Money laundering allows movement of funds from criminal activities and makes funds available for terrorist activities. We One Markets complies with all applicable laws and regulations for the prevention of the use of the financial systems for the purpose of money laundering and terrorist financing.
We One Markets has adopted a programme that complies with the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act. As part of this programme, all applicable persons would need to provide evidence of identification to facilitate the above-mentioned need for compliance.
The Clients need to comply with We One Markets regulatory requirements by suppling clear and verifiable identification and to provide full and frank disclosures upon further inquiries by the Company. In verifying customer identity, appointed producers shall review all photo identification supplied. We One Markets relies on government-issued identification documents to establish a customer's identity, but is under no obligation to determine the veracity of the identification documents supplied. The Company also reserves the right to suspend or close any account that had been approved if misleading or fraudulent identification information was discovered.
If a Client either refuses to provide the information described above or appears to have intentionally provided misleading information, the appointed agent shall notify their New Business team. We One Markets will decline the application and notify the AML Compliance Committee.
We One Markets also identifies, monitors and reports any kind of suspicious transactions. The Company has the obligation to undertake measures associated with its AML compliance, on the basis of the AML Financial Action Task Force's recommendations.
We One Markets reserves the right to refuse the processing of a transaction at any stage if it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international laws, We One Markets is not obligated to inform the Client when reports are made to the relevant authorities.