AML Policy

1. Introduction

CTForex maintains a robust Anti-Money Laundering (AML) program to prevent, detect, and report money laundering and terrorist financing activities. Our policy is designed to comply with international standards and local regulations.

2. Customer Due Diligence

2.1 Identification Requirements

We require the following information from all customers:

• Full name and date of birth
• Residential address
• Nationality and citizenship
• Government-issued identification
• Proof of address
• Source of funds

2.2 Enhanced Due Diligence

Enhanced due diligence is required for:

• High-risk customers
• Politically exposed persons (PEPs)
• High-value transactions
• Complex transactions

3. Transaction Monitoring

3.1 Monitoring Systems

We employ sophisticated systems to monitor transactions for:

• Unusual patterns
• Large transactions
• Structured transactions
• High-risk jurisdictions

3.2 Risk Assessment

Our risk assessment process considers:

• Customer risk profile
• Transaction patterns
• Geographic risk
• Product risk

4. Suspicious Activity

4.1 Reporting Procedures

We have established procedures for:

• Identifying suspicious activities
• Internal reporting
• Filing suspicious activity reports (SARs)
• Maintaining confidentiality

4.2 Red Flags

Common indicators of suspicious activity include:

• Unusual transaction patterns
• Inconsistent customer behavior
• Attempts to avoid reporting
• Unusual fund sources

5. Record Keeping

We maintain comprehensive records of:

• Customer identification documents
• Transaction records
• Due diligence documentation
• Correspondence with customers
• Suspicious activity reports

Records are maintained for a minimum of 5 years from the date of the transaction or the end of the business relationship.

6. Staff Training

6.1 Training Program

Our staff receives regular training on:

• AML regulations and requirements
• Customer due diligence procedures
• Transaction monitoring
• Suspicious activity reporting
• Record keeping requirements

6.2 Compliance Culture

We promote a strong compliance culture through:

• Regular updates on regulatory changes
• Internal communication
• Performance monitoring
• Compliance assessments

7. Compliance

7.1 Regulatory Framework

We comply with:

• International AML standards
• Local regulatory requirements
• Industry best practices
• Internal policies and procedures

7.2 Independent Review

Our AML program is subject to:

• Regular internal audits
• External reviews
• Regulatory examinations
• Continuous monitoring

8. Contact

For questions about our AML policy or to report suspicious activity:

• Email: compliance@ctforex.com
• Phone: +1 (555) 123-4567
• Address: [Your Company Address]