This AML Notice outlines Puridex’s anti-money laundering, anti-fraud, sanctions-screening, and transaction-monitoring approach in support of responsible platform use and compliance controls.
1. Purpose of This Notice
Puridex is committed to maintaining a platform environment that supports lawful use, responsible financial activity, platform integrity, and risk-based compliance controls. This AML Notice describes the general anti-money laundering, anti-fraud, sanctions-screening, and transaction-review measures that may apply to users and transactions on the platform.
2. Risk-Based Compliance Approach
Puridex may apply a risk-based approach to account review, transaction handling, and service availability. Different users, services, and transaction patterns may present different levels of risk and may therefore be subject to different compliance measures, review intensity, verification standards, or operational restrictions.
3. Customer Due Diligence and Screening
Puridex may conduct customer due diligence, identity review, screening, and ongoing compliance checks as reasonably necessary to support platform integrity and applicable obligations.
These checks may include:
- identity verification
- business verification
- sanctions-related review
- fraud-prevention review
- account ownership review
- enhanced due diligence in higher-risk cases
Users may be asked to provide additional information or documentation during onboarding or ongoing account use.
4. Transaction Monitoring
Puridex may monitor deposits, withdrawals, wallet activity, trades, merchant activity, and other platform transactions for unusual, suspicious, restricted, or higher-risk patterns.
Monitoring may include automated or manual review of:
- transaction size
- transaction frequency
- source and destination patterns
- account behavior
- inconsistencies in user profile or usage
- elevated-risk account or merchant activity
- repeat or structured activity that warrants review
5. Source-of-Funds and Activity Review
Where appropriate, Puridex may request explanations, records, or supporting evidence relating to the origin of funds, transaction purpose, source of wealth, business activity, account usage, or economic rationale for activity on the platform.
These reviews may be triggered by transaction size, unusual activity, verification concerns, compliance rules, security indicators, or legal obligations.
6. Sanctions, Fraud, and Restricted Activity Controls
Puridex may screen, review, restrict, or reject transactions or accounts where fraud risk, sanctions exposure, illicit-use concerns, unauthorized access indicators, abuse patterns, or other restricted-activity concerns are identified.
Puridex may also restrict or prohibit activity involving:
- misrepresentation or false identity
- stolen credentials or unauthorized account access
- prohibited payment or transaction behavior
- abuse of referral or promotional systems
- attempts to evade review, controls, or restrictions
- activity reasonably associated with illicit financial conduct
7. Reporting, Escalation, and Cooperation
Where required or reasonably necessary, Puridex may escalate suspicious or higher-risk activity internally, preserve records, cooperate with lawful requests, and take appropriate compliance or operational action.
This Notice does not describe every internal control or escalation process used by the platform and should not be interpreted as limiting Puridex’s ability to take protective or legally required action.
8. Account Restriction and Review Actions
Puridex may delay, review, reject, suspend, restrict, or terminate transactions or account access where risk, compliance, fraud-prevention, sanctions-screening, legal, or security concerns arise.
Possible actions may include:
- requesting additional information
- delaying feature access
- holding or reviewing a transaction
- disabling certain account functions
- freezing or restricting activity
- terminating services where necessary
9. User Obligations
Users of Puridex must:
- provide accurate and truthful information
- respond promptly to compliance-related requests
- avoid using the platform for unlawful, deceptive, or abusive purposes
- refrain from attempting to bypass verification, transaction review, or account restrictions
- ensure their use of the platform complies with applicable law
10. Recordkeeping
Puridex may maintain records relating to identity review, transaction activity, compliance review, support interaction, and account security for as long as reasonably necessary to operate the platform, satisfy legal or operational requirements, maintain auditable records, prevent abuse, resolve disputes, and support investigations or compliance functions.
11. No Tolerance for Illicit Use
Puridex does not permit the use of its platform for money laundering, fraud, sanctions evasion, account abuse, deceptive conduct, or other illicit or restricted activity. The platform may take protective or enforcement action where such concerns arise.
12. Changes to This Notice
Puridex may update this AML Notice from time to time to reflect changes in platform operations, compliance practices, legal requirements, or risk-management controls.
Updated versions may be posted on the platform with an updated effective or last-updated date. Continued use of the platform after such updates may constitute acknowledgment of the revised notice where legally permissible.
13. Contact Information
If you have questions regarding this AML Notice, you may contact support@puridex.pro.