GEMFOREX Van Limited (“GEMFOREX”) as the company providing Investment Services to the Client in relation to Financial Instruments, issued this Anti Money Laundering Policy on provision of Investment Services in relation to Financial Instruments (“Anti Money Laundering Policy”).
As a financial company is subject to laws and other forms of regulation of anti-money laundering (“AML”), which results in many particular measures, principles and rules that can be seen by applicants for business, clients or partners while dealing with GEMFOREX. itself, its subsidiaries, branches, subordinated enterprises or affiliates. To show the importance and willingness to comply withlegal requirements and so to help achieve the goals of such, GEMFOREX. has adopted within its structure the policies and measures required by the laws of European Union, which are widely known for being highly severe with subject persons performing within its jurisdiction and requiring them to follow very strict rules. Due to these rules and requirements, GEMFOREX focuses on the following.
Further, in case it happens that GEMFOREX. is in any way operating within a jurisdiction, where AML rules require some additional measures, GEMFOREX. makes sure to meet all the additional requirements and to treat relevant matters accordingly.
The goal GEMFOREX. would like to achieve by adopting a strict AML policy is to prevent itself, its clients, partners, employees, and the industry from being misused for money laundering, terrorist financing or other financial crimes
GEMFOREX is fully aware of possible harmful effects and danger to the global society, which comes together with the possibility for wrongdoers and criminals to disguise criminal origin of property, transfer, acquire or in any way legalize the ownership of such property.
The most significant consequences of GEMFOREX.’s AML policy, that may affect either applicants for business, clients or partners, are following:
Deposits to be saved on particular account must come from an account opened with authorized credit institution or a credit card, which is owned and held in the name of the particular owner or applicant for opening account with GEMFOREX otherwise the deposit is rejected. Documents verifying ownership of a card or account are also requested during the account opening process and later on, if necessary.
Withdrawals are normally processed to the same deposit account.
New copies of verification documents are always requested from clients prior to the expiration of the current ones.Clients are obligated to provide new copies of verification documents once they expire.
In the case of ongoing monitoring of suspicious activityand High Risk, client account and activity will be investigated and if deemed necessary reported to the relevantauthorities.
May 21, 2018