ALT Markets is a worldwide FOREX broker. Therefore, we are obligated to abide by anti-money laundering rules and regulations.
ALT Markets is bound by international laws and regulations regarding anti-money laundering and pledges to forcefully oppose illegal activities related to money laundering. Our strict systems and strategies are designed to discover, notify, and report all dubious activities, including money laundering.
Money Laundering Definition
Money laundering is the activity during which criminals attempt to move their illegally acquired funds by exchanging them with legal financial resources without alerting the authorities.
When criminals convert their illegal funds to genuine financial assets, criminals can use them in various transactions, move them between banks, make purchases of products and services, or even finance criminal activities such as terrorism. ALT Markets pledges to report to the respective authorities any such attempt by individuals or businesses to mask the origin and ownership of illegal activities, including illegal gambling, fraud, and theft, among other similar activities.
Do I Need to Provide Proof of Identity Prior to Opening a FOREX Trading Account?
To counter money laundering, ALT Markets requires that all of our clients provide supporting documentation verifying their identity and their funds’ origins before creating an account. We also require verification checks on our clients’ IDs and make sure that their funds are of legal origin before creating a account account or depositing funds. Accordingly, all clients are required to provide legal documents confirming their personal details, name, and location.