Common use of AML Procedures Clause in Contracts

AML Procedures. No person shall abuse the Website for the purpose of money laundering and/or terrorist financing. The Company employs stringent anti-money laundering (AML) and terrorist financing procedures. The Company reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, Clients who do not accept or conform to the following AML requirements and policies: Private Investors must provide all requested information upon registration. When a Client maintains an account by means of bank deposits, profits will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the trader to ensure that the trader’s account number and registered name of the account owner accompany all transfers to the Company. When a Client funds an account by means of credit/debit card deposits, profits will only be distributed to the individual whose name appears on the card used to make the deposit and only be paid back to the same card. No profits may be collected on accounts opened where evidence suggests the Client may have used false names. The Company may, from time to time, in its sole discretion, require a Client to provide additional proof of identity such as notarized copy of passport or other means of identity verification as it deems required under the circumstances and may at its sole discretion suspend an account until such proof has been provided to its satisfaction.

AML Procedures. No person shall abuse the Website for the purpose of money laundering and/or terrorist financingfinancing. The Company employs stringent anti-money laundering (AML) and terrorist financing financing procedures. The Company reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, Clients who do not accept or conform to the following AML requirements and policies: Private Investors must provide all requested information upon registration. When a Client maintains an account by means of bank deposits, profits profits will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the trader to ensure that the trader’s account number and registered name of the account owner accompany all transfers to the Company. When a Client funds an account by means of credit/debit card deposits, profits profits will only be distributed to the individual whose name appears on the card used to make the deposit and only be paid back to the same card. No profits profits may be collected on accounts opened where evidence suggests the Client may have used false names. The Company may, from time to time, in its sole discretion, require a Client to provide additional proof of identity such as notarized copy of passport or other means of identity verification verification as it deems required under the circumstances and may at its sole discretion suspend an account until such proof has been provided to its satisfaction.