FGS Markets is committed to the highest standards of the Anti-Money Laundering (hereinafter: AML) compliance and Terrorist Financing Prevention.
Procedures on anti - money laundering
Margin requirements are calculated by dividing the true dollar value of a position by the maximum leverage allowed for that trading instrument.
Because of the depth of customer information our FGS Markets hold, FGS Markets monitors customer transactions in order to identify potentially suspicious activity. In general, we conduct periodic reviews of customer relationships. These were performed either annually for all clients or less frequently depending on customers’ risk profiles:
Know Your Customer process of a business identifying and verifying the identity of Client, collecting information to establish if it remains current and whether the existing risk classification of the customer remains appropriate;
establish whether the conduct of the account constitutes suspicious activity;
control of clients through Sanctions List of Office of foreign Assets Controle;
conduct of in-debth analysis of non residents-private persons;
we require senior business line and control function management approval and in the case of high risk customers,
Procedures on customer identification documents
Identification of the Client is a process that involves collecting Client information on the basis of credible, independent and objective sources, and checking the data collected on the Client if these data already is collected, determine real identity of the Client on the basis of credible, independent and reliable sources, and checking the identity, if the identity of the Client was already established.
The criteria for determining the Client’s risk category
In assessing the risk of the Client, business relationship, product or transaction, the FGS Markets will take into account the following criteria:
The type, business profile and structure of the Client.
Geographical origin of the Client.
The nature of the business relationship, product or transaction.
Company's past experience with the Client.
UN Sanctions List
All individuals and entities will be checked against applicable lists of sanctioned countries published by the United Nations and periodically rechecked against updated lists. If a Client is from a country on the list, his or her account will not be opened. All new Clients’ names will be compared to the list provided by our third-party Client screening service. If a Client’s name appears on the list, we will contact low enforcement authority immediately.
Monitoring of Client Activity
In addition to gathering information from the clients, FGS Markets continues to monitor the activity of every client to identify and prevent any suspicious transactions. FGS Markets will carefully monitor the business activities carried out by his client, monitor and verify compliance of the Client with the expected nature and purpose of a business relationship, resources with a source of funds, and operations or transactions of the Client with his usual scope of operations or transactions.
The monitoring procedures include setting thresholds and screening of customer’s transactions, comparison of Client economic profile and transactions performing by client with purpose to detect if Clients activities deviates from activities of relevant group of customers.
Any information pointing to money laundering or terrorist financing will be reported to the relevant authorities in accordance with the requirements of Applicable Legislation.
These guidelines have been implemented to protect FGS Markets and its clients.
For questions/comments regarding these guidelines, please contact us at email@example.com
Why to choose us
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A trusted trading environment
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Top performing platforms
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Personal, professional support
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Multiple digital currencies
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