This Policy is meant to provide the information that CFDPROFX strictly complies with all applicable laws and regulations of anti-money laundering (AML) and countering the financing of terrorism (CFT) policies. Thereby CFDPROFX carries out group of actions aimed at revealing criminally-obtained funds and their legalization countermeasures in correspondence with the international requirements.
1. IDENTIFICATION AND VERIFICATION OF CLIENTS
1.1. According to AML and KYC (Know Your Client) policies, CFDPROFX identifies the Client and verifies their true identity on the basis of documents and data both at the moment of starting a business relationship with the Client and on ongoing basis.
1.2. While the registration process the Client provides the identification information to CFDPROFX including the Client’s full name, date of birth, country of residence, mobile number and e-mail.
1.3. After receiving the identification information CFDPROFX should verify the information requesting the appropriate documents.
1.3.1. The appropriate document verifying the Client’s identity is a high resolution scanned copy or a photo of a passport or a driving license or any other national ID.
1.3.2. The appropriate document verifying proof of address is a high-resolution copy or a photo of a utility bill or a bank reference issued within the last 3 months.
1.4. At CFDPROFX request the Client is required to provide a scanned copy or a photo of front and back side of the credit/debit card. The front side should show the cardholder’s full name, the expiry date and the first six and the last four digits of the card number. The back side should show the cardholder’s signature, CVC2/CVV2 code must be covered.
1.5. CFDPROFX shall monitor the Client due diligence and accounts on the regular basis in order to determine the level of risk they pose and to reveal whatever changes in information about the Client.
1.6. If CFDPROFX believes the business relationship with the Client to pose a potentially high risk of money laundering or terrorism financing, CFDPROFX is entitled to ask for whatever additional data and documents that may be deemed necessary in the situation. 1.7. The Client is obliged to inform immediately of any changes in the personal or contact information.
2. PAYMENT POLICY
2.1. In order to minimize the risk of money laundering and terrorism financing CFDPROFX neither accepts nor pays off cash money under no circumstances.
2.2. CFDPROFX reserves the right to refuse processing a transaction at its any stage, if the Company believes the transaction to be connected in any way with money laundering or criminal activity.
2.3. According to international legislation, CFDPROFX is prohibited from informing the Client that they have been reported for suspicious account activity.
2.4. The name of a person making a deposit of funds should be the same as the Client’s name in the Company’s records. Payments from third parties are not accepted.
2.5. CFDPROFX requires strict adherence to established deposit/withdrawal procedure. Funds can be withdrawn to the same account and using the same method as when depositing. When withdrawing, a name of a payee should be the same as the Client’s name in the CFDPROFX records. If the deposit has been made via wire transfer, the funds should be withdrawn via the same transfer to the same bank and to the same bank account as when depositing. If the deposit has been made by means of a payment system, the funds can be withdrawn via online transfer to the same payment system and to the same account as when depositing.
2.6. The compliance with the AML policy requires withdrawal of funds to be made in the same currency as when depositing.
2.7. CFDPROFX maintains transaction records for a minimum of 5 years after termination of the business relationship with the Client.