Anti-Money Laundering and Combating the Financing of Terrorism (AML) and the «Know your client» (KYC) Policies
Stamford Trading Technologies, LP. is committed to ensuring high standards in relation to combating legalization («laundering») of funds obtained illegally and the financing of terrorism. These standards are strictly followed by the management and employees of the Company for the purpose of complying with the requirements of local and international legislation bona fide.
For that, Stamford Trading Technologies, LP. implements procedures to prevent legalization («laundering») of funds obtained illegally, as well as procedures to ascertain (verify) the customer's identity. At the same time, the Company ensures reasonable standards of identification (verification) and the minimal number of extra procedures associated with it.
Stamford Trading Technologies, LP. AML (Anti-Money Laundering) policy involves the prevention of the use of the Company’s services by criminals for the purpose of legalization («laundering») of funds, financing of terrorism or other criminal activity. For that purpose, Stamford Trading Technologies, LP. has developed and implemented a complex electronic system. The system documents, stores and verifies clients’ identification data, and generates detailed reports on all transactions. Also, a strict policy to detect, prevent and inform the relevant regulatory and/or law enforcement authorities of all suspicious transactions has been implemented by the Company.
In order to ensure the integrity of the monitoring system and the security of business, the international legislation provides legal protection for suppliers of such information. In cooperation with regulatory and/or law enforcement authorities, Stamford Trading Technologies, LP. has no right to inform its client that the relevant authorities have been notified of its activities.
To minimize the risk of legalization of the funds obtained illegally and of the financing of terrorist activities, Stamford Trading Technologies, LP. does not accept or pay cash under any circumstances. The Company can receive payments only via electronic payment systems, plastic card or direct bank transfers, subject to the client identification.
The Company reserves the right to terminate any client's transaction, which can be deemed illegal or, in the opinion of employees, may be connected with money laundering.
As part of the «Know your client» (KYC) policy, Stamford Trading Technologies, LP. asks each real client to provide two documents to prove their identity, to comply with the anti-money laundering legislation.
The first requirement is a document (the relevant ID) with the photo, issued by the state authorities. It can be a passport, a driving license or another ID used in the applicant's country. The second document is a bill (for example, a utility bill), indicating the full name and the address, issued not earlier than 3 months before. These may include: utility bills, bank statements, affidavit, or an invoice or bill with the name and address of the client issued by an organization recognized and known internationally.
The clients are required to provide reliable personal information and immediately notify the Company in the case of any changes. The documents where the information is not displayed in Latin characters have to be translated into English and notarized. The translated copy and a copy of the original document of good quality have to be sent to the Company.
Stamford Trading Technologies, LP. duly stores and processes personal data by taking all possible measures at the proper technical level to ensure the safety of each client and of the business in general.
In the case that you do not agree with this policy, you have to stop using Stamford Trading Systems Company, LP services.