AML rules

AML policy (Anti-Money Laundering)

Introduction

wtrade.pro is committed to adhering to international standards for combating money laundering (AML). Our policy aims to prevent the use of our service for illegal activities, ensure transparency, and comply with all applicable legal and regulatory requirements.

1. Objective The objective of our Anti-Money Laundering (AML) policy is to prevent the use of our service for money laundering and terrorist financing.
2. AML procedures 2.1 Customer identificationWe commit to collecting and verifying information about our customers to confirm their identity and the legality of their source of funds. We request the following information:
   • Full name
   • Residential address
   • Date of birth
   • Nationality
   • Identification documents (passport, driver's licence, etc.)

2.2 Transaction monitoringWe conduct continuous monitoring of all transactions to detect suspicious activities and anomalies. Both automated systems and manual analysis are used for:

• Detecting large or unusual transactions
• Identifying transactions with high-risk countries
• Analysing changes in customer behaviour

2.3 ReportingIn the event of detecting suspicious activities, we commit to reporting them to the appropriate authorities. We maintain systems for recording and tracking such reports, ensuring their timely and accurate submission to the relevant authorities.2.4 Employee TrainingAll employees undergo regular training on AML procedures and recognizing suspicious activities. The training includes:

• Basics of AML and its importance
• Methods of identifying suspicious transactions
• Internal control rules and reporting procedures

1. Legal compliance We are committed to complying with all applicable national and international legal and regulatory requirements related to AML. We monitor changes in legislation and update our procedures accordingly.
2. Confidentiality and data protection We ensure the confidentiality and protection of all collected customer data in accordance with our Privacy Policy and applicable data protection laws.
3. Responsibility and control Responsibility for implementing and complying with the AML policy lies with our Compliance Officer, who has the necessary authority and resources to fulfil their duties. The Compliance Officer conducts regular audits and reviews to ensure the effectiveness and relevance of our AML policy.
4. Feedback If you have any questions or comments regarding our AML policy, please contact us at: tr@wtrade.pro.
5. Policy changes We may periodically update this AML Policy in response to changes in legislation and regulatory requirements. We will notify you of any significant changes by posting the new policy on our website. Please check this page regularly for the latest information.

Effective date: 06.01.2024