Between the Company and a Client
This document describes the anti-money laundering policy of the Company and its involvement in detecting and preventing any activity connected with money-laundering, financing terrorism and potential use of the Company’s products and services with a purpose of money-laundering (hereinafter- AML policy).
Laundering proceeds of crime – is the action of conversion money or other money-and credit instruments, derived from criminal activity, into the money or investments that seem lawful so that its illegal source cannot be tracked. Domestic and international legislations, applied to the companies whose clients can deposit on and withdraw monetary funds from their accounts, make it illegal for the Company’s partners to deliberately effect or participate in financial transactions with the criminalized monetary funds.
The aim of the anti-money laundering procedures is to guarantee that the clients, participating in financial transactions with the involvement of the Company website, are identified under reasonable standards with the minimum identity data set for the lawabiding clients. The company has developed the internal anti-money laundering and combating the financing of terrorism policy in accordance with the international legislation requirements. The company carefully monitors any suspicious actions and transactions and reports such actions to the appropriate authorities in due time. In order to minimize the risks of money laundering and terrorism financing the Company does not receive cash on a deposit and does not make any payments in cash under any circumstances.
The Company reserves the right to abandon the transaction processing at any stage in case if the transaction deems to be in any way connected with the money laundering or criminal activity. In accordance with the international legislation, the Company is not entitled to inform a Client that his criminal activity has been reported to the appropriate authorities.
- The minimum required identity data set necessary for opening a real trading account includes:
- Full name (surname, name and patronymic name);
- Registration and financial e-mail; · – A Client’s residential or business address;
- Telephone number.
In order to execute the anti-money laundering laws the Company can demand from its Client to present two documents verifying his identity. The first document that can be demanded by the Company is an unexpired identification document that bears a Client’s photograph issued by the jurisdictional government. It can be a passport, a driving license (for the countries where a driving license is a primary identification document) or a local identity card (except an in-company access card).