AML/CFT Policy

ANTI-MONEY LAUNDERING (AML) POLICIES AND REGULATIONS

Customer Identification:

XFortuit is required to comply with regulatory client identification requirements. This includes the collection of identification information such as full name, address, date of birth, national ID number or passport, as well as other pertinent information to identify the person.

Transaction Monitoring:

XFortuit monitors its clients’ transactions to detect any suspicious activity. This includes transactions that can be indicative of money laundering or terrorist financing. As well, the brokerage must keep and record this information for a minimum of five years.

Customer Due Diligence:

XFortuit performs full due diligence. This includes verifying both source of revenue and the source of funds. XFortuit reserves the right to decline to open accounts or perform transactions on behalf of customers who are not subject to due diligence.

Employee Training:

Everyone in the XFortuit group is trained to recognize and report suspicious activity. They must follow strict anti-money laundering procedures and raise any concerns with their in-house compliance department.

Access to Confidential Information:

Access to confidential information is only authorized for employees who require it to do their work. Such employees are responsible for signing confidentiality agreements and following proper security procedures.

Communication to Regulators:

XFortuit collaborates with local regulators to prevent and fight money laundering. This includes the reporting of suspicious activity and the provision of information where appropriate.

XFortuit undertakes to ensure that its commercial activities abide by all applicable laws and regulations. The fight against money laundering is an essential element of the company and we are committed to maintaining the highest standards of integrity and compliance