ANTI-MONEY LAUNDERING AND KNOW YOUR CLIENT POLICY
СREDIT CARDS DEPOSITORS
FOR CREDIT CARDS DEPOSITS , YOU WILL NEED TO PROVIDE THE SUPPORTED VERIFICATION DOCUMENTS PRIOR TO YOUR DEPOSIT AND THE CREDIT CARDS THAT YOU WILL USE IN YOUR DEPOSITS WITH Binex.RU , THIS IS FOR YOUR SECURITY AND CONVINIENCE
1- Certified Photo ID (Passport or Governmental ID).
2- Utility Bill (Gas, Electricity bill, Water bill etc).
3- Copy of Credit card/s face and back that will be used. Bear in mind to blackout the first 12 digits of the front credit card number and the back CVV. All the rest should be clear.
Money laundering is an act of engaging in such financial transactions where money gained from illegal activity is converted into money appears to be gained through legal resources. The objective of this act is to conceal the illegitimate identity of any monetary instrument including cash amount. That is why national and international laws makes it illegal for Finex Ltd Company and its employees to be knowingly or unknowingly engaged in any activity related to such illegally gained capital.
Finex Ltd aims at implementing strict anti-laundering policy to ensure that its customers will be identified for such suspicion up to a certain standard to minimize the procedural complications for genuine and legitimate customers. In order to fulfill its commitment to provide full assistance to government combating against such illegal financial transactions Finex Ltd has electronic system which completely verifies its client identification and is able to maintain the detailed record of all previous financial transactions.
Finex Ltd makes it sure to track the all suspicious activities and report to law enforcement bodies timely with detailed information. That is why complete legal protection is provided to its clients who share confidential financial data with the company.
One of the most significant measures to discourage money laundering and related illegal activities Finex Ltd don’t deal in cash transaction whether you are intended to deposit or withdraw the fund. Our company reserves the right to suspend any transaction where it finds even a suspicion of illegal money conversion. Therefore throughout the process when a customers’ account undergoes suspicion check Finex Ltd is not allowed to inform the customer about the ongoing development.
Like other financial institutions Finex Ltd has also set up a compliance regime in order to fulfill its formal legal requirement.
It comprises the appointment of compliance officer, policy making, regular review of their implementation and impact and professional compliance training to regime staff members.
Finex Ltd also ensures regular updating of its electronic according to modern rules and regulations developed for more sophisticated check to trace money laundering and other criminal financial practices on the spot. Professional training to its employees to trace such illegal activities and to use modern technological system is also a part of Finex Ltd essential policies.
In order to fully comply with anti-money laundering laws, Finex Ltd demands two kinds of documents for the satisfactory identification and verification of customers’ account.
First one is government issued document with a photo of customer on it. It can be a passport, driving license or regular ID card which must be issued by government and must have a picture of client on it.
Second one is any bill or document with complete name and address information on it. It can be a utility bill, bank statement, affidavit or any other type of bill with correct personal information (name and address) on it. It must not be more than 6 months old.
Moreover Finex Ltd requires physically signed application form submission. Customers are also required to inform company in case of any change in their personal information already submitted in Finex Ltd record.
In case if documents are in non-western language then it must be first translated into English by any official translator and this translated copy must be duly signed and stamped by that translator and submitted along with other related documents and clients’ photo on it.
Deposits and Withdrawals
In case of money deposits the sender name must match the name of customer present in Finex Ltd record. No third party mediation is allowed in this case.
Similarly in case of money withdrawal recipient name must be matched with the name of account holder he is withdrawing money from If online money transfer is to be involved even then funds can be withdrawn through same online transfer system to the same account from where it has been transferred.