FXspace Worldwide Fin Services LTD's ideology includes compliance with anti-money laundering and anti-terrorist financing (AML) standards. Anti-Money Laundering (AML) is the policy which includes the prevention of the use of company services by criminal entities with the purpose of money laundering, terrorist financing or other criminal activities. To avoid the use of their services for money laundering, the Company requires its employees to follow the principles of AML.
Legalization of funds obtained by illegal means (money laundering; transfers from the shadow (informal) economy in the official economy) involves converting money or other monetary instruments derived from illegal activities into money or investments that look legitimate to conceal the real origin of the funds.
As the company is adherent of AML and KYC (Know Your Customer) policy, every client must pass the verification procedure. Besides, the Company reserves the right to suspend any client operation that can be considered illegal or in the opinion of the staff, may be associated with money laundering. The Company also maintains a detailed history of all transactions of each client.
The Company's platform FXspace Worldwide Fin Services LTD implemented the electronic identification system of each company’s client (Due Diligence), through which the Company understands that it works with a real physical or legal person. To avoid fraud and following international KYC politic, the Client agrees to provide copies of personal documents to verify the trading account (DueD).