At Fintech Plus LTD (“we”, “our”, or “us”), we are fully committed to complying with all applicable Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations to prevent illicit activity, terrorist financing, and financial crime through our platform at www.fintcx.com.
This AML & KYC Policy outlines the measures we take to verify the identity of our users and monitor transactions in line with UK and global compliance standards.
- Purpose of This Policy
The purpose of this policy is to:
Prevent the use of our platform for money laundering, terrorism financing, and other illicit activities.
Ensure we know who our customers are and that they are acting in good faith.
Protect the integrity and reputation of Fintech Plus LTD as a trusted provider of digital asset services.
- Our Regulatory Obligation
As a UK-based company offering digital asset services, Fintech Plus LTD adheres to:
The UK Money Laundering Regulations 2017 (as amended)
FCA guidelines for crypto-asset businesses
FATF (Financial Action Task Force) international standards
We implement a risk-based approach to AML/KYC, adapting our verification and monitoring protocols to user profiles and transaction volumes.
- User Identification (KYC)
We are required to verify the identity of every user before granting access to our services. This process includes:
a) For Individual Users:
Full legal name
Date of birth
Nationality
Residential address
Government-issued ID (passport, driver’s license, etc.)
Selfie or biometric verification
Proof of address (e.g., utility bill, bank statement)
b) For Institutional Clients:
Company name and registration number
Country of incorporation
Articles of association or certificate of incorporation
Details of directors and ultimate beneficial owners (UBOs)
Proof of business address
Identification of authorized account representatives
We use secure third-party KYC/AML service providers to process and verify documentation.
- Ongoing Monitoring
Fintech Plus LTD continuously monitors user activity to detect:
Unusual patterns of behavior
Large or high-risk transactions
Activity inconsistent with a user’s profile
Use of mixing services, anonymizers, or high-risk wallet addresses
Suspicious activity may result in the temporary suspension of services, reporting to relevant authorities, or permanent account closure.
- Sanctions and High-Risk Jurisdictions
We do not accept users or transactions from:
Individuals on sanctions lists (e.g., OFAC, UN, EU, HMT)
High-risk jurisdictions identified by FATF or the UK Government
Users who attempt to obfuscate location or identity (e.g., via VPNs, false documents)
- Data Privacy & Retention
All personal and identification data collected for AML/KYC purposes is:
Handled in accordance with our [Privacy Policy]
Stored securely and encrypted
Retained for a minimum of 5 years after account closure, as required by law
- Reporting Obligations
Fintech Plus LTD reserves the right to:
File Suspicious Activity Reports (SARs) with appropriate financial intelligence units (FIUs)
Share data with regulators, law enforcement, or third-party providers if required by law
Cooperate fully in investigations related to fraud, money laundering, or terrorism financing
- User Responsibility
By using our platform, you agree to:
Provide truthful and accurate information
Submit all required verification documents in a timely manner
Inform us of any changes in personal or business information
Not engage in activities that violate AML/KYC regulations
- Policy Updates
This policy may be updated periodically to reflect changes in law, regulation, or internal procedures. Continued use of our services constitutes acceptance of the revised policy.
📩 Contact
For any questions or compliance-related concerns, please contact our AML/KYC team at:
compliance@fintcx.com