KYC & AML Policy

In practice, KYC at Iron Fundalis means we collect and confirm a small set of basic facts about you: your full legal name, your date of birth, your country of residence, your contact details and the payment method you intend to use. We compare the details you typed into the sign-up form with the details shown on the documents you upload.

What we do not do

We will never ask for your internet banking credentials, complete card PIN, or device access permissions. Our staff members are instructed never to solicit these details. Should you receive such a request, it does not originate from us and must be reported via the abuse reporting mechanism.

AML controls are broader than a one-off identity check. They cover risk classification of new accounts, sanctions and politically-exposed-person screening, limits on unusual funding patterns, record keeping, internal escalation of suspicious activity and, where the applicable law requires it, reporting to the competent authority.

In situations where AML compliance requirements and customer directives are at odds, AML compliance takes precedence. This may result in transaction postponement, a demand for further supporting documentation, or temporary account limitations pending resolution.

1. 01

   Legal obligation

   Services that hold or transmit client funds are generally required to identify their clients before providing the service. This is not optional and applies to every account without exception.

2. 02

   Protecting your money

   Verification establishes a verifiable connection between an account and a single, identifiable person. This substantially reduces the risk of unauthorised account compromise, and ensures that funds can only be returned via payment channels that have been validated as yours.

3. 03

   Keeping the platform clean

   Screening prevents individuals or entities under sanctions and opaque corporate structures from operating on our platform, thereby safeguarding all other users.

4. 04

   Faster payouts later

   An account verified up front does not have to stop for checks at withdrawal time, which is when delays are least welcome.

1. Identity document

A government-issued document that shows your photograph, full name, date of birth, document number and expiry date. Commonly accepted types are a passport, a national identity card, or a driving licence where it is issued as a photographic identity document. The document must be valid and not expired.

2. Proof of address

A recent document, usually issued within the last few months, showing your name and your residential address as it appears on your account. Typical examples are a utility statement, a bank or card statement, a local tax or municipal notice, or an official letter from a public authority. Post-office boxes and addresses belonging to someone else are not accepted.

3. Proof of payment method

Evidence that the funding instrument belongs to you. For a card, that is normally an image of the card showing your name, the first six and last four digits and the expiry date, with the remaining digits and the security code covered. For a transfer from a bank account, that is a statement or confirmation in your name showing the account identifier. For an electronic wallet, a screenshot of the account profile showing your name and the account identifier.

Formats and file size

Upload limits, accepted file types and any additional document requests are shown in the verification area of your account. Documents in a language other than the account language may require a translation; the compliance team will tell you if that applies.

1. 01

   Register

   Register using your true legal name, birth date, location of residence, email address and contact number. Discrepancies between your supplied details and your submitted identification represent the primary source of processing delays.

2. 02

   Confirm contact details

   Validate your email address and, if necessary, confirm your phone number. This verification demonstrates that these communication methods are under your control.

3. 03

   Upload your identity document

   Upload the pages that carry your photograph and personal data. Some checks include a short liveness or selfie step to confirm the document belongs to the person holding it.

4. 04

   Upload proof of address

   Upload a recent qualifying document in your name at the address on file.

5. 05

   Confirm the payment method

   Provide proof of the instrument you will use to fund and to receive withdrawals.

6. 06

   Screening and review

   The verification unit examines your submission, executes mandatory sanction and risk assessments, and either authorises the account or requests amendments.

7. 07

   Confirmation

   You will be notified when your account status is updated. Your current verification status is continuously available within your account's verification section.

Review times depend on volume, on the quality of the uploads and on whether any additional screening is triggered. The processing window that applies to your account, together with the current status of each document, is shown in your account area - that published figure is the one to rely on, not any figure quoted elsewhere.

• Clear, complete, unedited uploads are reviewed fastest.
• Applications received outside standard operating hours will be processed during the subsequent business day.
• Enhanced review, where required, adds time and is communicated to you.

Should any ruling be ambiguous, reach out to support for clarification. We will provide details to the extent permitted by legislation.

What is monitored

Deposit and withdrawal behaviour, switching between payment methods, relocation or contact information changes, engagement patterns inconsistent with your initial registration information, and any activity identified by our screening mechanisms.

What can happen as a result

• A demand for current documentation or justification regarding fund origins.
• A freeze on a particular transfer during the examination phase.
• Adjustment of the limits published in your account.
• Suspension or termination of the account where statutory provisions mandate it.

Records

Identifying information and payment histories are preserved in accordance with applicable regulatory periods following account termination, and are managed pursuant to our Privacy Policy. In certain circumstances the law prevents us from telling a client that a report has been made.

• Give accurate, current and complete information, and keep it up to date.
• Use only your own funds and your own payment instruments - never someone else's.
• Keep one account only, and keep your credentials private.
• Respond to document requests within the timeframe stated in the request.
• Tell us promptly if you change country of residence, legal name or payment method.
• Notify us without delay of any suspected unauthorised usage of your account.

Submitting falsified or altered documents is a serious matter. It leads to closure of the account and, where applicable law requires, notification of the competent authority.

Licenses & regulatory information