AML Policy

NovaPay Trade is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. We require our team, contractors, and counterparties to adhere to these standards.

Know Your Customer (KYC)

All users must complete identity verification before they can deposit, trade, or withdraw above defined thresholds. We collect government-issued ID, proof of address, and may request additional documentation for enhanced due diligence.

Transaction Monitoring

We monitor activity in real time using automated rules and analyst review. Suspicious transactions are reported to the relevant Financial Intelligence Unit (FIU) as required by law.

Sanctions Screening

We screen users and counterparties against global sanctions lists (OFAC, UN, EU, UK HMT) at onboarding and on an ongoing basis.

Record Keeping

We retain transaction and identity records for the minimum period required by applicable law (typically 5–7 years).

Prohibited Activity

• Money laundering or terrorist financing
• Trading on behalf of sanctioned individuals or entities
• Use of mixers or anonymity-enhancing protocols to obscure source of funds

Reporting Concerns

Report suspected violations to compliance@novapaytrade.com.