1. Introduction
Solex Funding, a trademark of Nova Learn LLC based in Silicon Oasis, Dubai, United Arab Emirates, is committed to maintaining the highest standards of compliance with applicable anti-money laundering (AML) laws and regulations. This AML Policy is intended to prevent and mitigate any risk of Solex Funding being used to facilitate money laundering or the financing of terrorist activities.
Solex Funding operates as an e-learning platform, providing trading education and evaluation services. We are not a broker, and we do not provide any form of financial brokerage services. However, we take our responsibility to detect and prevent money laundering and other illicit activities seriously, particularly in connection with any payments, withdrawals, or transactions conducted on our platform.
2. Know Your Customer (KYC) Verification
Solex Funding employs a comprehensive Know Your Customer (KYC) verification process internally. We use third-party services, such as Sumsub, to verify the identity of our clients when requesting payouts. KYC procedures are conducted to ensure that we maintain a clear understanding of our clients and their financial transactions, including source of funds and identity verification.
During the KYC process, we may collect personal information, such as identification documents, address proofs, and other relevant details. We reserve the right to request additional documentation if necessary to verify the legitimacy of funds or to comply with regulatory requirements.
3. Prohibited Clients and Restricted Countries
Solex Funding strictly adheres to its policy of not accepting clients from specific countries known for high AML risk or under international sanctions. These countries include, but are not limited to:
- Venezuela, Cuba, Belarus, Eritrea, Iran, North Korea, Russia, Ukraine, Iraq, Afghanistan, Congo, Yemen, Somalia, Libya, Central African Republic, Bosnia and Herzegovina, Burundi, Guinea, Guinea-Bissau, Mali, Myanmar, Nicaragua, Zimbabwe, Sudan, South Sudan, Lebanon, Bangladesh, Liberia, Syria.
Clients from these regions will not be permitted to register or use any of Solex Funding’s services. Any attempt to bypass this restriction will result in the immediate suspension of the account and forfeiture of access to our services.
4. Suspicious Activity Monitoring
Solex Funding continuously monitors account activity to identify any suspicious behavior that may be indicative of money laundering or other illegal activities. This includes, but is not limited to, unusual transaction volumes, unexpected account behaviors, multiple payment methods, or requests for payouts to unverified accounts.
If any suspicious activity is detected, Solex Funding reserves the right to:
- Suspend the client account immediately;
- Freeze any funds held in the account;
- Request further documentation or explanations regarding the suspicious activities; and
- Report the activities to the appropriate regulatory authorities if necessary.
5. Account Suspension and Funds Withholding
In cases where Solex Funding suspects money laundering or non-compliance with AML regulations, we may suspend the client’s account and withhold funds until a thorough investigation is completed. If it is determined that the client is involved in activities that violate our AML policies, Solex Funding reserves the right to refuse payout requests and to terminate the client’s account.
6. Prohibited Transactions
Solex Funding prohibits any activities or transactions that are illegal, deceptive, or violate applicable laws, including, but not limited to:
- Attempts to hide the true origin of funds;
- Using third-party accounts or shared financial accounts for conducting transactions;
- Fraudulent activities involving the manipulation of funds;
- The use of false identification documents or stolen credentials.
7. Reporting Obligations
In accordance with applicable AML regulations, Solex Funding may report suspicious activities to the appropriate regulatory authorities, including any attempts to launder money or finance terrorism. We are obligated to maintain client confidentiality, except as required by law, to prevent tipping-off those being investigated.
8. Client Responsibilities
Clients are expected to act honestly and provide accurate information during registration, KYC verification, and throughout their use of Solex Funding services. Any attempt to provide false, misleading, or incomplete information will be considered a breach of this AML policy and may result in the termination of services and the reporting of the activity to law enforcement authorities.
9. Training and Awareness
Solex Funding provides ongoing training for its employees to recognize and prevent money laundering activities. Employees are required to stay informed about new developments in AML laws and regulations to help maintain compliance and prevent illicit activities on our platform.
10. Policy Amendments
This AML Policy may be amended from time to time to reflect changes in legislation, industry standards, or company procedures. Any updates to the policy will be communicated through our official channels and will be effective immediately upon publication.
For any questions or further information regarding this AML Policy, please contact our compliance team at [email protected].