AML Policy

1. Money laundering is the act of converting funds obtained through illegal activities into legitimate assets to obscure their illicit origins. Domestic and international laws apply to companies that allow customers to deposit and withdraw funds from their accounts.

2. ExoTrade adheres to the highest anti-money laundering (AML) and counter-terrorism financing standards. All employees are required to fully comply with AML regulations. To this end, ExoTrade implements a comprehensive set of measures aimed at detecting and preventing money laundering and terrorist financing. Internal policies are strictly followed in accordance with international regulations.

3. ExoTrade actively supports international efforts to combat money laundering and terrorist financing. As part of these efforts, ExoTrade documents and verifies customer identification, monitors all transactions, and maintains detailed records.

4. The company closely monitors suspicious or large-scale transactions and promptly reports them to the relevant authorities. To ensure the effectiveness of its monitoring systems and maintain business security, international laws provide legal protection for entities that report such activities.

5. To minimize the risk of money laundering and terrorist financing, ExoTrade does not accept cash deposits or issue cash payments under any circumstances. The company reserves the right to reject transactions at any stage if they are suspected of being linked to illicit activities.

6. In compliance with anti-money laundering regulations, ExoTrade requires customers to submit the following documents:

• A copy of a national identity document, such as a passport or identity card.
• A copy of a driver’s license, passport, or any official document showing the customer's full name and address (e.g., a utility bill) issued within the last three months.

• * If funding a trading account via a bank card, the following additional documents are required:

  • Copies of both sides of the bank card.
  • On the front side, only the first six and last four digits of the card number, along with the cardholder’s name and expiration date, should be visible.
  • On the back, the CVV2 code must be hidden.
  • The signature panel must be signed.
• A selfie-style photo of the customer holding their passport open to the main identification page, ensuring both their face and passport details are clearly visible.
• If the card does not display the cardholder’s full name, a bank statement confirming ownership must be provided. This statement can be requested from the issuing bank or obtained via an online banking screenshot.

7. Customers must provide up-to-date identification information and promptly notify ExoTrade of any changes to their personal details or contact information.

8. The company reserves the right to request additional documents as needed to verify customer accounts or transactions.