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Anti Money Laundering Policy
Last updated May 18, 2022
This Policy contains information on the fact that DXS Brokerage Ltd. (the “Company”) maintains high standards of anti-money laundering (AML) and combating the financing of terrorism (CFT). In view of this, the Company takes a package of measures aimed at money laundering detection and control in compliance with the international requirements on this aspect.
With this in mind, it is crucial to note that all Customers must abide by the Company's Terms and Conditions and should always exercise due diligence in following local laws and regulations when using our services.
1.1. The Company reserves the right to identify and verify the Customer based on the documents and data both in the beginning and in the process of rendering services to the Customer.
1.2. At the Company’s request the Customer shall provide to the Company the identifying information which includes the full name of the Customer, his/her date of birth, country of residence, telephone number and e-mail.
1.3. After the Company has obtained the identifying information it shall perform verification of the Customer by requesting appropriate documents.
1.3.1. A high-quality scanned copy or photo of the passport, driver’s license or any other identity verification document shall serve as a document intended to verify the Customer’s identity.
1.3.2. A copy of an utility bill or a bank statement shall serve as a document proving the Customer’s address of residence.
1.4. The Company shall carry out a regular comprehensive inspection of the Customer and his/her Accounts in order to determine the risk they can bear and detect changes in the Customer’s details.
1.5. If the Company believes that cooperation with the Customer bears a high risk of money laundering or financing of terrorism the Company shall have a right to request for any other additional documents it considers necessary in this situation.
1.6. The Customer shall immediately inform the Company about any change in his/her personal data or contact details.
2.1. To minimise the risk of money laundering and financing of terrorism the Company shall not accept money in cash as a deposit or pay money in cash under any circumstances.
2.2. The Company shall reserve the right to refuse to process any transaction at any stage if it believes that the transaction is related in any way with money laundering or criminal activities.
2.3. In accordance with the international legislation the Company shall not inform the Customer that the appropriate authorities have been notified about his/her suspicious activity.
2.4. When making a replenishment transaction, the name of the sender of the funds has to correspond completely to the name specified upon the registration of the account. Payments from third parties shall not be accepted.
2.5. The Company shall require adherence to the commonly agreed procedure of replenishment and withdrawal of funds. The funds may be withdrawn to the same account and using the same method which has been used for the replenishment. Upon withdrawal the name of the recipient has to correspond completely to the Customer’s name in the Company’s database.
2.6. To implement the procedures of anti-money laundering, the withdrawal of funds shall be made in the currency in which the replenishment has been made.
2.7. The Company shall keep information about the transaction for 5 years from the date of expiration of the Agreement with the Customer.
3.1. The Company shall reserve the right to change the AML Policy at any time. For this reason, the Company requests that the customer reread the AML Policy on a regular basis in order to remain aware of the current policy. In the event that the Customer continues to use the services of the Website or visit it he/she shall agree automatically with the changes in this Policy.
Last modified 1mo ago