This document is published ahead of our launch on 1 October 2026 and will be finalised before the desk opens. Highlighted fields marked in yellow are pending confirmation. Nothing here is legal advice.
1. Why a prop firm has an AML policy
We pay real money out. That makes us a target for money laundering, and it obliges us to know who we are paying. This policy explains what we check and when.
2. Identity verification (KYC)
KYC is required before any reward is paid, not before you buy an evaluation. You can trade and pass without verifying; you cannot withdraw without it.
We require: government-issued photo ID, proof of address dated within [MONTHS] months, and a liveness check. Additional documentation may be requested where risk indicators are present.
3. Payouts go to the trader, and only the trader
- Rewards are paid only to an account in the verified trader's own name.
- We do not pay to third-party accounts, company accounts not matching the trader, or accounts in another name.
- Payment method and payout method must be consistent with the verified identity.
4. What we monitor
- Multiple accounts sharing identity, device, IP or payment instrument.
- Coordinated opposing positions across accounts, which is a forbidden practice.
- Trading patterns inconsistent with genuine attempts to pass an evaluation.
- Requests to redirect payouts to unrelated third parties.
5. Sanctions and restricted jurisdictions
We screen against applicable sanctions lists and do not provide services to sanctioned individuals or entities, or to residents of restricted jurisdictions: [LIST RESTRICTED JURISDICTIONS].
6. Consequences
Where we identify a breach we may suspend accounts, withhold rewards pending investigation, terminate the relationship, and report to the relevant authority. Multi-account abuse results in a permanent ban.
7. Record keeping
KYC and transaction records are retained as required by law, typically five years after the relationship ends. See our privacy policy.
8. Reporting
Concerns about suspicious activity: support@jiftypropdesk.com. Compliance contact: [COMPLIANCE OFFICER NAME AND EMAIL].