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Anti-Money Laundering (AML) Policy

Effective Date: November 18, 2024

At Forexpedia.info, we are committed to complying with global anti-money laundering (AML) standards and ensuring the integrity of our platform. This AML Policy outlines our approach to preventing money laundering and other illicit financial activities.

1. Objective
Our AML Policy aims to:

  • Detect and prevent the use of our services for money laundering or other illegal activities.
  • Comply with applicable laws, regulations, and standards.
  • Foster transparency and accountability within our operations.

2. Know Your Customer (KYC) Requirements
To verify the identity of our users, we may request the following:

  • Government-issued identification (e.g., passport, driver’s license).
  • Proof of address (e.g., utility bill, bank statement).
  • Additional information as required by applicable regulations.

3. Monitoring Transactions
We actively monitor transactions to identify and report suspicious activities. This includes:

  • Reviewing transactions for unusual patterns or high-risk behaviors.
  • Conducting enhanced due diligence on transactions flagged as suspicious.

4. Record-Keeping
We maintain detailed records of:

  • Customer identification documents.
  • Transactions and communications.
  • Suspicious activity reports (SARs).
    These records are retained for a minimum of [Insert Duration, e.g., 5 years], as required by law.

5. Reporting Obligations
We are obligated to report suspicious transactions to relevant authorities promptly and cooperate fully with regulatory agencies.

6. Staff Training
Our staff is trained regularly to recognize and prevent money laundering activities, ensuring compliance with AML standards.

7. Non-Compliance
Failure to comply with this policy may result in account suspension, termination of services, or reporting to legal authorities.

8. Updates to This Policy
This AML Policy is reviewed periodically to ensure its effectiveness and compliance with evolving regulations. Updates will be communicated through our website.

9. Contact Us
For questions or concerns regarding this AML Policy, contact us at:
Email: enquiry@forexpedia.info