Aml policy

i-xtb > Aml policy

Money laundering involves concealing illegally acquired funds through lawful activities to make them appear legal and untraceable to their illicit origins. At our organization, we firmly oppose money laundering and explicitly prohibit any participation by our staff or representatives in such illicit financial transactions. Our Anti-Money Laundering (AML) policy is crafted to safeguard our clients and traders, incorporating features like advanced customer protection, transparent policies, and direct payment procedures.

To combat money laundering and ensure adherence to AML regulations, we implement the following strategies:

  • Customer Authentication: We meticulously authenticate customer identities by requesting official identification documents, such as passports, ID cards, or driver’s licenses. Additionally, we demand evidence of the customer’s current residential address, not exceeding three months old. Acceptable documents include bank statements, utility bills, or invoices from recognized organizations. In cases of credit card deposits, we only require the last four digits of the credit card.
  • Transaction Surveillance: Payments from third parties are not accepted. All deposits must be in the customer’s name and align with the registration documents. For withdrawals, funds must be returned to the same source from which they were deposited. This practice ensures compliance with AML regulations and minimizes the risk of our services being exploited for unlawful activities.
  • Reporting: As part of our AML obligations, we actively monitor and track suspicious transactions, promptly reporting any such activities to relevant law enforcement agencies. We retain the right to decline any transfer if it arouses suspicion of involvement in criminal activity or money laundering. However, we are legally restricted from disclosing to customers any reports on suspicious activities submitted to enforcement agencies.

We leverage highly advanced electronic systems to authenticate documents, monitor transactions, and analyze fund movements. Our dedication to AML measures aims to uphold a secure and trustworthy trading environment for all our clients.