TradePro-Capital implements measures to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers.
MONEY LAUNDERING
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 TradePro-Capital, or its employees or agents, to knowingly engage, or attempt to engage in a monetary transaction of criminally derived property.
IMPLEMENTED PROCEDURES
The objective of Anti-Money Laundering procedures that TradePro-Capital implements is to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers. TradePro-Capital is committed to assisting governments combat the threat of money laundering and financing terrorist activities around the world. For that purpose, TradePro-Capital has set up a highly sophisticated electronic system. This system documents and verifies client identification records and tracks and maintains detailed records of all transactions.
TradePro-Capital carefully tracks suspicious and significant transaction activities and reports such activities, providing timely and comprehensive information to law enforcement bodies. To uphold the integrity of reporting systems and to safeguard businesses, the legislative framework provides legal protection to providers of such information.
To minimize the risk of money laundering and financing terrorist activities, TradePro-Capital neither accepts cash deposits nor disburses cash under any circumstances. TradePro-Capital reserves the right to refuse to process a transfer at any stage where it believes the transfer to be connected in any way to money laundering or criminal activity. For the avoidance of any doubt, TradePro-Capital may detain or postpone payments for a set period of time at its own discretion. It is forbidden for TradePro-Capital to inform customers that they have been reported for suspicious activity.