, and support.

10. Non-Compliance

Failure to provide requested KYC documentation or comply with our AML procedures may result in account suspension, termination of services, forfeiture of pending payouts, and/or reporting to relevant authorities. We reserve the right to refuse service to any individual or entity at our discretion.

11. Policy Updates

This AML/KYC Policy may be updated at any time to reflect changes in regulations, industry standards, or our internal procedures. Users will be notified of material changes. Continued use of the platform after changes constitutes acceptance of the updated policy.

12. Contact

For questions about our AML/KYC procedures or to submit verification documents, please contact us at compliance@fynxfunded.com.