This Anti-Money Laundering and Counter-Terrorism Financing Policy (“Policy”) outlines controls enforced by Nezenx Pte. Ltd. (“Company”) to detect, prevent, and report money laundering, terrorist financing, sanctions violations, and other unlawful financial activities.
The Company complies with requirements of the Monetary Authority of Singapore (MAS), relevant sanctions authorities (e.g., OFAC), and international standards established by the Financial Action Task Force (FATF).
The Company adopts a risk-based approach (RBA), applying enhanced monitoring and additional screening where users, merchants, funding sources, or MCC categories indicate heightened exposure to AML/CFT risks.
3.1 All Users must complete identity verification before activation of Virtual Cards.
3.2 KYC records may include:
3.3 Any failure to provide requested information may delay onboarding or result in denial of services.
The Company performs continuous monitoring of User activities including:
Abnormal patterns may trigger suspension pending review.
Services are not available to individuals or entities:
Users must not indirectly interact with restricted jurisdictions through sub-accounts or third parties.
High-risk Users may require additional screening, including:
EDD may be performed periodically throughout service usage.
The Company may investigate, block, freeze, or report suspicious activity to:
Users are not entitled to disclosure of investigative details.
KYC and transactional data will be securely retained for a minimum period required under Singapore law and MAS guidance, including for potential audits, inquiries, or disputes.
Users agree to:
Non-compliance may result in immediate termination without refund.
This Policy may be updated at any time. Continued use of the Platform constitutes acceptance of the revised version.
