AML Policy
Anti-money laundering
Money laundering is the act of converting illegal money/monetary instruments into money/investments that appear legal to prevent the actual illegal source from getting tracked.
The company is committed to assisting governments to combat the threat of money laundering. For that purpose, the company has a partnership with the global information consulting company which has a highly specialized and sophisticated electronic system that sets up the process of verifying customers transparently to prevent money laundering and the movement of funds derived from criminal activities.
The company prohibits the movement of money derived from criminal activities thoroughly to prevent money laundering. This will in turn restrict the availability of funds used for illegal activities.
Money laundering is a serious criminal offense. The company has policies to prevent money laundering based on Anti-Money Laundering Committee (AMLC) instructions.
1. Confirming the identity of our clients
2. Retaining transaction and identification records
3. Determining whether clients are known or suspected criminals by checking their
names on the list of known criminals
4. Following clients’ money transactions
5. Training staff in terms of anti-money laundering regulations
For security reasons, the company does not accept cash deposits and does not pay out cash under any circumstances.
The company reserves the right to refuse a transaction at any stage, where it believes the transfer to be connected in any way to money laundering or criminal activity. The company is prohibited from informing the client that it has been reported for suspicious activity. The company will be obliged to report this suspicious activity to the relevant authorities.
These guidelines have been performed to protect GloviceFX and its clients.

Email

support@glovicefx.com


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