Anti-money laundering and counter-terrorism financing
We follow strict AML standards to prevent money laundering and terrorism financing. Our team takes action to identify and stop any illegal financial activity on the platform. If we suspect that funds in your account come from criminal activity, we are required to notify the relevant authorities, freeze the funds and act in line with our AML policy.
Money laundering is defined as:
- concealing the source of illegal funds and keeping their origin and movement confidential,
- using or transferring illegally obtained assets to hide where they came from,
- taking part in financial transactions involving illegally obtained assets.
Countries around the world have put laws in place against these offences, and we make every effort to comply with them in full.
When you register on our platform, you agree to:
- follow all relevant laws and regulations on anti-money laundering and counter-terrorism financing,
- confirm that all funds deposited to your account come from a legal source,
- provide us with any information needed to meet our AML requirements.
By registering you confirm your funds are legally sourced and that you will cooperate with any verification requests we make.
We take the following steps to enforce our AML policy:
- maintaining and verifying identity documents and monitoring account activity for changes,
- tracking suspicious activity and flagging unusual transactions,
- suspending accounts where illegal activity is suspected.
We only request the minimum information needed for verification. All documents, methods used and their results are recorded and stored securely. Personal data is checked against databases of individuals suspected of terrorist activity, compiled by authorised government and independent bodies. Identity data includes your full name, date of birth, place of residence and source of funds.
To verify the information you provide, we may request the following:
- a passport, identity card or other government-issued document showing your name, date of birth and photo,
- proof of address via utility bills or other supporting documents,
- additional information or notarised copies of documents if required.
All verification requests are handled securely and your documents are never shared outside of the purposes listed above.