AML / KYC policy

Last updated · 2026-05-01

Nexetro complies with applicable anti-money-laundering (AML) and know-your-customer (KYC) requirements. This page summarizes what that means for traders.

When we verify identity

We collect and verify identity information from every trader who reaches the funded stage, before any payout is processed. The verification is handled by a third-party KYC provider. [REVIEW WITH COUNSEL — provider name, retention]

What we collect for KYC

• Full legal name
• Date of birth
• Residential address
• Government-issued photo ID (passport, driver's license, or national ID)
• For some jurisdictions: a selfie liveness check
• For US traders subject to 1099 reporting: SSN or ITIN

Monitoring

We monitor trading activity and payout requests for patterns consistent with money laundering, structuring, or sanctions evasion. Suspicious activity is reported to the appropriate regulatory authority as required by law. Account holders are not notified of a report if doing so is prohibited (tipping-off provisions).

Restricted jurisdictions

We do not onboard traders from jurisdictions subject to comprehensive US sanctions (currently Cuba, Iran, North Korea, Syria, the Crimea and certain other regions of Ukraine, and Venezuela for the public sector). The list is updated as OFAC publishes changes. [REVIEW WITH COUNSEL — current list]

Record retention

KYC records are retained for at least 5 years after account closure, as required by US AML regulations.

Reporting concerns

If you have a concern about suspicious activity on our platform, contact compliance@nexetro.com.