Compliance

None of this applies to AVORA

AVORA is a demonstration project. It holds no banking licence, is authorised by no regulator, takes no deposits and sells nothing. This document is written to show the shape and tone such a document takes, and creates no rights or obligations for anyone.

This page describes what a firm offering these products would be bound by. It is written in the conditional throughout, because AVORA is bound by none of it.

What a real firm would carry

A licensed institution offering cards, payments and currency conversion would be subject to at least:

• Customer due diligence and identity verification before an account opens.
• Ongoing transaction monitoring, with reporting obligations on suspicious activity.
• Sanctions and politically-exposed-person screening at onboarding and continuously after it.
• Segregation of customer funds from the firm's own money, with periodic independent attestation.
• Record retention for a statutory period after a relationship ends.
• Complaints handling with a stated response time and a route to an external ombudsman.
• Operational resilience testing and incident reporting to its regulator.

Why we do not name a regulator

A fictional bank printing a real regulator's name, or an invented registration number, is not decoration — it is a forged credential, and it is the single most harmful thing a demonstration of this kind could do. So there is no regulator named anywhere on this site, and no number to look up.