Money laundering is the illegal process of hiding the sources of money received illegally by passing it through multiple banking transfers or converting money into investments that appear to be legitimate. This process returns the clean money to the launderer in an obscure and indirect way. National and international laws apply to companies whose clients can deposit and withdraw funds from their accounts.
The Company strictly follows the anti-money laundering and counter-terrorism financing policy provisions and requests that its employees fully comply with these standards.
The purpose of Anti-Money laundering procedures that the Company performs is to guarantee that the Client involving in specific activities are identified to a reasonable standard while reducing the compliance weight and impact on legitimate the Client. The Company is obliged to assist governments in fighting the threat of money laundering and financing terrorist activities worldwide. The Company records and checks the Client's identification documents and keeps detailed records of all transactions.
The Company carefully traces unusual and significant transaction activities and reports such activities "providing timely and comprehensive information" to law enforcement parties. To uphold the integrity of reporting systems and to safeguard businesses, the legislative framework provides forensic protection to such information providers.
To reduce the risk of money laundering and financing terrorist activities, the Company does not use cash payouts under any circumstances. The Company reserves the right to decline to process a transfer at any stage, where it assumes the transfer to be connected in any way to money laundering or criminal activities. It is prohibited for the Company to notify the Client that they have been reported for suspicious activities.
Identification and verification of the Clients
To comply with Anti-Money laundering laws, the Company requires some documents to verify the Client's identity. The principal document we require is a legal government-issued ID with the Client's photo on it. It may be a government-issued passport or local ID card (Company access cards are not permitted). The second document we require to withdraw funds is a bank book with the Client's name.
Customers are also required to update their identification and contact information immediately as soon as changes occur.
The Company requires that all deposits come from the sender, whose name matches the Client's name in the Company's records.
To withdraw from a trading account to one of the payment systems, the Client must send a withdrawal request via the Client's Cabinet. Suppose money has been lost while trading, it cannot be compensated by any means of a chargeback. Please check and accept the information about risks before you start trading. While making a withdrawal, the receiver's name must precisely match the Client's name in the Company's records.
The Clients may deposit funds using the following payment systems:
The Company may gather and verify the personal data of all clients.
The Company records and verifies all transactions performed by the Clients within the platform.
We may require to provide all or any of the following documents to open a personal account: national passport, travel passport, local identification card, driving license, utility bills, other documents from official authorities. We also reserve the right to request any other document that may be needed to verify the Client’s identity.
While opening the account, each Client must provide true information about their identity.
The Client should submit documents via a personal account as a .jpg, .png, or .pdf file with a maximum of 10 MB size.
The Client will see a specific set of necessary documents depending on the country where the Client is a resident.
There are no particular deadlines for providing documents, but some restrictions are applied.
The following restrictions are applied to the Clients who did not pass the verification completely:
The inspection period for recently submitted Client' documents is 24 hours.
All data that we gather is encrypted and stored on secured servers.
The following countries' laws forbid to use our financial services for their residents: USA, Canada, European Economic Area, Russia, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan, Iran, Liberia, Pakistan, Syria.