AML policyMoney laundering is the process of converting funds received as a result of illegal activities (fraud, corruption, terrorism, etc.) into other money or investments that look legitimate, in order to conceal or distort the real sources of origin of funds.
In order to combat the penetration of money into the economy obtained from the conduct of criminal activities and to prevent terrorist activities, countries are engaged in the fight against money laundering. Financial organizations are one of the easy ways to legalize criminal proceeds. This is due to the openness and accessibility of financial markets and the freedom of capital movement within them. Therefore, TradeGroup uses laws and regulations to combat money laundering and terrorist financing.
TradeGroup verifies the identity of the Client, as well as the entire transaction, and documents this information.
TradeGroup monitors suspicious transactions and transactions of clients.
TradeGroup does not accept or pay cash in any way.
TradeGroup reserves the right to refuse to conduct a transaction at any stage if, in the company's opinion, the transaction may be related to money laundering or criminal activity. In accordance with international law, TradeGroup is not obliged to inform the Client that their activities have been notified to the relevant authorities as suspicious activities.
TradeGroup systematically updates the electronic system for verifying transactions and customer identification data in accordance with all current legal regulations.