KYC (Know Your Customer) and AML (Anti-Money Laundering) Policy

Last Updated: 10/12/2024

At AI Trading FX, we are committed to providing a secure and transparent trading environment for our users. As part of this commitment, we have implemented a comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) policy to comply with international financial regulations, protect our users, and prevent illegal activities such as money laundering, fraud, and terrorist financing.

By using the AI Trading FX platform, you agree to adhere to our KYC/AML policies and undergo the required verification procedures if needed to ensure the integrity of our services.

1. Introduction

AI Trading FX offers automated Forex trading services powered by artificial intelligence, where users can invest in different plans and allow the system to trade Forex on their behalf to generate potential weekly returns on investment (ROI). As part of our efforts to ensure compliance with relevant laws and regulations, we have implemented strict KYC and AML procedures to prevent misuse of our platform for illegal activities.

2. Purpose of the KYC and AML Policy

The purpose of this policy is to:

• Verify the identity of our users to ensure that only legitimate individuals are using the platform.
• Detect and prevent financial crimes, including money laundering, fraud, and the financing of terrorism.
• Ensure compliance with global financial regulations and legal obligations.
• Protect our platform and users from any illicit activities that could undermine the integrity of our services.

3. KYC (Know Your Customer) Procedure

As part of the onboarding process and throughout your use of the platform, we are required to verify your identity and assess your potential risk level. This is to ensure that we know who you are, that you are not involved in illegal activities, and that we are in compliance with global KYC regulations.

a. Identity Verification

We require users to submit the following information to verify their identity:

• Full Name: As listed on your official identification.
• Date of Birth: To ensure the user is of legal age.
• Government-Issued Identification: A clear copy of a valid government-issued ID such as a passport, national ID card, or driver’s license.
• Proof of Address: A recent utility bill, bank statement, or other official documents displaying your name and address.
• Selfie Verification (if required): A selfie with your ID document to ensure the person registering matches the ID provided.

b. Additional Verification (if applicable)

In certain cases, such as high-risk individuals or suspicious transactions, additional verification may be required, such as:

• Source of Funds: You may be asked to provide proof of the origin of your deposited funds (e.g., bank statements, salary slips, business income, etc.).
• Enhanced Due Diligence (EDD): For higher-risk customers, we may require more detailed information, such as a comprehensive background check.

c. Ongoing Monitoring

After the initial KYC verification, we continuously monitor accounts for any unusual activity. If we detect inconsistencies or changes in your behavior (such as large withdrawals, high-frequency trading, etc.), we may request additional documentation or temporarily suspend your account until the situation is clarified.

4. AML (Anti-Money Laundering) Procedures

Our AML procedures are designed to identify and prevent the use of our platform for money laundering or the financing of terrorism. We comply with international standards to combat financial crime, including the Financial Action Task Force (FATF) recommendations.

a. Transaction Monitoring

We use advanced transaction monitoring systems to detect and analyze suspicious transactions. This includes:

• Large or rapid deposits/withdrawals.
• Unexplained fluctuations in trading volume.
• Funds coming from high-risk jurisdictions.
• Activity that deviates from the customer’s known trading patterns.

b. Suspicious Activity Reporting

If we detect suspicious activities or transactions, we are obligated to report them to the relevant authorities. This may include:

• Suspicious fund movements that may indicate money laundering or fraud.
• Transactions from or to high-risk countries or entities involved in illegal activities.
• Structuring of transactions to avoid detection or regulatory reporting requirements.

c. Risk Assessment

We assess the risk of each user based on factors such as:

• Geographic location (e.g., high-risk jurisdictions).
• Source of funds (e.g., large or unclear sources of funds).
• The user’s trading behavior (e.g., unusual patterns or large-scale transactions).
• The user’s involvement in politically exposed persons (PEPs) or high-risk industries.

d. High-Risk Jurisdictions

Transactions originating from countries or regions that have been identified by regulatory authorities as posing a higher risk for money laundering or terrorism financing are subject to additional scrutiny. We reserve the right to reject users from such jurisdictions or implement enhanced verification processes.

5. User Obligations

By using the AI Trading FX platform, you agree to:

• Provide Accurate Information: All the information you provide during the registration and KYC process must be truthful, accurate, and up to date.
• Cooperate with Verification: You agree to cooperate fully with any additional verification requests made by AI Trading FX and provide any necessary documents to complete the KYC process.
• Notify of Changes: You must inform us promptly if any of your details (e.g., name, address, or financial situation) change, or if you suspect any fraudulent activity on your account.

6. Non-Compliance and Consequences

Failure to comply with our KYC and AML requirements may result in the suspension or termination of your account. This includes:

• Refusal to provide required KYC documents.
• Providing false, incomplete, or misleading information.
• Engaging in suspicious activity or transactions that violate our policies.

If necessary, we will report non-compliant or suspicious activity to the relevant authorities.

7. Data Privacy and Protection

We are committed to protecting your privacy and personal information. All data provided as part of the KYC and AML processes will be handled in accordance with our Privacy Policy. We use industry-standard security protocols to protect your data from unauthorized access and ensure that your personal information is used solely for compliance purposes.

8. Changes to the KYC and AML Policy

We may update this KYC/AML policy from time to time to comply with changes in legal or regulatory requirements, or to improve the procedures we use to ensure compliance and security. Any changes will be communicated to you via email or through the platform. We recommend that you review this policy periodically to stay informed of any updates.

9. Contact Us

If you have any questions or concerns regarding our KYC and AML policies, or if you require assistance with your verification process, please contact our support team:

AI Trading FX
Email: support@aitradingfx.com

This KYC/AML Policy was last updated on 10/12/2024