1. Introduction
Elite Company s.r.o., operating the PropHelix platform (the “Company”), is committed to
preventing money laundering, terrorist financing, and breaches of international sanctions.
This Anti-Money Laundering Policy (the “Policy”) is intended to ensure compliance with the applicable laws of the Slovak Republic, the European Union, and relevant international standards.
2. Purpose of This Policy
The purpose of this Policy is to:
- prevent the misuse of the platform for financial crime
- ensure compliance with applicable regulatory requirements
- implement effective Know Your Customer (KYC) and monitoring procedures
- protect both the Company and its users
3. Business Model
PropHelix is a proprietary trading platform offering:
- simulated trading accounts
- trader evaluation programs
- the opportunity to obtain a simulated funded account
The Company:
- is not a broker
- does not manage client investments
- does not accept client funds for investment purposes
Any fees charged by the Company are solely for access to educational and simulated services.
4. Definition of Money Laundering
Money laundering refers to the process of disguising or legitimizing funds derived from criminal activity.
This may include, in particular:
- concealing the origin of funds
- manipulating transactions or assets to obscure their origin
- using funds obtained through illegal activity
5. Regulatory Framework
The Company complies with:
- the laws and regulations of the Slovak Republic
- applicable European Union directives, including AMLD
- international sanctions lists, including OFAC and the EU sanctions list
6. Customer Identification (KYC)
Users may be required to complete a KYC process before accessing selected services.
Required documentation may include:
- a valid government-issued identification document
- proof of address not older than 3 months
Additional verification may include:
- selfie or video verification
- payment method verification
- confirmation of source of funds
7. KYC Verification Process
Verification is considered complete once the following requirements have been successfully fulfilled:
- identity verification
- address verification
- biometric verification, where applicable
The Company uses both automated and manual verification checks, including:
- verification of government-issued documents
- biometric comparison
- screening against sanctions lists and PEP (Politically Exposed Persons) databases
8. KYC Provider
The Company uses an external identity verification provider:
Veriff
Veriff provides:
- automated identity verification
- biometric verification
- fraud detection services
9. Risk Management
The Company applies a risk-based approach and may assess, among other factors:
- the user’s country of residence or nationality
- account behavior
- payment patterns
- the existence of multiple accounts
Users identified as higher risk may be subject to Enhanced Due Diligence (EDD).
10. Monitoring of Activities
The Company monitors account and platform activity to identify:
- suspicious transactions
- unusual or abnormal behavior
- attempts to misuse the platform or its services
The Company reserves the right to:
- suspend an account
- reject transactions
- request additional information or documentation
11. Prohibited Jurisdictions
The Company does not provide services to users located in, or citizens of, the following countries:
- Iran
- North Korea
- Myanmar
- Russian Federation
- Belarus
This list may be amended in accordance with applicable sanctions regimes and updated sanctions lists.
12. Prohibited Activities
The following activities are strictly prohibited on the platform:
- money laundering
- fraud
- identity theft
- the use of stolen or unauthorized payment details
13. Reporting of Suspicious Activity
Where illegal or suspicious activity is suspected:
- an internal review may be conducted
- the Company may, and where required must, report such activity to the relevant authorities
14. Data Retention
The Company retains the following records:
- identification data
- transaction data
- verification documents
Such records are retained for a minimum period of 5 years in accordance with applicable legal requirements.
15. Data Protection
Personal data is processed in accordance with applicable data protection laws, including GDPR, and is stored securely.
16. Employee Training
Employees receive regular training in the areas of:
- anti-money laundering
- fraud detection
- compliance
17. Technological Tools
The Company uses appropriate technological tools and systems, including:
- monitoring systems
- database systems
- KYC tools, including Veriff
18. Cooperation with Authorities
The Company cooperates with:
- law enforcement authorities
- regulatory and supervisory authorities
19. Enforcement of This Policy
Any breach of this Policy may result in:
- account suspension
- termination of the business relationship
- legal action, where appropriate
20. AML Officer
The Company has appointed a responsible person (AML Officer) to oversee compliance with this Policy and the implementation of AML measures.
21. Contact Details
Email: support@prophelix.com
22. Company Details
Company Name: Elite Company s.r.o.
Brand: PropHelix
Registered Address: Hlavná 2901/61, 080 01 Prešov
Company ID (IČO): 57 504 440
23. Changes to This Policy
The Company reserves the right to amend or update this Policy at any time in accordance with applicable law or internal requirements.
Any updated version becomes effective upon publication on the Company’s website.