AML

For the purpose of protecting client funds and ensuring compliance with international standards, the Company takes all necessary measures to prevent and combat money laundering, terrorist financing, and the proliferation of weapons of mass destruction (AML/CFT Policy).

Accordingly, the Company adopts a strict approach to preventing all forms of illegal activity. To fulfill these obligations, the Company is required to report to the competent authorities if there are grounds to suspect that funds deposited into a client’s account are connected with illegal activity or terrorist financing. The Company is also obligated to freeze such funds and take the measures provided for under the AML/CFT Policy and applicable law.

Money laundering is the process of making illegally obtained proceeds appear legitimate. This process is generally divided into three stages: placement, layering, and integration.

Placement is the process of introducing illegally obtained funds into traditional financial institutions through deposits or other channels.

Layering is the process of concealing the origin of criminally obtained funds through complex financial transactions, such as converting cash into traveler’s checks, wire transfers, letters of credit, shares, bonds, or the purchase of assets.

Integration involves the use of seemingly legitimate transactions to disguise illicit proceeds, allowing the laundered funds to be distributed back to the offender and integrated into normal economic activity.

Illegal activity refers to activities carried out by any institution where there are indications that individuals involved in a transaction may be acting for fraudulent or unlawful purposes.

To prevent the infiltration of criminal capital into the national economy, many countries actively combat money laundering and terrorist financing.

The Company applies internal policies and procedures, as well as specific measures, to support international efforts in combating money laundering and terrorist financing worldwide.

In addition to the above, in accordance with anti-money laundering legislation, we inform you that any transaction in the amount of USD 10,000 (or the equivalent in your account currency) will be documented and reported to the relevant regulatory authority of Anjouan.

• You agree to comply with all applicable anti-money laundering and counter-terrorist financing laws and regulations, including the AML/CFT Policy.
• You confirm that all sources of your income are lawful and that the funds used to fund your account in the past, present, and future are not derived from any illegal source, are not connected with the laundering of illegally obtained proceeds, and are not related to any other unlawful activity in violation of applicable laws or international regulations.
• The Company reserves the right to request any information and documentation it deems necessary in accordance with applicable laws and regulatory requirements governing its business operations.
• The Company collects and retains a copy of the client’s passport or other identity document and records any changes made to the account.
• The Company reserves the right to identify and treat as suspicious any activity on a client’s account, as well as any transactions conducted through the account.