Laundering of funds obtained by illegal means is an act of converting money or other monetary instruments received from illegal activities into money or investments that seem to be legitimate, so that their illegal source could not be detected. Domestic and international legislation is applied to Companies whose clients can deposit and withdraw funds from their accounts.
Multi-AF adheres to the highest standards of anti-money laundering (AML) and terrorism financing and demands from its employees full implementation of standards of counteracting laundering of funds received by illegal means. In this regard, the Сompany carries out a full range of activities aimed at identifying and counteracting the laundering of funds obtained by criminal means and financing of terrorism. The internal rules are carefully observed according to international requirements in this matter.
Procedures carried out by Multi-AF for anti-money laundering
Existing procedures
The purpose of the procedures for anti-money laundering, carried out by Multi-AF, is to ensure that the clients involved in certain actions are identified by a reasonable standard with a minimum impact on law-abiding clients. Multi-AF provides all the necessary assistance to international organizations for anti-money laundering and terrorism financing all over the world. For this purpose, Multi-AF has introduced a sophisticated electronic system that documents and verifies the Client's identity, and tracks all transactions and reports on all transactions.
Multi-AF carefully monitors suspicious and large-scale actions and transactions and reports these actions to the relevant authorities in a timely manner. In order to maintain the integrity of the monitoring and business security systems, the international legal framework provides legal protection to providers of such information.
In order to minimize the risk of money laundering and terrorism financing, Multi-AF does not accept cash as a deposit and does not pay cash under any circumstances. The Company Multi-AF reserves the right to refuse the procession of a transaction at any stage in case if the transaction is related to money laundering or criminal activity. According to the international legislation, Multi-AF does not have the right to inform the Client if such suspicious activity has been informed to the relevant authorities.
Identification and verification of clients
In order to implement the laws of anti-money laundering, Multi-AF requires the Client to provide two documents certifying his identity. The first document we require is the Client's government-issued identification document with the Client's photo on it. This may be a government issued passport, driver license (for countries where a driver's license is a primary identification document), or a local identity card (except for corporate access cards). The second document we require is a bill with the full name of the Client and the actual address not older than 3 months. This may be a bill for services, bank letter, notarial certificate or any other bill with the name and address of the Client from an organization recognizable at the international level.
Clients are required to provide up-to-date identification information and to report any changes to it immediately. The Client must inform the Company about any changes of contact information or personal data in a timely manner.
Documents which are not in western languages must be translated into English by an official translator; the translation must be printed, signed by the translator and sent together with a copy of the original document with a clear photo of the Client.
Payment Policy: deposit and withdrawal
We would like to draw your attention to the fact that Multi-AF forbids to make return payments when working with payment systems and bank cards. In order to withdraw from the trading account to one of these systems, it is necessary to submit an application through the Client's cabinet. Funds are received within 3 working days. If the funds were lost as a result of any transaction, unfortunately, they cannot be returned back by means of a return payment. We highly recommend you to familiarize with the Notice of Risks before start trading.
When depositing the Client’s account with Multi-AF, the name of the funds sender must fully coincide with the name indicated at the time of the account registration (in case if the payment system provides the name of funds sender). Payments from third parties are not accepted.
Multi-AF requires following the generally accepted order of replenishment and withdrawal of funds. The funds may be withdrawn to the same account and in the same manner in which the replenishment was made. When withdrawing, the name of receiver has to coincide with the Client's name in the database of the Company. If the replenishment was made via bank transfer, the funds can be withdrawn only via the same bank transfer to the same bank and to the same account from which the replenishment was executed. If the replenishment was made via electronic payment system, the funds can be withdrawn only via electronic payment to the same system and to the same account from which the replenishment was made.
The company accepts payments in the following currencies: USD, EUR, RUB. Withdrawal of funds is carried out only in the currency, in which the replenishment was made in order to comply with anti-money laundering.
If you have any further questions, please contact us by email.