44Trades prohibit any kind of activity that is related to money laundering and any activity that is related to funding of terrorist or criminal activities by complying with all applicable requirements.
Our compliance team is best practice in AML policy and in money laundry prevention.
Upon open account you will be requested to verify your account be sending verifying documents such as ID, UB, declaration and other document that might be requested to proof there is not any illegal activity involved with open the account. Any transaction that might seems suspicious can cause closing of the account. Any monetary transaction in the account must be done only the its sole owner. And withdraw from the account can be done ONLY directly to the account owner and only after verification. Any monetary transaction that is done from the account to another beneficiary that is not the account owner is prohibited only in cases where the other beneficiary send all requested documents and the owner sigh document which should be notarized and apostille where he states that there is not any illegal activity, relationship with the beneficiary and purpose of use and approval of transaction (should be done for each monetary transaction that is not to the account holder)