I purchased a DominionFunding challenge based on the public reputation and branding associated with Raja Banks and completed the evaluation.
My KYC was approved through their third-party provider, and I traded fully in compliance with the firm’s rules. No violations were raised at any stage.
When I requested a $4,083 payout (Account #107667), it was denied due to an AML screening result.
The screenshot shared with me showed multiple name matches labeled PL4, SIP, WARN, and SANC. All entries were marked “Unreviewed.” No confirmation was provided that any match shared my exact date of birth or identification number.
Despite multiple written requests, DominionFunding did not confirm:
• The specific sanctions database referenced
• Whether a verified identity match existed
• Any matching DOB or ID details
• The exact risk factor leading to denial
Instead, they issued a final decision and refunded only the challenge fee.
For clarity, I am not listed on any international sanctions database, and I am not involved in any AML investigation. I was fully willing to provide additional documentation, including my passport and proof of address.
Denying a payout based on an unreviewed name-based alert after successful KYC approval raises serious concerns about the payout review process.
I am sharing this experience so other traders can make informed decisions. I have all documentary proof if required.
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