Legal Documents

At Marketsall, we believe in transparency and open communication with our clients. That’s why we have made our legal documents easily accessible on this page. These documents outline the terms and conditions of our services, as well as our responsibilities and obligations to our clients.

Please take the time to review the following documents before using our platform:

Terms and Conditions: This document outlines the terms and conditions of our services, including information on account opening, trading conditions, and dispute resolution.

Risk Disclosure Statement: This document provides important information on the risks associated with Forex trading. It is important to fully understand the risks involved before trading on our platform.

Privacy Policy: This document outlines our commitment to protecting the privacy and security of our clients information. It provides information on how we collect, use, and protect your personal data.

Know Your Customer (KYC): KYC is a regulatory framework implemented by financial institutions and other businesses to verify and gather essential information about their customers. The aim is to prevent money laundering, terrorist financing, fraud, and other illicit activities. In Mauritius, the Financial Intelligence and Anti-Money Laundering Act (FIAMLA) governs the KYC requirements.

Key elements of Mauritius’ KYC policies include:

1. Customer Identification: Financial institutions are required to establish the identity of their customers through reliable and independent documentation. This typically includes obtaining a valid identification document such as a passport, national identity card, or driver’s license.
2. Verification of Identity: Institutions must verify the authenticity of the provided identification documents by conducting appropriate checks. This may involve contacting relevant authorities, using electronic identity verification systems, or employing other reliable methods.
3. Beneficial Ownership: Institutions need to identify the beneficial owners of legal entities, such as companies or trusts, with whom they establish a business relationship. They should gather information on individuals who ultimately own or control these entities.
4. Risk Assessment: Institutions must assess the risk associated with each customer based on factors such as their location, business activities, source of funds, and reputation. Higher-risk customers require enhanced due diligence procedures.

Anti-Money Laundering (AML): AML refers to the measures taken to detect, prevent, and deter money laundering and terrorist financing. Mauritius has implemented various laws and regulations to combat these illegal activities, including the FIAMLA.

Key aspects of Mauritius’ AML policies include:

1. Suspicious Transaction Reporting: Financial institutions are obligated to report any transactions or activities that appear suspicious or potentially related to money laundering or terrorist financing. They have a duty to monitor customer transactions and promptly notify the relevant authorities of any suspicions.
2. Customer Due Diligence (CDD): CDD procedures involve assessing the risk associated with a customer, verifying their identity, and understanding the nature of their transactions. This helps institutions determine the level of scrutiny required and ensures compliance with AML regulations.
3. Record Keeping: Institutions must maintain adequate records of customer transactions, identity verification, and due diligence measures for a specified period. These records should be available for inspection by regulatory authorities.

Documentation: In Mauritius, the required documentation for KYC and AML compliance typically includes:

1. Customer Identification Documents: Valid identification documents, such as passports, national identity cards, or driver’s licenses.
2. Proof of Address: Documents that verify the customer’s residential or business address, such as utility bills, bank statements, or official correspondence.
3. Business Documents: In the case of legal entities, documentation pertaining to their incorporation, ownership structure, and authorized signatories may be required.
4. Transaction Records: Financial institutions are expected to maintain records of customer transactions, including details of the amounts involved, parties involved, and the purpose of the transactions.

It’s important to note that the specific requirements and documentation may vary based on the type of institution, the nature of the business relationship, and the level of risk associated with the customer.