An Anti-Money laundering policy is a set of procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
FBS complies with all applicable laws and regulations to prevent using our financial system for money laundering and terrorist financing. The implementation of such rules is mandatory and overseen by the regulator.
How does this affect FBS clients?
By confirming the account registration, the client agrees to comply with all the company’s AML policy requirements, including the following:
- The client must use their own credit/debit cards or e-wallets to deposit and withdraw funds. If the card/e-wallet has been closed, the client is obliged to provide an official confirmation of the closure;
- If the client is suspected of manipulating bank cards and/or accounts of the third parties, the Company has the right to suppress the client’s actions immediately;
- Any illegal behavior, such as corruption, money laundering, collusion, financing of terrorism, as well as any other unlawful acts and actions, will be suppressed by the FBS;
- The company will investigate any cases of concealed identity, source, and/or destination of illegally obtained funds.
For further information, please do not hesitate to get in touch with our customer support.