AML POLICY

Cmarket legal documents presents our predominant commitment to safeguarding your personal funds and private information

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AML Policy

Cmarket does not tolerate money laundering and supports the fight against money launderers. Cmarket follows the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is a full member of the Financial Action Task Force (FATF), the intergovernmental body whose purpose is to combat money laundering and terrorist financing.

 

Cmarket now has policies in place to deter people from laundering money. These policies include:

Ensuring clients have valid proof of identification

Maintaining records of identification information

Determining that clients are not known or suspected terrorists by checking their names against lists of known or suspected terrorists

Informing clients that the information they provide may be used to verify their identity

Closely following clients’ money transactions

Not accepting cash, money orders, third party transactions, exchange houses transfer or Western Union transfers.

Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.

 

Money Laundering usually follows three stages:

 

Firstly, cash or cash equivalents are placed into the financial system

Secondly, money is transferred or moved to other accounts (e.g. futures accounts) through a series of financial transactions designed to obscure the origin of the money (e.g. executing trades with little or no financial risk or transferring account balances to other accounts)

And finally, the funds are re-introduced into the economy so that the funds appear to have come from legitimate sources (e.g. closing a futures account and transferring the funds to a bank account).

 

Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute financial transactions that help obscure the origins of the funds.

 Cmarket directs funds withdrawals back to the original source of remittance, as a preventative measure.

International Anti-Money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect and report potential suspicious activity.

 

These guidelines have been implemented to protect Cmarket and its clients.

 

For questions/comments regarding these guidelines, please contact us at [email protected]

 

 

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Disclaimer: Cmarketis an online trading platform provider. We are an industry leading FOREX brokers because we offer our investors the ability to trade underlying assets which include: Stocks, Commodities, Indices and Currency Pairs (FOREX) on an accurate and state of the art FOREX option trading platform. Cmarketadvises its clients to read our terms and conditions carefully before opening positions on our platform. Digital option quotes displayed on the Cmarketplatform are rates that the company is prepared to offer options at, and as a result may not necessarily correspond to the exact live market quotations. Trading FOREX contains risks which may result in partial or full loss of an investment. There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection.

The Company is not responsible for communication failures or delays when trading via the Internet. Any opinions, news, research, analyses, or other information contained on this website are provided as general market commentary and do not constitute investment advice. The Company is not liable for any loss or damage, including and without limitation to, any loss of profit which may arise directly or indirectly from use of or reliance on such information.