ANTI MONEY LAUNDERING POLICY
Money laundering is the act of converting money or other monetary instruments gained from illegal activity into money or investments that appear to be legitimate, so that its illegal source cannot be traced. Domestic and international laws that apply to companies, whose customers can deposit and withdraw funds from their accounts, make it illegal for Too Pro Market Ltd, or its employees or agents, to knowingly engage, or attempt to engage in a monetary transaction of criminally derived property.
Too Pro Market Ltd 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 Too Pro Market Ltd itself, its subsidiaries, branches, subordinated enterprises or affiliates. To show the importance and willingness to comply with legal requirements and so to help achieve the goals of such, Too Pro Market Ltd 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, Too Pro Market Ltd focuses on the followings:• Paying a great attention to each client or partner, especially its background, relevant activities and the verification of identity of every applicant for business and all information.
• Continuously monitoring the activity of clients, partners and their transactions and making sure that they correspond to our knowledge of clients.
• Making and safe keeping records on accounts, transactions, communications with clients and partners, gathered information, concerned internal matters and particular procedures.
• Evaluating possible risk of money laundering while dealing with clients and transactions
• Applying enhanced rules in case of dealing with suspicious persons, trustees, politically exposed persons, clients from non-reputable jurisdictions and similar.
• Organizing from time to time trainings for employees, especially for those who deal directly with clients and partners.
• Cooperating with responsible AML officers appointed upon employees of Too Pro Market Ltd and approved by AML authorities.
• Reporting any suspicious activity to the competent AML authority.
• Monitoring changes to relevant legislation, following relevant guidance and adopting new measures, if necessary.
For the purpose of complying with Anti-Money laundering laws, Too Pro Market Ltd requires two different documents to verify the identity of the customer. The first document we require is a legal government-issued, identifying document with the picture of the customer on it. It may be a government-issued passport, driver's license (for countries where the driver's license is a primary identification document) or local ID card (no company access cards).The second document we require is a bill with the customer's own name and actual address on it issued 3 months ago at the earliest. It may be a utility bill, a bank statement, an affidavit, or any other document with the customer’s name and address from an internationally recognized organization.
Customers are required to submit up to date identification and contact information in a timely manner, as soon as changes occur. Documents in non-western letters must be translated into English by an official translator; the translation must be stamped and signed by the translator and sent together with the original document with a clear picture of the customer on it. In case of continuous suspicious activity, client is asked for explanations and may be even reported to AML authorities.
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Too Pro Market Ltd. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Too Pro Market Ltd. has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.
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