This page exists so you don't have to ask "is this legit" in a support chat. Everything we claim here should be checkable.
[Legal entity name] insert before launch
[Money transmitter / escrow license number] insert before launch
[State/national regulator name] insert before launch — verify directly on the regulator's public licensee search.
[States/countries where NEFIMS is licensed to operate] insert before launch
In plain terms — not legal boilerplate.
Client escrow funds are held in accounts separate from NEFIMS' own operating funds. They are never used to pay company expenses.
Funds are held at [partner bank name] insert before launch, subject to that institution's own deposit protections.
Escrowed funds are held as cash-equivalent balances only — never lent out or invested while a transaction is open.
Client-held balances are reconciled against bank records on a regular schedule as part of our compliance process.
Data in transit is encrypted with TLS 1.2 or higher. Sensitive data at rest is encrypted with AES-256.
Two-factor authentication is available on all accounts and required above defined transaction thresholds.
Parties to a funded transaction complete identity verification (KYC) in line with applicable anti-money-laundering requirements.
[Certification status — e.g. SOC 2 Type II] insert before launch, only if actually certified
Either party flags the transaction. Funds are automatically frozen — neither side can move them unilaterally.
Both sides submit documentation against the original agreement terms. A NEFIMS case reviewer evaluates it.
Funds are released, refunded, or split according to the agreement terms and evidence. Average resolution time: [X business days] insert real figure.