Learn about our comprehensive compliance framework, regulatory adherence, and security standards that protect your financial data and transactions.
Last Updated: March 15, 2024
At iFlex Financial Technology Limited, compliance and security are fundamental to our operations. We maintain rigorous standards to protect your financial data and ensure regulatory adherence across all our services.
At iFlex Financial Technology Limited, we are committed to maintaining the highest standards of compliance, security, and regulatory adherence. Our comprehensive compliance framework ensures that we meet or exceed all applicable regulatory requirements while protecting our customers' data and financial transactions. This page outlines our compliance programs, certifications, and security practices that form the foundation of our trustworthy financial technology services.
Our compliance framework is designed to protect your financial data, prevent financial crime, and ensure the integrity of our financial systems. We continuously monitor regulatory changes and adapt our practices to maintain the highest standards of security and compliance.
We operate under a robust regulatory framework that includes compliance with multiple international and local regulations:
We are registered with the Financial Conduct Authority (FCA) in the United Kingdom under registration number 123456 for the provision of payment services and e-money issuance.
Our comprehensive compliance programs include:
Our Board of Directors receives quarterly compliance reports and oversees our compliance framework. We have established clear lines of accountability and reporting to ensure effective compliance governance.
Our Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures are designed to prevent financial crime and ensure the integrity of our financial system:
| Customer Risk Level | Verification Requirements | Monitoring Frequency |
|---|---|---|
| Low Risk | Basic ID verification | Monthly |
| Medium Risk | Enhanced ID verification | Weekly |
| High Risk | Full KYC with source of funds | Daily |
| Politically Exposed Person (PEP) | Enhanced due diligence | Continuous |
We implement industry-leading security standards to protect your data and transactions:
We use AES-256 encryption for data at rest and TLS 1.3 for data in transit. Our encryption keys are managed through a secure key management system with strict access controls and regular rotation.
Our commitment to security and compliance is validated through independent certifications and regular audits:
We prioritize the protection of your personal and financial data:
We have data processing agreements in place with all our third-party service providers to ensure they meet our high standards for data protection and security.
Our privacy practices comply with global standards:
| Regulation | Scope | Key Requirements |
|---|---|---|
| GDPR | European Union | Data subject rights, breach notification, lawful processing |
| CCPA | California, USA | Right to know, delete, opt-out of sale |
| PIPEDA | Canada | Consent, accountability, individual access |
| LGPD | Brazil | Data protection officer, impact assessments |
Our comprehensive risk management framework includes:
Completed annual risk assessment and updated risk register
Conducted penetration testing and vulnerability assessment
Performed business continuity and disaster recovery drill
Completed SOC 2 Type II audit and certification renewal
We respect and protect your rights as a customer:
To exercise your rights, please contact us at privacy@iflexfinance.com. We will respond to your request within 30 days as required by applicable regulations.
Our incident response framework ensures prompt action in case of security incidents:
We follow strict timelines for incident response: detection within 1 hour, initial assessment within 2 hours, containment within 4 hours, and full investigation within 24 hours of detection.
Our dedicated compliance team includes:
All employees complete mandatory compliance training upon onboarding and annually thereafter. Specialized training is provided for roles with higher compliance responsibilities.
For compliance-related inquiries, please contact our Compliance Department:
Email: compliance@iflexfinance.com
Address: iFlex Financial Technology Limited, 123 Financial District, London, UK
For regulatory reporting or whistleblower concerns, you may contact our Ethics Hotline at ethics@iflexfinance.com or call +44 20 1234 5678.