ANTI-MONEY LAUNDERING (AML) POLICY
FundingTraders Anti-Money Laundering (AML) Policy outlines the measures we take to prevent illicit financial activity on our platform. It includes customer verification (KYC), transaction monitoring, and strict compliance with global AML regulations to ensure a secure and transparent trading environment.
1. Purpose
FundingTraders is committed to preventing the use of its platform for money laundering, terrorist financing, or other illicit financial activities. This Anti-Money Laundering (AML) Policy outlines the steps we take to detect, mitigate, and report suspicious activities in compliance with applicable laws and international AML standards.
2. Scope
This policy applies to all customers, employees, contractors, and partners of FundingTraders, and covers all services offered through the FundingTraders platform, including evaluation purchases, payouts, and withdrawals.
3. Customer Identification and Verification (KYC)
To maintain a secure trading environment, all customers must complete Know Your Customer (KYC) verification before becoming eligible for any payouts
- KYC is performed via a secure third-party provider, Veriff.
- If the automated process fails, manual verification is required via email, including:
- Government-issued ID (front and back)
- Selfie holding the ID
- Proof of address (e.g., utility bill, bank statement)
4. Monitoring and Reporting
FundingTraders uses automated systems and manual reviews to monitor account activity and flag potentially suspicious behavior, including:
- Abnormal transaction sizes or frequencies
- Use of multiple accounts to obscure activity
- Frequent deposit or withdrawal attempts without legitimate trading behavior
- Mismatched identity or payment credentials
If suspicious activity is detected:
- The account may be suspended or terminated
- Relevant activity may bereported to appropriate authorities or financial intelligence units (FIUs) in accordance with regulatory obligations
5. Prohibited Activities
Users may not use the FundingTraders platform to:
- Launder money
- Conceal the origins of illegally obtained funds
- Facilitate terrorist financing
- Bypass international sanctions or trade embargoes
- Use stolen or unauthorized payment methods
Any violation will result in immediate termination and possible legal action.
6. Record Keeping
FundingTraders maintains detailed records of:
- KYC documentation
- Transaction history
- AML investigations and reports
These records are retained securely for a minimum of 5 years, or longer where legally required.
7. Employee Training
All relevant FundingTraders staff are regularly trained on AML obligations, internal escalation procedures, and the detection of red flags relating to suspicious activity.
8. Policy Review
This policy is reviewed at least annually, or more frequently if required by changes in law, regulation, or business operations.
For questions or reporting suspected violations of this policy, please contact: [email protected]