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InvestixTrade
Compliance & Financial Security

Anti — Money Laundering (AML)

InvestixTrade maintains zero tolerance towards financial crimes, adhering strictly to the UK Joint Money Laundering Steering Group and FATF standards.

InvestixTrade does not tolerate money laundering and supports the fight against money launderers. InvestixTrade follows the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is a full member of the Financial Action Task Force (FATF), the intergovernmental body whose purpose is to combat money laundering and terrorist financing.

Preventative AML Policies

InvestixTrade now has policies in place to deter people from laundering money. These policies include:

  • Ensuring clients have valid proof of identification
  • Maintaining records of identification information
  • Determining that clients are not known or suspected terrorists by checking their names against lists of known or suspected terrorists
  • Informing clients that the information they provide may be used to verify their identity
  • Closely following clients’ money transactions
  • Not accepting cash, money orders, third party transactions, exchange houses transfers or Western Union transfers

Understanding Money Laundering

Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources. Money Laundering usually follows three stages:

Stage 1

Placement

Cash or cash equivalents are placed directly into the financial system or initial accounts.

Stage 2

Layering

Money is moved to other accounts (e.g. futures accounts) through complex financial transactions designed to obscure the true origin.

Stage 3

Integration

Funds are re-introduced into the economy as legitimate revenue, such as closing accounts and moving money to retail banks.

Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute financial transactions that help obscure the origins of the funds.

Preventative Measures & Compliance Program

InvestixTrade directs funds withdrawals back to the original source of remittance, as a preventative measure. International Anti-Money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect and report potential suspicious activity.