Introduction
Exness is committed to preventing money laundering and financial crime, ensuring a secure and compliant trading environment on the platform. Anti-money laundering (AML) practices are crucial to protect clients, maintain regulatory standards, and uphold the integrity of the financial system.
AML Policy and Objectives
Exness’s AML policy aims to detect and prevent money laundering activities, ensuring that all transactions comply with regulatory standards. The policy applies to all clients, transactions, and trading activities on Exness, setting clear procedures for managing and mitigating potential risks.
Know Your Customer (KYC) Requirements
To verify client identities and maintain compliance, Exness requires clients to complete KYC procedures during registration, including providing proof of identity and address. Enhanced due diligence may apply for high-risk clients or large transactions, with regular updates to client data ensuring continued compliance.
Transaction Monitoring
Exness uses advanced monitoring tools to detect unusual transaction patterns, such as abnormal trading volumes or rapid fund movement. Suspicious transactions are flagged and reviewed, with escalation to the AML team if necessary to ensure adherence to AML policies.
Reporting Suspicious Activity
Exness has established internal procedures for identifying and documenting suspicious activities. If required, Exness reports these activities to relevant regulatory authorities while maintaining confidentiality to protect clients and uphold legal obligations.
Employee Training and Awareness
Exness provides regular AML training to employees to ensure awareness of AML regulations and internal protocols. Employees are responsible for recognizing and reporting suspicious activities, with ongoing updates on regulatory changes and best practices.
Record-Keeping and Documentation
In compliance with regulatory requirements, Exness retains client records, transaction data, and AML documentation for a specified period. These records are securely stored and audited periodically to maintain data integrity and confidentiality.
Compliance with Global AML Regulations
Exness adheres to local and international AML laws in every jurisdiction where it operates. By cooperating with regulatory authorities and law enforcement, Exness actively supports the fight against financial crime.
Client Responsibilities and Cooperation
Clients are expected to comply with KYC requirements and provide accurate information. Non-compliance may result in account suspension or termination, emphasizing the importance of client cooperation in supporting Exness’s AML efforts.
Updates and Amendments to AML Policy
Exness regularly reviews and updates its AML policies to reflect changes in regulatory requirements and industry standards. Clients are notified of significant updates, and continued use of Exness indicates acceptance of these policies.