Anti-Money Laundering (AML) Policy

1. Introduction

Funded Edge is committed to maintaining the highest standards of Anti-Money Laundering (AML) compliance. This policy outlines our procedures and controls designed to prevent the use of our platform for money laundering, terrorist financing, or any other illicit financial activity.

We operate as a skill-based sports prediction challenge platform. While our services do not constitute gambling, we recognize the importance of robust AML measures to protect the integrity of our platform and comply with applicable regulations.

2. Know Your Customer (KYC) Requirements

Funded Edge implements KYC procedures to verify the identity of all users who request payouts from the platform. We have engaged Didit (didit.me) as our designated KYC control provider for automated identity verification. Our KYC process includes:

• Identity Verification: Users must provide a valid government-issued photo ID (passport, driver's license, or national identity card). Verification is processed through Didit's automated identity verification platform, which performs document authentication and liveness checks.
• Proof of Address: A recent utility bill, bank statement, or official government document confirming the user's residential address (dated within the last 3 months).
• Automated Verification: Didit's verification platform authenticates submitted documents, performs biometric liveness detection, and screens against global watchlists and sanctions databases in real time.
• Enhanced Due Diligence: Additional verification may be required for high-value transactions, politically exposed persons (PEPs), or users from high-risk jurisdictions.

3. Customer Due Diligence (CDD)

We perform due diligence on all users commensurate with the level of risk they present:

• Standard Due Diligence: Applied to all users upon registration and payout requests, including identity verification and address confirmation.
• Enhanced Due Diligence (EDD): Applied to users who present a higher risk, including those requesting large or frequent payouts, users from high-risk countries, or users flagged by our monitoring systems.
• Ongoing Monitoring: We continuously monitor user accounts and transactions for unusual or suspicious activity.

4. Transaction Monitoring

Funded Edge monitors all financial transactions on the platform to detect suspicious activity. Our monitoring includes:

• Monitoring payout requests for unusual patterns, frequency, or amounts.
• Tracking account activity to detect potential structuring or layering of funds.
• Identifying accounts with minimal challenge activity but frequent payout requests.
• Flagging accounts that show signs of collusion or coordinated activity.
• Reviewing accounts where the source of funds may not align with typical user behavior.

5. Suspicious Activity Reporting

Funded Edge will report any suspicious transactions or activities to the relevant authorities as required by law. Our procedures include:

• Internal investigation of flagged transactions by our compliance team.
• Filing of Suspicious Activity Reports (SARs) with appropriate financial intelligence units when required.
• Cooperation with law enforcement agencies in the investigation of suspected money laundering or terrorist financing.
• Preservation of all records related to suspicious activity for the legally required period.

6. Prohibited Activities

The following activities are strictly prohibited on the Funded Edge platform:

• Using the platform to launder money or the proceeds of crime.
• Financing terrorism or providing material support to terrorist organizations.
• Creating multiple accounts to circumvent payout limits or verification requirements.
• Using another person's identity or documents to register or verify an account.
• Providing false, misleading, or fraudulent information during the registration or verification process.
• Using anonymous payment methods or services designed to obscure the origin of funds.
• Structuring transactions to avoid reporting thresholds.

7. Payout Controls

To prevent the misuse of our platform, the following controls apply to all payouts:

• KYC verification must be completed before any payout is processed.
• Payouts are only made to verified payment methods belonging to the account holder.
• We do not permit payouts to third parties.
• All payout requests are subject to review by our team.
• We reserve the right to delay or refuse payouts where there is a suspicion of fraudulent or illicit activity.
• Payout methods are limited to PayPal and cryptocurrency wallets registered in the account holder's name.

8. Record Keeping

Funded Edge maintains comprehensive records in accordance with legal requirements:

• All KYC documentation and verification records are retained for a minimum of 5 years after account closure.
• Transaction records, including deposits, challenge entries, and payouts, are maintained for a minimum of 5 years.
• Records of suspicious activity reports and internal investigations are kept for the legally required period.
• All records are stored securely and are accessible for audit purposes.

9. Staff Training

All Funded Edge staff involved in customer-facing operations, compliance, and finance receive regular training on AML procedures, KYC requirements, and the identification of suspicious activity. Training is updated periodically to reflect changes in regulations and emerging threats.

10. Prohibited Jurisdictions

Funded Edge does not offer services to, and will not accept registrations, challenge entries, or payout requests from residents, nationals, or citizens of the following prohibited jurisdictions:

• Iran (Islamic Republic of Iran)
• North Korea (Democratic People's Republic of Korea)
• Myanmar (Republic of the Union of Myanmar)
• Russian Federation
• Belarus (Republic of Belarus)
• Occupied territories of Ukraine: Crimea, and parts of the Donetsk, Luhansk, Zaporizhzhia, and Kherson regions

This list is subject to periodic review and may be updated to reflect changes in international sanctions, regulatory guidance, or risk assessments. Users found to be accessing the platform from or residing in a prohibited jurisdiction will have their accounts suspended immediately and any pending payouts withheld pending investigation. Funded Edge reserves the right to expand this list at any time without prior notice.

11. Sanctions Compliance & Screening

Funded Edge screens users against applicable sanctions lists, including but not limited to:

• OFAC (Office of Foreign Assets Control) Specially Designated Nationals list.
• EU consolidated sanctions list.
• UN Security Council sanctions list.
• Any other applicable national or international sanctions lists.

Users found to be on any sanctions list will have their accounts immediately frozen and reported to the relevant authorities.

12. Risk Assessment

Funded Edge conducts periodic risk assessments to evaluate the money laundering and terrorist financing risks associated with our services. These assessments inform the design and implementation of our AML controls, ensuring they remain proportionate and effective.

13. Account Suspension and Termination

Funded Edge reserves the right to suspend or terminate any account where:

• The user fails to complete KYC verification within a reasonable timeframe.
• The user provides false or fraudulent documents.
• Suspicious activity is detected on the account.
• The user is found to be on a sanctions list.
• The user is suspected of using the platform for money laundering or other illicit purposes.

In such cases, any pending payouts may be withheld and funds may be frozen pending investigation.

14. Contact & Reporting

If you have any concerns about potential money laundering or suspicious activity on the Funded Edge platform, please contact our compliance team:

All reports are treated confidentially and investigated promptly.

15. Policy Updates

This AML Policy is reviewed and updated periodically to ensure it remains effective and compliant with applicable laws and regulations. Users will be notified of material changes to this policy via email or through our platform. Continued use of the platform after changes are published constitutes acceptance of the updated policy.