Money Laundering

Criminals have to find a way to 'clean' the money they get from their unlawful activities. They try to launder their illicit funds by getting them into the financial system without detection or arousing suspicion. If they can get their funds into the financial system they can then transfer the money between different bank accounts or financial products across the world, or use it to buy goods and services. The idea is to make the illicit funds appear to have come from a legitimate source. Criminals try to make it difficult for the authorities to connect the money with its criminal past. The 'clean' money is often used to fund further crimes, including acts of terrorism.

Money laundering is a very serious crime.

As a financial services firm, our recommended broker, ACM (Advanced Currency Markets), is obliged to adhere to the regulatory procedures laid down by the Federal authority against money laundering. ACM's customers are required to supply documentation proving their identity and origin of funds so that ACM may make subsequent checks to determine whether the funds they will accept are in fact derived from a legit source.

Before you're allowed to open a trading account you will need to show that you are who you say you are and that you live where you say you live. Additionally you must clearly specify where your transfer will be coming from (which bank, account number, etc.). You must also clearly specify the activity from which your funds originate.