1. Regulatory Commitment & Governance Scope
Effective Date: June 19, 2025. NexFyla and Nexfyla LLC are dedicated to maintaining the highest benchmarks of commercial integrity, financial transparency, and legal compliance. In strict accordance with the U.S. Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN Corporate Transparency Act, and international Financial Action Task Force (FATF) recommendations, we enforce robust verification measures to prevent identity theft, money laundering, terrorist financing, and illicit corporate structures.
2. Customer Identification Program (CIP)
Prior to incorporating any U.S. legal entity, issuing statutory registered agent representation, or submitting filings to the Internal Revenue Service (IRS), every founder and beneficial owner holding 25% or greater equity must successfully complete our identity validation protocol.
3. Acceptable Identification & Verification Documents
To satisfy Customer Identification Program (CIP) standards, applicants must provide:
- Primary Photo Identification: Valid, unexpired international passport containing machine-readable code, or official government national identity card.
- Proof of Residential Address: Recent utility bill (electricity, water, gas, or broadband) or bank account statement issued within the last ninety (90) days displaying full legal name and physical address.
- Corporate Documentation: Where an entity owns equity in the new U.S. company, certified certificate of incorporation, register of directors, and register of shareholders.
4. Sanctions Screening (OFAC) & Restricted Jurisdictions
NexFyla conducts automated real-time screening against the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list, European Union consolidated sanctions lists, and United Nations Security Council lists. NexFyla does not provide corporate formation or registered agent services to individuals or entities located in comprehensively sanctioned territories (including Cuba, Iran, North Korea, Syria, and sanctioned regions of Ukraine) or designated Politically Exposed Persons (PEPs) subject to asset freezes.
5. Ongoing Risk-Based Monitoring & Data Security
We maintain continuous risk-based compliance monitoring. All identification documents uploaded for KYC purposes are stored in encrypted, isolated security vaults and are never disclosed to third parties except as required by lawful subpoena or statutory government reporting.