1. DEFINITION
Money laundering is the act of converting money or other material values gained from illegal activity (terrorism, drug dealing, illegal arms trade, corruption, human traffic etc.) into money or investments that appear to be legitimate. Such activity is used so that the illegal source of money and other material values cannot be traced.
2. POLICY STATEMENT AND PRINCIPLES
TradingPro International Limited (hereinafter called the “Company”) is an entity incorporated in Mauritius, TradingPro International Limited, a Global Business Licence under Section 72 of the Financial Services Act 2001 and an Investment Dealer (Full Service Dealer, excluding Underwriting) Licence under Section 29 of the Securities Act 2005 authorised and regulated by Financial Services Commission, Mauritius under license number GB23202513. The Company complies with all applicable laws and regulations Mauritius.
The Company has adopted a program that complies with the AML/CTF Act. This policy appliesto all The Company officers, employees, appointed producers and products and services from TheCompany.
All business units and locations within The Company will cooperate to create a cohesive effort in the fight against money laundering. Each business unit and location has implemented risk-based procedures reasonably expected to prevent, detect and cause the reporting of transactions required under the International Anti Money Laundering Law.
All efforts exerted will be documented and retained in accordance with the Anti-Money laundering law. The AML Compliance Committee is responsible for initiating Suspicious Activity Reports (“SARs”) or other
required reporting to the appropriate law enforcement or regulatory agencies. Anycontacts by law enforcement or regulatory agencies related to the Policy shall be directed to the AML Compliance Committee.
3. POLICY
It is the policy of The Company to prohibit and actively pursue the prevention of money launderingand any activity that facilitates money laundering or the funding of terrorist or criminal activities. TheCompany is committed to AML compliance in accordance with applicable law and requires its officers, employees and appointed producers to adhere to these standards in preventing the use ofits products and services for money laundering purposes
For verification purposes, The Company shall rely on a government-issued identification to establish a customer’s identity. The Company, however, will analyse the information provided to determine ifthere are any logical inconsistencies in the information obtained. The Company will document its verification, including all identifying information provided by the customer, the methods used and results of the verification, including but not limited to sign-off by the appointed producer of matchingphoto identification.
If a customer either refuses to provide the information described above when requested, or appears to have intentionally provided misleading information, the appointed agent shall notify the chief compliance manager. The Company will thereafter decline the application.
4. CUSTOMER INFORMATION VERIFICATION
In verifying customer identity, appointed compliance officers shall review photo identification. The Company shall not attempt to determine whether the document that the customer has provided foridentification has been validly issued.
For verification purposes, The Company shall rely on a government-issued identification to establish a customer’s identity. The Company, however, will analyse the information provided to determine ifthere are any logical inconsistencies in the information obtained. The Company will document its verification, including all identifying information provided by the customer, the methods used and results of the verification, including but not limited to sign-off by the appointed producer of matchingphoto identification.
If a customer either refuses to provide the information described above when requested, or appears to have intentionally provided misleading information, the appointed agent shall notify the chief compliance manager. The Company will thereafter decline the application.
5. PREVENTION OF THIRD-PARTY FUNDING, TRANSFER & WITHDRAWAL
The Company strictly does not allow third party funding. Any funds coming to the account must come from the same account holder. The Company strictly does not allow transfer of trading funds between different trading accounts belonging to different account holders. This is to prevent the possibility of money laundering. The Company strictly implements the policy in which withdrawals must be performed only through the same bank account, credit/debit card or digital wallets that client used to deposit
the funds. All client withdrawal requests shall be processed in the currency in which the deposit was originally made.
6. MONITORING AND REPORTING SUSPICIOUS ACTIVITY
The Company collects and verifies identification data of the Client and also logs and tracks itemized statements of all transactions carried out by the Client.
If the Company tracks suspicious transactions of the clients and transactions executed under nonstandard conditions. The Company performs its anti-money laundering compliance based on AML/FATF recommendations.
The Company neither accepts cash deposits nor disburses cash under any circumstances. The Company reserves the right to refuse to process a transaction at any stage, when it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international law, The Company is not obligated to inform the client that they were reported to the corresponding governing bodies due to client’s suspicious activity.
7. RESTRICITED COUNTRIES
The Company does not service US entities or residents of any kind. While we welcome clients from all over the globe, governmental restrictions along with our company policies prohibit The Company from opening accounts originated from the following restricted and/or OFAC sanctioned countries, as well as high risk and non-cooperative jurisdictions: Afghanistan, Bosnia and Herzegovina, Democratic People's Republic of Korea (DPRK), Guyana, Iran, Iraq, Lao People's Democratic Republic, Myanmar, Papua New Guinea, Syria, Uganda, Vanuatu, Yemen.
8. RELEVANT DEPARTMENT
8.1. Customer Service Department Email: [email protected]
8.2. Compliance Department Email:[email protected]
