Help CenterAML (Anti–Money Laundering) refers to laws and compliance practices designed to prevent bad actors from using financial services to disguise the origin of illicit funds (the “proceeds of crime”).
CFT (Counter–Financing of Terrorism) refers to measures intended to prevent funds or assets from being used to support terrorist acts or organizations.
CPWMD (Countering the Proliferation Financing of Weapons of Mass Destruction) refers to measures aimed at preventing the use of financial services to support the financing of the proliferation of WMD, including attempts to evade relevant restrictions and sanctions.
We maintain AML/CFT/CPWMD controls because they are a legal and regulatory requirement for many financial and virtual asset service providers, and they are widely aligned with international standards (including FATF recommendations). These controls help us to:
- Protect users and the platform by reducing exposure to fraud, financial crime, and abuse.
- Detect and deter misuse of our services for money laundering, terrorism financing, or proliferation financing risks.
- Support market integrity and safe access to partners by meeting compliance expectations across the jurisdictions in which we operate.
NexPlace operates a comprehensive, multi-jurisdictional compliance framework aligned with international FATF standards and applicable local AML/CFT regulations.
These controls are designed to protect users and the platform by helping prevent fraud, money laundering, terrorist financing, sanctions breaches, and other forms of financial crime, while supporting a secure and trusted marketplace for digital assets.