Anti-money laundering

AML Policy

CapitalCore’s Anti-Money Laundering (AML) and Counter-Terrorism Financing processes are described in this policy. CapitalCore strives to detect and prevent money laundering and terrorism funding in order to maintain the Company’s Professional image, comply with laws and regulations, and fulfill its responsibilities as an ethical corporate organization.

The Company ensures that AML processes are followed in a way that is consistent with its business objectives. The administration of CapitalCore is committed to aggressively combating money laundering and Terrorism Financing.

 

 

Know Your Customer (KYC)

Each customer of the CapitalCore must complete a verification procedure as part of the organization’s adherence to AML and Know your Customer (KYC) rules. Before beginning any collaboration with an user, CapitalCore guarantees that sufficient documentation is provided or that additional procedures are taken to establish sufficient evidence of the customer’s identification. Clients who are citizens of countries listed by trustworthy sources as having weak Anti-Money Laundering (AML) requirements or that may pose a significant risk for crimes are subjected to additional checking decided by the broker.

 

 

User activities are being observed

Along with receiving data from customers, CapitalCore continuously observes each customer’s activities in order to detect and prevent any fraudulent activities and transactions. To avoid fraudsters from abusing the company’s services, CapitalCore has prepared facilities to detect and stop customers with unusual or potentially unlawful activities through a systematic and automatic procedure all the time and for some more critical cases, manually and precisely.

 

 

Deposit and Withdrawal Conditions

All the funds deposited to CapitalCore, through any payment methods have to be coming from an account under the same name as the customer’s trading account name, otherwise the funds won’t be accepted at CapitalCore, and the client’s trading account won’t be credited for the transferred amount.

All the deposit and withdrawal channels are continuously observed to prevent any potential fraudulent or suspicious transaction to go through or being accepted at the company’s different accounts on different channels.

The customers should know that CapitalCore is not a money exchange service, and will never provide any exchange services to its customers, in order to comply with AML regulations and in regard to the broker’s AML Policy, the clients can only withdraw their money with the same method that they used in order to deposit funds to the broker through, whether it is a classic funding method or any of E-wallets.

Not even the method for the withdrawal should be the same as the funding Method, but the account which was used to deposit funds to the broker’s account from, should be the same with the account the are willing to withdraw their funds to.