Anti-Money Laundering (AML) & KYC Policy
Qutexx guidelines regarding client verification, fraud suppression, and source of funds verification.
1. Customer Due Diligence (KYC)
To prevent financial malfeasance, identity theft, and terrorist financing, Qutexx conducts risk-based Customer Due Diligence (CDD). Basic trading activities require email verification and telephone validation.
When aggregate withdrawal thresholds or high-velocity deposit tiers are reached, users may be requested to furnish government-issued photo identification (Passport, National ID card, or Driver License) and proof of residential address.
2. Ongoing Transaction Monitoring
Automated heuristics monitor all deposit UTR submissions and withdrawal destinations. Suspicious patterns—including rapid cycling of funds without genuine trading activity, multiple mismatched bank handles, or proxy IP clustering—are flagged for manual review.
In cases where unexplained fund movements are identified, Qutexx reserves the right to temporarily suspend withdrawal requests until legitimate source of funds documentation is confirmed.
3. Politically Exposed Persons (PEP) & Sanctions
Qutexx checks accounts against global sanctions databases, including UN, OFAC, and EU sanctions lists. Individuals subject to statutory economic sanctions are barred from opening or maintaining accounts on Qutexx.