1. Policy Objective
This policy defines controls used to prevent fraud, money laundering, terrorism financing, identity misuse, and other prohibited financial activity.
2. Customer Due Diligence (KYC)
- Users must provide accurate identity and account information during onboarding and profile updates.
- AxisVTU may request additional verification for higher-risk usage patterns or compliance checks.
- Accounts with unverifiable identity details may be restricted or suspended.
3. Transaction Monitoring
- Transactions are monitored for unusual patterns, velocity spikes, and suspicious behavior.
- High-risk events may trigger temporary account controls pending internal review.
- Where required, incidents are escalated to payment partners and relevant authorities.
4. Prohibited Activities
- Use of stolen funds or payment credentials.
- Structuring transactions to evade monitoring limits.
- Impersonation, account takeover attempts, or synthetic identity activity.
5. Record Keeping
AxisVTU retains compliance-relevant records, including account and transaction logs, for audit and legal obligations. Retention periods follow applicable operational and regulatory requirements.
6. Enforcement
Violations may result in verification requests, transaction reversal review, account restrictions, suspension, or termination. Serious cases may be reported to law enforcement or regulators where required.
7. Contact
For compliance inquiries, contact: mmtechglobe@gmail.com.