AML and KYC Policy
1. The AML and KYC policy applies to vorenbroker.com and its partners and Clients (hereinafter the "Company") and has the goal of discouraging and actively preventing money laundering and any other activity that facilitates money laundering or the financing of terrorist or criminal activities. The Company requires its managers, employees and affiliates to follow the principles of this Policy in order to prevent the use of its services for money laundering.
2. Within the framework of this Policy, as a rule, actions are, aimed at concealing or distorting the true origin of funds obtained by criminal means, with the aim of laundering illegal proceeds.
3. Usually, money laundering occurs in three stages. Initially, during the “placement” stage, cash enters the financial system, where the money obtained from criminal activities is converted into monetary instruments such as money orders, travelers checks, or deposited in accounts with financial institutions. During the “layering” stage, funds are transferred or moved to other accounts or other financial institutions to further separate the money from its criminal origin. During the “integration” stage, funds are returned to the economy and used to purchase property, finance business or criminal activity. Terrorist financing may not use the proceeds of criminal activity; most likely this is an attempt to hide the origin or the alleged use of funds that will subsequently be used for criminal purposes.
4. The client undertakes to:
comply with legal norms, including international ones, aimed at combating illegal trade, financial fraud, laundering and legalization of funds obtained by illegal means;
exclude direct or indirect complicity in illegal financial activities and any other illegal operations using the Site.
5. The client guarantees legal origin, All personal and official documentation will be kept for the minimum period of time established by local legislation.
9. All new employees are required to undergo training in AML and KYC. Existing employees are trained annually. Participation in additional training programs is mandatory for all employees related to AML and KYC.
10. The Company has the right to require the Client to confirm his registration information specified when opening a trading account at his own discretion and at any time. In order to verify the data, the Company may request from the Client the provision of notarized copies of: passport, license or national identity card for identity confirmation; bank statements or utility bills to confirm residential address. In special cases, the Company may ask the Client to provide a photograph of the Client holding an identity card next to his face. Detailed requirements for identifying clients are specified in the "AML Policy" section on the official website of the Company.
11. The procedure for verifying the Client's identification data is optional, provided that the client has not received such a request from the company. The client may voluntarily send a copy of his passport or other document confirming his identity to the Company's customer service department to ensure verification of the specified personal data. The client should take into account that when making deposits / withdrawals by bank transfer, it is necessary to provide documents for full verification of the name and address in connection with the specifics of the implementation and processing of banking transactions.
12. If any of the Client's registration data (full name, address or phone number) have been changed, the Client is obliged to immediately make the appropriate changes to the data specified in the personal profile in the Company or notify the customer service department of the Company about such changes.
12.1. To change the phone number indicated during the registration of the client profile, we require you to provide a document confirming the right to own the new number (agreement with a mobile provider), and a photo of the identity document that the client holds next to his face. The client's personal data in both documents must match.