This document describes the policy of Infiniko Trade Global Company (hereinafter referred to as the Company) to combat money laundering, as well as its involvement in the identification and prevention of any activities related to money laundering, terrorist financing and the possibility of using the Company’s products and services for money laundering (hereinafter – AML policy). The legalization of funds obtained illegally is the act of converting money or other monetary instruments obtained as a result of illegal activities into money or investments that look legitimate so that their illegal source cannot be tracked. Domestic and international legislation that applies to Companies whose customers can deposit and withdraw funds from their accounts makes it illegal for the partners of the Company to consciously implement or participate in financial transactions with criminally obtained funds.
The purpose of the procedures to counter the legalization of money received illegally is to ensure that customers involved in financial transactions involving the Company’s website are identified by a reasonable standard, with a minimum set of identification data for law-abiding customers. In accordance with the requirements of international law, the Company has developed an internal policy to counter the financing of terrorism and the legalization of proceeds of crime.
The company carefully monitors suspicious actions and transactions, and timely reports such actions to the appropriate authorities. In order to minimize the risk of money laundering and financing terrorist acts, the Company does not accept cash under any circumstances as a deposit and does not make cash payments. The company reserves the right to refuse to process a transaction at any stage if it is assumed that the transaction is in any way connected with money laundering or criminal activity. According to international law, the company does not have the right to inform the client that the relevant authorities have been notified of its suspicious activities.
The minimum set of mandatory identification data required to open a real trading account includes:
– full name customer
– registration and financial e-mail;
– address of residence or legal address of the client;
– phone number;
In order to comply with laws to counter the legalization of funds obtained illegally, the Company may require the client to provide two documents proving his identity. The first document that the Company may require is an identifying document issued by the government of the client’s jurisdiction with a photograph of the client on it. This can be a passport, a driver’s license (for countries where a driver’s license is the primary identification document), or a local identification card (except for corporate access cards). The second document that the Company may require is an account with the full name of the client and the actual address on it no older than 3 months. This can be a utility bill, bank statement, or any other document confirming the address of the client. In certain cases, the Company may also request notarized copies of documents from the client.
Documents in languages other than English must be translated into English by an official translator; the translation must be printed and signed by the translator and sent together with a copy of the original document with a clear photograph of the client on it.
Account replenishment, withdrawal of funds:
The company requires that during the replenishment operation, the name of the sender of funds is fully consistent with the name specified during registration of the account (if the payment system provides the name of the sender of funds). Acceptance of payments from third parties is prohibited.
The company has the right to demand strict adherence to the generally accepted procedure for replenishment and withdrawal of funds. Funds can be withdrawn to the same account and in the same way with which the deposit was made. When withdrawing funds, the recipient’s name must exactly match the name of the client in the Company database. If the deposit was made by bank transfer, funds can only be withdrawn by the same bank transfer to the same bank and to the same account from which the deposit was made. If the replenishment was made through an electronic payment system, funds can only be withdrawn by electronic payment to the same system and to the same account from which the replenishment was made. The company has the right, at its discretion, to transfer funds according to the payment details for which the replenishment of the trading account has been made.
The company declares that, in order to follow the AML policy, transfers of funds by the company’s customers are permitted solely for the purpose of conducting trading operations aimed at making profit within the framework of the company’s proposed services. In the event that the Company has sufficient reasons to believe that the money transfers are used by the account holder in violation of the legislation and / or the AML policy of the Company, for purposes other than the offered services of the Company, the Company reserves the right to block a trading account, as well as a personal account a client’s record (Trader’s Cabinet) to conduct any operations on this account.