Anti-Money Laundering Policy
Last updated: May 12, 2025 · Effective: May 12, 2025
Our rigorous protocols to prevent illicit financial activities.
01.Commitment to Compliance
NerixPay is fully committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. We strictly adhere to the regulations of the Bank Secrecy Act (BSA), FATF recommendations, and the 6th Anti-Money Laundering Directive (6AMLD).
02.Customer Due Diligence (KYC)
All users must undergo rigorous Identity Verification before accessing our services. This includes government-issued ID verification, biometric liveness checks, and proof of address. Enhanced Due Diligence (EDD) is applied to high-risk customers and politically exposed persons (PEPs).
03.Transaction Monitoring
We employ AI-driven, real-time transaction monitoring to detect suspicious activities. Our systems analyze patterns, velocity, geographic markers, and known risk indicators to flag unusual behaviors for manual review by our compliance team.
04.Reporting Suspicious Activity
NerixPay is legally obligated to file Suspicious Activity Reports (SARs) with the relevant Financial Intelligence Units (e.g., FinCEN in the US, NCA in the UK) when we have reasonable grounds to suspect money laundering or terrorist financing. By law, we cannot inform the customer when a SAR is filed.
05.Sanctions Screening
All customers and transactions are continuously screened against global sanctions lists, including OFAC (USA), UN Security Council, EU Consolidated List, and HMT (UK). We do not provide services to individuals or entities located in sanctioned jurisdictions.
06.Record Keeping
In accordance with legal requirements, we retain all customer identification records, transaction data, and compliance investigation reports for a minimum of 5 years after the closure of an account or the execution of a transaction.