At AltusFX, we are fully committed to supporting global efforts in the fight against money laundering and terrorism financing. This section outlines the legal standards, internal protocols, and verification procedures AltusFX has in place to comply with global anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks.

A. What is Money Laundering?

Money laundering refers to a series of transactions and mechanisms designed to disguise the illegal origin of funds. It typically involves:

Transferring money through foreign banks, legal businesses, or intermediaries to obscure its source.

Converting proceeds from criminal activities into assets that appear legitimate.

Using those funds in the financial system for investment or consumption.

Supporting terrorism by transferring or collecting funds intended for criminal acts or extremist organizations.

Such activity often includes the use of stolen identities, forged documentation, or compromised personal data. Victims whose information is misused may unknowingly become linked to illicit activities, highlighting the importance of robust identity verification.

B. Compliance with Legal Frameworks

AltusFX operates in strict accordance with applicable AML and CTF laws. To meet these obligations, we:

Apply due diligence processes when onboarding clients.

Monitor client transactions for red flags and suspicious patterns.

Implement secure data handling, reporting, and retention protocols.

Cooperate with financial intelligence units (FIUs) and government authorities if required.

Our systems are configured to detect activities indicative of fraud, identity theft, or illicit money movement. We maintain full compliance with global standards and regulatory expectations.

C. KYC (Know Your Customer) Process

Client verification is mandatory at AltusFX. During onboarding and throughout your account lifecycle, we will:

Request personal data and official identification.

Validate the legitimacy of the information provided using secure internal or third-party verification tools.

Restrict account access where verification is incomplete or problematic.

AltusFX reserves the right to decline registrations or block services if KYC documents are inadequate, falsified, or unverifiable.

D. Required Verification Documents

Clients are required to submit one or more of the following:

Government-issued photo ID: Passport, National ID Card, or Driver’s License

Proof of residence: Utility bill or bank statement issued within the last 90 days

Proof of source of funds (when applicable): 3-month bank statement, salary slips, or asset documents.

The submitted documentation must be clear, legible, and match the details used for account registration.

E. Data Protection and Usage

All personal information and documents provided for AML/KYC purposes are handled securely and used only for compliance:

We do not use KYC data for marketing or non-compliance functions.

Data is stored in encrypted systems and only accessed by authorized compliance officers.

Our procedures align with our Privacy Policy and relevant data protection laws.

Participation in these checks does not imply suspicion; it is a standard regulatory measure and a core safeguard for both AltusFX and its clients.

F. Ongoing Monitoring and Cooperation

AltusFX monitors all client activity on an ongoing basis. If transactional behavior is inconsistent with a client's profile or suggests misuse, we may:

Request additional documents or explanations.

Temporarily suspend account functions.

Report to authorities as per legal obligations.

We also conduct periodic internal audits to maintain high AML standards and collaborate with international regulators and investigators when appropriate.

G. Client Responsibility

As a client, you agree to:

Provide complete and accurate information.

Avoid using the AltusFX platform to facilitate transactions on behalf of third parties without disclosure.

Promptly respond to any KYC or AML-related requests made by the compliance team.

Non-cooperation or willful misrepresentation may result in account suspension, denial of service, or legal escalation.

AltusFX is dedicated to building a transparent and secure trading environment. Our AML policies are not just legal obligations but an ethical stance against financial crime and systemic abuse.