AML Policy

AML Policy

BlazeMoneyFX is committed to complying with all applicable Anti-Money Laundering and Countering the Financing of Terrorism laws (AML/CFT Laws). To support global efforts in preventing terrorism financing and money laundering, we are required to obtain, verify, and maintain information that identifies each client opening an account with us.

Our internal AML Policy is built on a risk-based approach to ensure that the objectives of AML/CFT regulations are met. These objectives include:

1. Detecting and deterring money laundering and terrorism financing activities
2. Maintaining and enhancing BlazeMoneyFX's international reputation by following global standards such as those set by the Financial Action Task Force (FATF)
3. Strengthening public confidence in the financial system

Client Agreement and Responsibilities

By applying for an account with BlazeMoneyFX, you agree to the following:

1. You comply with all applicable anti-money laundering regulations, including AML/CFT Laws and related rules.
2. You have no reason to believe that:
   • The funds used for deposit are sourced from illegal activities; or
   • Your investment proceeds will be used to finance illegal operations.
3. You agree to provide any additional information requested by BlazeMoneyFX to comply with AML laws and regulations.

Due Diligence and KYC Requirements

In line with our AML Policy, BlazeMoneyFX performs initial and ongoing due diligence based on the customer’s risk level.

What This Means for You

To comply with AML/CFT laws, BlazeMoneyFX will:

1. Request minimum identification information when opening an account
2. Verify and record customer identity and verification results
3. Notify customers that identification data is required
4. Check customer data against official lists of suspected individuals involved in terrorism

Important: If required documents are not received, pending withdrawals will be canceled and returned to your trading account. You will be notified accordingly.

Required Information

For Individuals:

1. Full name, date of birth, nationality, and current permanent address
2. Relationship to the customer (if not the account holder)
3. Source of funds used for trading
4. Occupation and employer (or business nature if self-employed)

For Legal Entities:

1. Company name, registration number, and address/registered office
2. List of shareholders and beneficiaries (names, registration numbers, and addresses)
3. List of beneficial owners with full identification details
4. Source of funds to be used for trading
5. Purpose of opening the account

Required Documents

For Individuals:

1. Valid passport
2. National identity card
3. Armed forces identity card (if applicable)
4. Driver’s license with a photo
5. Proof of address (utility bill, bank statement, etc.)

For Legal Entities:

1. Certificate of Incorporation or equivalent
2. Memorandum and Articles of Association
3. Certificate of Good Standing or proof of registered address
4. Board resolution authorizing account opening and operators
5. Power of attorney or equivalent authorization
6. Proof of identity of directors and beneficial owners

Additional documentation may be requested at BlazeMoneyFX’s discretion.

Ongoing Due Diligence

BlazeMoneyFX reserves the right to periodically request updated documentation to ensure continued compliance with AML regulations and internal policies. Clients are expected to respond within 10 business days of receiving such a request.

Upon receiving complete documentation, BlazeMoneyFX will conduct its Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures within 10 business days. If these requirements are not met, BlazeMoneyFX may deny account opening or restrict access to the account.