# AML & CFT Policy ### 1. Introduction Enexfi is committed to preventing money laundering and countering the financing of terrorism (AML/CFT). This policy outlines our comprehensive approach to detecting, preventing, and reporting suspicious activities in accordance with applicable laws and regulations. ### 2. Our Commitment Enexfi maintains a zero-tolerance policy towards money laundering and terrorist financing. We are committed to: * Compliance with all applicable AML/CFT laws and regulations * Detection and prevention of suspicious transactions * Timely reporting of suspicious activities to relevant authorities * Regular training of staff on AML/CFT procedures * Ongoing review and enhancement of our AML/CFT framework ### 3. Know Your Customer (KYC) Requirements To comply with AML/CFT regulations, we require all users to complete identity verification. Our KYC process includes: * Identity verification using government-issued identification * Address verification through utility bills or bank statements * Source of funds verification for significant transactions * Ongoing monitoring of user accounts and transactions * Enhanced due diligence for high-risk customers Users who fail to complete KYC verification may have their accounts restricted or suspended until verification is completed. ### 4. Transaction Monitoring We employ automated and manual monitoring systems to detect suspicious activities, including: * Unusual transaction patterns or volumes * Rapid movement of funds without clear purpose * Structuring transactions to avoid reporting thresholds * Transactions involving sanctioned individuals or entities * Transactions involving Politically Exposed Persons (PEPs) * High-risk jurisdictions or countries ### 5. Suspicious Activity Reporting When we identify suspicious activities, we will: * Conduct thorough investigation of the activity * File Suspicious Activity Reports (SARs) with relevant authorities * Freeze or restrict accounts if necessary * Cooperate fully with law enforcement and regulatory bodies * Maintain confidentiality of reports as required by law Users will not be notified when a SAR is filed, as this could compromise the investigation. ### 6. Sanctions Screening Enexfi screens all users and transactions against international sanctions lists, including: * United Nations sanctions lists * US Office of Foreign Assets Control (OFAC) sanctions * European Union sanctions lists * Other relevant national and international sanctions We prohibit transactions with individuals, entities, or countries subject to sanctions. Accounts found to be in violation will be immediately closed. ### 7. Record Keeping We maintain comprehensive records of all transactions and customer information, including: * Identity verification documents * Transaction records and history * Customer communications and correspondence * Suspicious activity reports and investigations * Records are retained for a minimum of 5 years as required by law ### 8. User Obligations Users are required to: * Provide accurate and complete information during registration and verification * Update information promptly when it changes * Comply with all applicable laws and regulations * Report any suspicious activities they observe * Not use the platform for illegal purposes or money laundering * Cooperate with our compliance and investigation processes ### 9. Consequences of Non-Compliance Failure to comply with AML/CFT requirements may result in: * Account restrictions or limitations * Account suspension or closure * Transaction rejection or reversal * Reporting to law enforcement authorities * Legal action and prosecution ### 10. Policy Updates This AML/CFT policy may be updated periodically to reflect changes in laws, regulations, or our business practices. Users will be notified of significant changes. Continued use of the platform after policy updates constitutes acceptance of the revised policy. ### 11. Contact Information For questions about our AML/CFT policy or to report suspicious activities, please contact us at: **Email:** \ **Support:** [Contact Support](https://enexfi.com/contact.php) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://enexfi.gitbook.io/enexfi/legal-and-compliance/aml-and-cft-policy.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.