AML/CTF Policy

Knockout Forex is obliged to adhere to Anti-Money Laundering (AML) policies with due diligence. Knockout Forex complies with the international Anti-Money Laundering laws and regulations, and maintains a strong and aggressive stance to prevent illicit money laundering activities. Our stringent policies and procedures were implemented to detect, prevent and report Money Laundering and any other suspicious activities.

 

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POLICY STATEMENT AND PRINCIPLES

Knockout Limited (referred as "Knockout Forex") has adopted a program that complies with the AML/CTF Act. As part of this process, you will need to provide evidence of identification.

Scopt Of Policy

CUSTOMER IDENTIFICATION PROGRAM

Knockout Forex will provide notice to customers that it is requesting information from them to verify their identities, as required by applicable law.

VERIFYING INFORMATION

In verifying customer identity, appointed egent shall review photo identification. Knockout Forex shall not attempt to determine whether the document that the customer has provided for identification has been validly issued.

For verification purposes, Knockout Forex shall rely on a government-issued identification to establish a customer's identity. Knockout Forex however, will analyze the information provided to determine if there are any logical inconsistencies in the information obtained.

Knockout Forex will document its verification, including all identifying information provided by the customer, the methods used and results of the verification, including but not limited to sign-off by the appointed producer of matching photo identification.

CUSTOMERS WHO REFUSE TO PROVIDE INFORMATION

If a customer either refuses to provide the information described above when requested, or appears to have intentionally provided misleading information, the appointed agent shall will decline the application and notify the AML Compliance Committee.

MONITORING AND REPORTING SUSPICIOUS ACTIVITY

SUSPICIOUS ACTIVITIES

If the appointed producer:

Our Compliance Regime

 

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