AML Policy

Legalization of illegally obtained funds is an act of conversion of money or other monetary of instruments derived from illegal activities, in money or investments that look legitimate, so that their illegal source cannot be traced. Domestic and international law applies to Companies whose clients can deposit and withdraw funds from accounts.
FinOperate adheres to the highest standards for combating money laundering (AML) and the financing of terrorism and requires its employees to fully comply with the standards for countering the legalization of illegally obtained funds. In this regard, the Company carries out a full-fledged set of activities aimed at detecting and countering the legalization of criminally obtained funds and the financing of terrorism. Internal rules are carefully followed in accordance with international requirements for this aspect.
Finoperate Anti-Money Laundering Procedures
Existing Procedures
The purpose of the anti-money laundering procedures implemented by FinOperate is to ensure that customers involved in certain activities are identified at a reasonable standard with minimal impact on law-abiding customers. FinOperate provides the necessary assistance to international organizations in combating the threat of money laundering and the financing of terrorist activities around the world. To this end, FinOperate has implemented a sophisticated electronic system that documents and checks customer identification data, as well as tracks all transactions and maintains detailed reports on all transactions.
FinOperate carefully monitors suspicious and large-scale actions and transactions and promptly reports these actions to the appropriate authorities. To maintain the integrity of business monitoring and security systems, the international legal framework provides legal protection for providers of such information.
In order to minimize the risk of money laundering and terrorist financing, FinOperate does not accept cash as a deposit and does not pay out cash under any circumstances. FinOperate reserves the right to refuse to process a transaction at any stage if it is assumed that the transaction in any way related to money laundering or criminal activity. According to international law, FinOperate does not have the right to inform the client that the relevant authorities have been notified of his suspicious activities.
Customer Identification and Verification
In order to enforce laws to counter money laundering, illegally obtained funds, FinOperate requires the client to provide two documents proving his identity. The first document we require is an identifying document issued by the government of the client’s jurisdiction with a photo of the client on it. This may be a government issued passport, driver’s license (for countries where driver’s license is the primary identification document), or local identity card (except for corporate access cards). The second document we require is an account with the full name of the client and the actual address on it not older than 3 months. This may be a bill for services, an extract from a bank, a notarial certificate or any other account with the name and address of a client from an organization that is internationally recognizable.
Clients are required to provide up-to-date identification information and immediately report any changes to it. The client must inform the Company in a timely manner about changes in contact information or personal data.
Documents in non-Western languages ​​must be translated into English by an official translator; the translation must be printed and signed by the translator and sent along with a copy of the original document with a clear photograph of the client on it.
Payment Policy: Deposit and Withdrawal
We would like to draw your attention to the fact that FinOperate prohibits repayment when working with payment systems and bank cards. To withdraw from a trading account for one of these systems, it is necessary to place an order through the Client's Login. The funds arrive in the wallet within 3 business days. If funds were lost as a result of trading, then, unfortunately, they cannot be returned back by means of a chargeback . Please read the risk warning before trading.
FinOperate requires that, during the deposit operation, the name of the sender of the funds fully matches the name specified when registering the account (if the payment system provides the name of the sender of the funds). Payments from third parties are not accepted.
FinOperate requires strict adherence to the generally accepted procedure for depositing and withdrawing funds. Funds can be withdrawn on the same account and in the same way that the deposit was made. When removing the recipient's name must exactly match the name of the client in the Company's database. If a deposit is made by bank transfer, the funds can be withdrawn only by the same bank transfer to the same bank and to the same account from which the deposit was made. If the replenishment was made through the electronic payment system, the funds can be withdrawn only by electronic payment to the same system and to the same account from which the replenishment was made.
The company accepts payments in the following currencies: USD, EUR, RUB. For the execution of procedures to counter the legalization of illegally obtained funds, withdrawal of funds is carried out only in the currency in which the replenishment was made.
If you have any additional questions, please contact us by email.