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Anti-Money Laundering Policy

Funding Serious Traders Trade Like a Pro – Tribe Funded

TribeFunded, accessible from https://tribefunded.com and owned and operated by Devionics Technology Limited, is committed to preventing money laundering, terrorist financing, and sanctions evasion. Adherence to UK legislation, FCA rules, and international standards is crucial to maintain integrity, reputation, and public trust.

This policy outlines the measures TribeFunded implements to ensure compliance with the UK AML framework, particularly the Money Laundering Regulations 2017 (MLR 2017), Proceeds of Crime Act 2002 (POCA), and the Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018).

 

Policy Objectives

  • Establish Clear Policies: Define and implement robust measures to prevent and detect money laundering and terrorist financing.
  • Compliance Responsibilities: Clearly assign AML duties to employees and contractors.
  • Integrate Legal Requirements: Ensure daily operations align with UK regulatory obligations.
  • Foster Compliance Culture: Promote a zero-tolerance stance on financial crime.

 

Definition of Money Laundering (UK Context)

Under POCA 2002, money laundering includes:

  • Concealing, disguising, converting, transferring, or removing criminal property from the UK.
  • Arrangements facilitating the acquisition, retention, use, or control of criminal property.
  • Acquiring, using, or possessing criminal property.

Failure to disclose suspicions (or attempts to “tip off” customers under investigation) may also constitute a criminal offence.

 

Applicable UK Laws & Regulations

TribeFunded complies with the following:

  • Proceeds of Crime Act 2002 (POCA)

     

  • Terrorism Act 2000

     

  • Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017)

     

  • Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018)

     

  • UK Financial Sanctions (OFSI guidance)

     

  • FCA Handbook (SYSC requirements on AML systems and controls)

     

 

Supervisory & Enforcement Authorities

  • Financial Conduct Authority (FCA): Supervisory authority for financial services compliance.
  • HM Revenue & Customs (HMRC): Supervisory authority for certain designated businesses.
  • UK Financial Intelligence Unit (UKFIU): Receives and analyses suspicious activity reports (SARs).
  • Office of Financial Sanctions Implementation (OFSI): Enforces financial sanctions.

 

Transaction Monitoring & Risk Controls

  • TribeFunded uses a risk-based approach to monitor transactions for unusual activity.
  • All KYC and payments are handled by Rise Pay, our authorised payment/compliance partner.
  • Manual and automated monitoring systems detect unusual or suspicious patterns.

 

KYC (Know Your Customer) Procedures

  • All customers undergo identity verification via Rise Pay before performance rewards are issued.
  • Required information includes:
    • Full Name
    • Date of Birth
    • Country of Residence
    • Verified Government-issued ID (passport, driving licence, or national ID)
  • No payouts or rewards are processed without successful verification.
  • TribeFunded does not store identification documents directly.

 

Prohibited Jurisdictions

TribeFunded does not engage with individuals or entities from jurisdictions subject to UK, EU, UN, or US OFAC sanctions, including (but not limited to):

  • Iran
  • North Korea
  • Russia
  • Belarus
  • Myanmar

This list is reviewed regularly in line with OFSI updates.

 

Suspicious Activity & Reporting

  • Suspicious activity is reported to the National Crime Agency (NCA) via a Suspicious Activity Report (SAR).
  • No customer is informed (“tipped off”) about SAR submissions, in compliance with POCA and MLR 2017.
  • Records of KYC, transactions, and reports are retained for at least five years.

 

Risk Rating & Ongoing Monitoring

  • Risk-based assessments are conducted on all customers.
  • Enhanced due diligence (EDD) applies to politically exposed persons (PEPs), high-risk jurisdictions, and complex structures.

 

Sanctions for Non-Compliance

Non-compliance with AML standards may result in:

  • Termination of customer relationship
  • Reporting to regulators and authorities
  • Civil penalties, fines, and/or criminal prosecution under UK law

 

Employee Training

  • All staff undergo annual AML/CTF training, covering:
    • Identifying and reporting suspicious activity
    • Customer due diligence (CDD/EDD) procedures
    • Sanctions and PEP screening obligations
  • Training records and updates are documented.

 

Compliance Oversight

  • A Designated Compliance Officer (MLRO – Money Laundering Reporting Officer) is responsible for ensuring AML/CTF compliance.
  • Regular audits and testing of AML procedures are conducted.

Copyright © 2025 Tribe Funded. All rights reserved.

TRIBE MARKETS LTD is responsible for providing educational and evaluation services in the field of simulated trading and for processing trader rewards. All accounts are demo accounts in a simulated environment with virtual funds. The Company does not accept client deposits or provide financial services.

TRIBE TECHNOLGY  LTD provides the technical infrastructure, including monitoring technology, issuing, and data analytics solutions used within the Tribe Funded platform.




Financial instrument trading, including trading activities referenced by or undertaken utilizing Tribe Markets LLC, involves substantial risk of loss and is not suitable for every investor. The valuation of financial instruments, such as foreign exchange contracts, futures, and options, may be highly volatile and fluctuate significantly and as a result, clients may lose or gain more than their initial trade order. The impact of seasonal and geopolitical events may be already factored into market prices. The highly leveraged nature of trading means that even small price movements may have a great impact on a trading account, potentially resulting in substantial losses or gains. The Funded Trader does not offer or provide trading or investment recommendations, and any trading or investment decisions you make are entirely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. The performance quoted represents past performance in a simulated environment and does not guarantee current or future performance or that losses will not occur.
All content published and distributed by Tribe Funded LLC, Tribe Funded, and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund. Use of the information contained on the Company’s websites is at your own risk and the Company and assumes no responsibility or liability for any use or misuse of such information. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Past Simulated Performance is not necessarily indicative of future results.
The simulated trading platform provided herein is offered solely for use with demo accounts and simulated trading environments. Users of the platform understand and acknowledge that simulated trading does not involve actual market orders or financial transactions and is intended to approximate real-world trading conditions uniformly for all users, subject to product guidelines. Users are trading on select markets through demo accounts in a simulated environment, and therefore any orders, trades or trading results are hypothetical or simulated.