Marketsall Brand is committed to the highest standards of compliance against money laundering (AML) and anti-terrorist financing (CTF). The objective of the Companies Policy against Money Laundering and Terrorism Financing is to actively prevent the risks of these matters. To help the government combat the financing of terrorism and money laundering activities, the law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. We have an obligation to report suspicious client activity relevant to money laundering.
Money Laundering: The process of converting funds received from illegal activities (such as fraud, corruption, terrorism, etc.) into other funds or investments that appear legitimate to hide or distort the actual source of funds.
The money laundering process can be divided into three sequential stages:
“Marketsall Brand” adheres to the principles of Anti-Money Laundering and actively prevents any action that targets or facilitates the legalization process of illegally obtained funds. The AML policy means preventing the use of the company’s services by criminals, with the objective of money laundering, terrorist financing or other criminal activity.
To prevent money laundering, “Marketsall Brand” does not accept or pay in cash under any circumstances. The company reserves the right to suspend the operation of any client, which may be considered illegal or, in the opinion of the staff, related to money laundering.
Company Procedures
“Marketsall Brand” will ensure that it is a real or legal person. “Marketsall Brand ” also performs all the necessary measures in accordance with the applicable laws and regulations, issued by the monetary authorities. The AML policy is being met within FX of “Marketsall Brand” by the following means:
Know Your Customer – Due to the company’s commitment to AML and KYC policies, each company customer must complete a verification procedure. Before “Marketsall Brand” initiates any cooperation with the client, the company ensures that satisfactory evidence is presented or other measures are taken that produce satisfactory proof of the identity of any client or counterparty. The company also applies increased scrutiny to clients, who are residents of other countries, identified by credible sources as countries, who have inadequate AML standards or who may pose a high risk of crime and corruption and beneficial owners who reside in and whose funds are sourced from named countries.
Individual Clients
During the registration process, each client provides personal information, specifically: full name; birthdate; country of origin; and full residential address. The following documents are required to verify personal information: A client submits the following documents (in case the documents are written in non-Latin characters: to avoid delays in the verification process, it is necessary to provide a notarized translation of the document in English ) due to KYC requirements and to confirm the indicated information:
Corporate Clients
In the event that the applicant company is listed on a recognized or approved stock exchange or when there is independent evidence to show that the applicant is a wholly owned subsidiary or a subsidiary under the control of said company, no further steps will normally be taken to verify the identity. necessary. In the event that the company is not listed and none of the main directors or shareholders already has an account with the following documentation must be provided:
Tracking Customer Activity
In addition to collecting customer information, “Marketsall Brand” continues to monitor the activity of each customer to identify and prevent any suspicious transactions. A suspicious transaction is known as a transaction that is not consistent with the legitimate business of the customer or with the transaction history of the regular customer known by tracking customer activity. “Marketsall Brand” has implemented the named transactions monitoring system (both automatic and, if necessary, manual) to prevent criminals from using the company’s services.
Registry Maintenance
Records must be kept of all transaction data and data obtained for identification purposes, as well as all documents related to money laundering issues (e.g. suspicious activity reporting files, AML account monitoring documentation , etc.). Those records are kept for a minimum of 7 years after the account is closed.
Measures Taken
In cases of an attempt to execute transactions that “Marketsall Brand” suspects are related to money laundering or other criminal activity, it will proceed in accordance with applicable law and report the suspicious activity to the regulatory authority.
“Marketsall Brand” reserves the right to suspend the operation of any client, which may be considered illegal or may be related to money laundering in the opinion of the staff. “Marketsall Brand” has full discretion to temporarily block the suspicious customer’s account or terminate a relationship with an existing customer.
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Marketsall Ltd
Registration No: 203266
Office Address
6 St Denis Street 1/F River Court
Port Louis 11328 MAURITIUS
Marketsall is operating in Mauritius via Marketsall Limited, authorized and regulated as an Investment Dealer by The Financial Services Commission (License no: GB23201682).
Risk Warning
The financial products offered via this website include digitals, contracts for difference (CFDs), and other complex derivatives and financial products. Trading options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex financial products offered, please be sure to understand the risks involved and learn about Secure and responsible trading.
Marketsall doesn’t accept customers from certain jurisdictions including the Afghanistan, Bosnia and Herzegovina, Burundi, Congo, Democratic Republic of the, Guinea, Guinea-Bissau, Haiti, Iran, Islamic Republic of, Iraq, North Korea, Lebanon, Libya, Mali, Myanmar, Nicaragua, Serbia, Somalia, South Sudan, Sudan, Syrian Arab Republic (Syria), Tunisia, Yemen, Zimbabwe, Russian Federation, Crimea, Turkey, Canada and the United States of America (USA).
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