Anti-money Laundering

Forexray LP does not necessarily accept money laundering and supports the fight against money launderers. Forexray uses the guideline collection by New Zealand’s AML/CFT Administrators, according to the auspices of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. New Zealand’s is a full member of the Financial Action Task Force (FATF), the intergovernmental system whose objective is to struggle money laundering and terrorist financing.

Forexray LP has guidelines in place to prevent people from laundering money. These types of policies include:

  • Making sure clients have appropriate proof of identification;

  • Keeping records of identifying details;

  • Deciding that customers are not known or assumed terrorists by examining their names towards lists of recognized or suspected terrorists;

  • Reminding clients that the data they provide enable you to verify their identity;

  • Carefully following clients' funds transactions;

  • Not necessarily accepting cash, money orders, 3rd party transactions, trade houses transfers or Western Union exchanges.

Money laundering happens when funds from an illegal/criminal action are relocated through the financial system in such a way as to make it seem that the funds have come from reputable solutions.

Money Laundering commonly accepts three levels:

1.Firstly, cash or fund equivalents are positioned into the financial system;

2.Secondly, money is transmitted or moved to some other accounts (e.g. Commodity accounts) through a sequence of financial transactions created to unknown the origin of the money (e.g. Performing trades with little or no financial risk or transferring accounts amounts for some other accounts);

3.And also finally, the funds are re-introduced into your financial system so that the funds seem to have come from legitimate sources (e.g. Ending a futures account and transferring the funds to a bank account).

Trading accounts are one vehicle which you can use to launder illicit funds or to conceal the true owner of the funds. Specifically, a trading account can be used to perform financial transactions that assist imprecise the origins of the funds. Forexray immediate funds withdrawals returning to the original resource of remittance, as a precautionary measure.

Worldwide Anti-money Laundering needs financial services organizations to be aware of possible money laundering abuses that could occur in a client account and execute a compliance program to deter, detect and report possible suspect activity.

The following tips have been applied to protect Forexray LP and its customers.

For questions/comments concerning these suggestions, contact Forexray Compliance at   support@forexray.com

ForexRay Team

ForexRayTeam has an extensive range of financial instruments allowing individuals and establishments to make investments in exchange and stock markets.

ForexRay Team

We provides many representative locations worldwide. Most of them are located in Asia where the business has accomplished the biggest successes.

ForexRay Team

Our staff members are knowledgeable professionals. Transparency, understanding and personal strategy are our top priorities which present a model to emulate to stockbrokers in Russia plus European and Asian countries.

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