AML / KYC Policy

fipneXt is committed to preventing money laundering, terrorist financing, and other illicit activity on its platform. This policy outlines the controls, procedures, and obligations applied to all users and counterparties.

This policy applies to all individuals and entities granted access to fipneXt, including invited users, contractual counterparties, and authorised representatives.

Before access is granted, fipneXt collects and verifies identification documents, proof of address, and beneficial ownership information for corporate users.

• Government-issued photo ID
• Proof of address (utility bill, bank statement)
• Beneficial ownership disclosures (corporate accounts)
• Source of funds declarations where applicable

EDD is applied to users identified as higher-risk, including politically exposed persons (PEPs), users from higher-risk jurisdictions, and large transaction profiles.

fipneXt monitors user activity on a continuous basis using automated systems and manual review to detect unusual or suspicious patterns.

All users and counterparties are screened against applicable international sanctions lists at onboarding and on a recurring basis.

fipneXt reports suspicious transactions to the appropriate financial intelligence units in accordance with applicable law, including FIU-related obligations where relevant.

Identification records, transaction records, and supporting documentation are retained for the minimum period required by applicable regulations.

Personnel with access to user data or transaction monitoring receive periodic AML/KYC training tailored to their role.

The AML/KYC programme is overseen by a designated compliance function and is reviewed periodically to reflect regulatory developments and platform changes.