AML Policy
Legalization of funds obtained illegally is the act of converting money or others
LivingTradeFX adheres to the highest standards in combating money laundering (AML) and terrorism financing and requires its employees to fully comply with anti-money laundering standards. In in connection with this, the Company carries out a full range of measures, the purpose of which is to identify and counteract the legalization of proceeds from crime and financing of terrorism. Internal rules are carefully followed in in accordance with international requirements for this aspect.
Procedures carried out by LivingTradeFX to combat money laundering
Existing Procedures
The aim of LivingTradeFX's anti-money laundering procedures is to ensure that clients who engage in certain activities are identified by reasonable standard with minimal impact on law-abiding clients. LivingTradeFX provides the necessary assistance to international organizations in the fight against the threat of money laundering and financing of terrorist actions around the world. To this end, LivingTradeFX has implemented a sophisticated electronic system that documents and verifies the customer's identity, and also tracks all transactions and maintains detailed reports on all transactions.
LivingTradeFX carefully monitors suspicious and large-scale actions and transactions and promptly reports these actions to the relevant authorities. To maintain the integrity of monitoring systems and ensure business security, the international legal framework provides legal protection for suppliers of such information.
In order to minimize the risk of money laundering and financing of terrorist activities, LivingTradeFX does not accept cash as a deposit and does not pay cash under any circumstances. LivingTradeFX reserves the right to refuse to process a transaction at any stage in if it is assumed that the transaction
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Identification and customer verification
In in order to comply with anti-money laundering laws, LivingTradeFX requires the client to provide two documents proving his identity. The first document that we require is an identification document issued by the government of the client's jurisdiction with a photograph of the client on it. This can be a government-issued passport, a driver's license (for countries where a driver's license is the primary identification document), or a local ID (except for corporate access cards). The second document that we require is an invoice with full name of the client and actual address on it is not older than 3 months. It can be an invoice for services, an extract from a bank, notarization or any other account with the name and address of the client from an organization recognized at the international level.
Customers are required to provide up-to-date identification information and to immediately report any changes to it. The client must promptly inform the Company about the change in contact information or personal data.
Documents in non-Western languages must be translated into English by an official translator; the translation must be sealed and signed by the translator and sent along with a copy of the original document with a clear photograph of the client on it.
Payment policy: deposit and withdrawal
We draw your attention to the fact that LivingTradeFX prohibits making chargebacks when working with payment systems and bank cards. To make a withdrawal from a trading account to one of these systems, you must submit an application through the Client's Cabinet. Funds go to the wallet in within 3 working days. If the funds were lost in as a result of trading, then, unfortunately, they cannot be returned back through a chargeback . Please read the Risk Warning before trading.
LivingTradeFX requires the name of the sender of the funds to fully correspond to the name specified when registering the account (in if the payment system provides the name of the sender of funds). Payments from third parties are not accepted.
LivingTradeFX requires strict adherence to the generally accepted procedure for deposits and withdrawals. Funds can be withdrawn to the same account and by the method with which the replenishment was made. When withdrawing, the recipient's name must exactly match the customer's name in the Company's database. If the replenishment was made by bank transfer, funds can only be withdrawn by the same bank transfer to the the same bank and to the the same account from which the replenishment was made. If the replenishment was made through an electronic payment system, funds can be withdrawn only through electronic payment to the the same system and to the same account from which the replenishment was made.
The company accepts payments in the following currencies: USD, EUR, RUB. For the execution of procedures for counteraction to the legalization of funds obtained by illegal means, withdrawals are carried out only in the currency in which the replenishment was made.
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