RoboForex does not tolerate money laundering and supports the fight against money launderers. Roboforex follows the guidelines set by The Financial Action Task Force (FATF), which is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
RoboForex has policies in place to deter people from laundering money. These policies include:
Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.
Money Laundering usually follows three stages:
Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute financial transactions that help obscure the origins of the funds. RoboForex direct funds withdrawals back to the original source of remittance, as a preventative measure.
International Anti-money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect and report potential suspicious activity.
These guidelines have been implemented to protect RoboForex and its clients.
For questions/comments regarding these guidelines, contact RoboForex Compliance at firstname.lastname@example.org