AML & KYC Policy
NextGen Trader Group LTD ("NextGen Trader," "we," "us," "our") is committed to preventing the use of its Services for money laundering, terrorist financing, fraud, or violation of applicable sanctions regimes. This policy outlines our approach to Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance.
1. Identity Verification (Kyc)
Before granting access to a funded account or processing any payout, we require participants to complete an identity verification process, which may include: government-issued photo identification; proof of address (such as a recent utility bill or bank statement); and, where applicable, source-of-funds documentation. We reserve the right to request additional documentation at any time.
2. When Verification Is Required
Identity verification is generally required before your first payout request is processed, and may also be required at Challenge purchase, upon reaching a funded account, or at any other point where we deem it necessary for compliance or fraud-prevention purposes.
3. Sanctions Screening
We screen participants against applicable sanctions lists and will not knowingly provide Services to individuals or entities located in, or resident of, sanctioned jurisdictions, or who appear on relevant sanctions lists. Where a match or potential match is identified, we reserve the right to suspend the account and, where required, report the matter to the relevant authorities.
4. Suspicious Activity
We monitor account activity for patterns consistent with money laundering, fraud, or attempts to circumvent our Challenge rules (such as coordinated trading between multiple accounts, use of falsified documentation, or structuring of payouts to avoid verification thresholds). Where suspicious activity is identified, we reserve the right to suspend the account, delay or deny payouts, and report the activity to the relevant authorities, without prior notice.
5. Consequences Of Non-Compliance
Failure to complete identity verification to our satisfaction, or provision of false or misleading information during the verification process, will result in suspension of the account and denial of any pending payout, without entitlement to a refund of Challenge fees, except as provided in our Refund Policy.
6. Record Keeping
We retain KYC and transaction records for as long as required by applicable law and our internal compliance policies, as further described in our Privacy Policy.
7. Reporting Obligations
Where required by applicable law, we may be obligated to report certain transactions or activities to relevant financial intelligence units or regulatory authorities. We are not permitted to notify a participant where such a report has been made ("tipping off").
8. Contact
Questions about this AML & KYC Policy? Contact support@nextgentrader.pro, or write to us at 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.