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Anti-Money laundering

  • Policy
  • Anti-Money laundering

Financial and anti-money laundering laws and anti-terrorist financing

zForex complies with the relevant anti-money laundering and anti-terrorism laws and regulations to prevent criminals from hiding and concealing the source and nature of income and proceeds from drug transactions, terrorist activities, smuggling, corruption and bribery, financial fraud, other criminal activities, etc. in order to prevent money laundering and terrorist financing activities.

1. zForex platform monitors client risk according to the following principles;

1.1. This platform comprehensively considers all kinds of risk factors that may cause customers to suspect money laundering.

1.2. zForex improves the ability to identify customers and accurately monitors customer risk.

1.3. zForex will continue to pay attention to the client's risk and take appropriate action according to the actual situation.

1.4. zForex customer identity information, transaction information and risk level information maintained by this operating system are strictly confidential and will not be provided to any organization or individual except in accordance with laws and regulations and regulatory requirements.

1.5. According to the risk level of the clients, zForex regularly reviews the basic information of the clients, and the audit of the clients with a higher risk level should be stricter than the clients with a lower risk level.

2. Monitoring users and their information

2.1. According to the specific requirements of anti-money laundering regulations, it recognizes low-risk users and reserves the right to adjust the level of low-risk users.

2.2. For high-risk customers, it conducts an audit at the end of half a year to update the basic information of the customer's identity and the accuracy of the information on the source of capital, the use of capital, their economic status or their business status.

2.3. According to the law, it takes the necessary measures to keep the customer's identity data and transaction information for a certain period of time. According to internationally accepted laws, the user's identity information is kept for at least one year after the end of the business relationship and the end of the transaction.

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