Anti-Money Laundering Policy

Money laundering is the act of converting money gained from illegal activity into money that appear to be legitimate so that to have an opportunity to use them publicly and openly. The form of money can change from cash to electronic (e.g. via ATMs), and visa versa. Domestic and international laws that apply to companies, whose customers can deposit and withdraw funds from their accounts, make it impossible and illegal for ForexHunt, or its employees or agents, to knowingly engage, or attempt to engage in a monetary transaction in criminally derived property.

Implemented procedures

The objective of anti-money laundering procedures that ForexHunt implements is to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers. ForexHunt and its employees are committed to assisting specialized international institutions combat the threat from money laundering and terrorist financing activities around the world.

ForexHunt carefully tracks suspicious and significant transaction activities, and immediately reports such activities to law enforcement bodies. To uphold the integrity of the monitoring systems and provide protection to businesses, the international legislation provides legal protections to providers of such advices.

In order to minimize the risk of money laundering and terrorist financing activities, ForexHunt does not accept cash deposits and does not pay out cash under any circumstances. ForexHunt reserves the right to refuse to process a transaction at any stage, where it believes this transaction to be connected in any way to money laundering or criminal activity. Under the international legislation ForexHunt is prohibited from informing a customer that they have been reported for suspicious activity to law enforcement bodies.

Procedures order

Identification

For the purpose of complying with anti-money laundering laws, ForexHunt requires two different documents to verify the identity of the customer.The first document we require is a legal government-issued, identifying document with the picture of the customer on it. It may be a passport, driver's license (for countries where the driver's license is a primary identification document) or local ID card (no company access cards).

The second document we require is a bill with the customer's own name and address of registration on it not older than 6 months. It may be a utility bill, bank statement, affidavit, or other bill with the name and address of the customer from an internationally recognizable organization.

Customers are required to submit up-to-date identification information in a timely manner, as soon as changes occur.

Documents in non-western letters must be translated into English by an official translator; the translation must be stamped and signed by the translator and sent together with the original document with a clear picture of the customer on it.

Deposits

ForexHunt requires all deposits, where the name of the originating customer is present, to come from the name matching the name of the customer in our records (if the name of the originating customer is provided by a payment system). Third party payments are not accepted.

Withdrawals

By the withdrawals the personal data of the recipient must exactly match the data of the client given by the registration.

Money may be withdrawn to the same account and by the same way it was received:

• If the deposit was made by wire transfer, funds may be withdrawn only by wire transfer to the same bank and to the same account from which it originated.
• If the deposit was made by means of electronic currency transfer, funds may be withdrawn only by the means of electronic currency transfer through the same system and to the same account from which it originated.