Nexora's comprehensive AML/KYC compliance framework ensuring the highest standards of financial security and regulatory adherence
Nexora Capital Markets Ltd. is committed to preventing money laundering, terrorist financing, and other financial crimes through robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. This policy outlines our comprehensive approach to compliance with international regulatory standards including FATF recommendations, EU directives, and local jurisdiction requirements.
Full adherence to international AML/CFT standards
Continuous transaction surveillance and analysis
Encrypted storage with comprehensive audit trails
Our AML/KYC policy is designed to comply with:
This policy is regularly reviewed and updated to reflect changes in regulatory requirements. All staff members and clients are expected to comply with the latest version available on our website.
KYC is the cornerstone of our AML compliance program. We implement rigorous identity verification processes for all clients before permitting any trading activity.
✓ Primary Identification Document
✓ Proof of Address (dated within 3 months)
✓ Additional Requirements (when applicable)
Enhanced Due Diligence is applied to high-risk clients, including but not limited to:
All submitted documents must meet the following standards:
Processing Time: KYC verification is typically completed within 24-48 hours. Enhanced Due Diligence cases may require 3-5 business days. Clients will be notified of any delays or additional requirements via email.
Nexora implements comprehensive AML controls to detect and prevent the three stages of money laundering: Placement, Layering, and Integration.
The initial entry of illicit funds into the financial system. Criminals may deposit funds in multiple small installments to avoid detection (structuring/smurfing).
Our Controls: Deposit pattern analysis, velocity checks, source of funds verification, and automated structuring detection.
Complex layers of financial transactions designed to obscure the audit trail and origin of funds. May involve multiple accounts, jurisdictions, or instruments.
Our Controls: Transaction path analysis, circular trading detection, unusual trading patterns monitoring, and cross-border transaction scrutiny.
Laundered funds re-enter the legitimate economy appearing as legal wealth. The funds are now difficult to distinguish from legitimately acquired assets.
Our Controls: Lifestyle consistency checks, wealth source validation, beneficial ownership verification, and ongoing monitoring of account activity.
All clients are screened against:
Continuous Monitoring: Screening is not a one-time event. All clients are subject to ongoing screening with real-time alerts for any status changes.
Nexora does not accept clients from the following high-risk jurisdictions:
This list is subject to change based on regulatory developments and is reviewed quarterly.
Nexora employs sophisticated automated systems combined with manual oversight to monitor all client transactions in real-time for suspicious patterns and anomalies.
Unusual Transaction Patterns
Sudden spikes in trading volume, deposits inconsistent with client profile, or transactions outside normal behavior patterns
Structuring (Smurfing)
Multiple deposits just below reporting thresholds, designed to avoid detection and regulatory reporting requirements
Round-Tripping
Circular fund movements with no apparent economic purpose, deposits followed immediately by withdrawals
Third-Party Payments
Deposits from or withdrawals to accounts not in the client's name, or payments from unexpected jurisdictions
High-Risk Jurisdictions
Transactions involving countries with weak AML controls, high corruption indices, or known for financial crime
Excessive Chargebacks
Multiple disputed transactions, frequent payment reversals, or patterns suggesting fraud or identity theft
All payment methods must be registered in the client's verified name. Third-party payments are strictly prohibited unless pre-approved with supporting documentation.
Withdrawals must be processed through the same payment method used for deposit, up to the deposited amount. This anti-laundering measure ensures fund traceability.
Example: If $1,000 deposited via Visa, first $1,000 of withdrawal must return to the same Visa card. Profits may be withdrawn via alternative verified methods.
When deposits are made via multiple payment methods, withdrawals are processed proportionally to the deposit amounts until all original deposits are returned to their source.
When our monitoring systems or staff identify suspicious transactions, we are legally obligated to file a Suspicious Activity Report (SAR) with relevant Financial Intelligence Units (FIUs) and regulatory authorities.
A SAR must be filed when there are reasonable grounds to suspect:
Suspicious activity identified through automated alerts or manual review. All evidence is collected and documented.
Compliance officer investigates and determines if activity meets SAR criteria. Supporting documentation gathered.
Report filed with appropriate authorities within regulatory deadlines (typically 30 days from detection).
Enhanced monitoring continues. Client may be subject to account restrictions or closure depending on risk assessment.
It is a criminal offense to inform a client that a SAR has been filed regarding their account ("tipping off"). All SAR filings are strictly confidential and protected by law.
Nexora employs a risk-based approach to AML compliance, allocating resources proportionate to the level of money laundering and terrorist financing risk.
Customer due diligence is not a one-time event. We conduct periodic reviews:
Our AML program undergoes annual independent audits by qualified external auditors. Audit findings are reviewed by senior management and the board, with remediation plans implemented for any identified deficiencies. Internal compliance reviews are conducted quarterly.
All employees, officers, and relevant third parties receive mandatory AML/KYC training appropriate to their role and responsibilities.
Initial Training
New employees complete AML training within 30 days of joining, covering regulatory requirements, internal policies, red flag indicators, and reporting procedures.
Ongoing Training
Annual refresher training for all staff, with specialized training for compliance, customer service, and management teams.
Training Topics Include:
In compliance with regulatory requirements, Nexora maintains comprehensive records of all AML/KYC activities:
Customer Identification Records
Retained for 5 years after account closure: ID documents, proof of address, source of funds documentation, beneficial ownership information
Transaction Records
Retained for 5 years: All deposits, withdrawals, trades, internal transfers, and payment instructions with full audit trail
Compliance Documentation
Retained for 7 years: SARs, internal investigations, risk assessments, audit reports, training records, correspondence with regulators
All AML/KYC records are stored securely with:
For more information, please refer to our Privacy Policy.
This AML/KYC Policy is reviewed annually or more frequently in response to regulatory changes, emerging risks, or audit findings. The current version is effective as of the date of last update shown on this page.
Last Updated: January 2026 |Version: 2.1
For questions regarding our AML/KYC procedures, or to report suspicious activity:
All compliance inquiries are treated confidentially and will be responded to within 2 business days.