This policy is to establish guidelines for NIGINA TRADING LTD(“Company”) ‘Anti-Money Laundering’ and ‘Know Your Client’ (“KYC”) procedures for new and existing clients.
All of monetary transactions, to the best knowledge of the Company shall be free from any form of money laundering and terrorist activities. The Company operates with integrity and is committed to implementing the measures established. The Client’s failure to comply with the regulations set by the Company would mean termination of the account. If the Client is proven of committing money laundering, he is responsible for any damage or loss which may occur, and the Company is excluded from his fraudulent actions.
In an effort to counter money laundering and other illegal activity, we have decided not to support any cash transactions, regardless of their stated purpose. Our firm has the right to cancel or deny a transaction at any point if there are suspicions regarding its legality.
It is the Company’s AML Policy to apply to all clients the below mentioned general measures:
check the identity of the Client
monitor any suspicious Client activities and/or transactions
have a record of all the related information and/or documents of the Client’s financial transactions
The Company’s KYC and due diligence procedures are applied by the Company’s Back Office when accepting clients to open exchange accounts.
Restricted Business and Jurisdictions
Our Company does not provide services to clients that their activities are associated with any high risk or banned activities. Furthermore, the Company does not accept clients from high risk countries, including but not limited to the following countries:
Furthermore, the Company does not accept clients from high-risk countries as per the guidelines of FATF http://www.fatf-gafi.org/countries/ which is updated accordingly.