AML stands for Anti Money Laundering. The Anti Money Laundering Law is a

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Isabella White
5 years ago
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1 Trader.Online strictly adheres to the Anti Money Laundering Laws imposed by law in an attempt to run a secured and fully compliant trading environment. Traders suspected for money laundering or having a suspicious source of revenue will be severely reprimanded, resulting in the permanent closure of their trading accounts and seizure of their funds. Submitting the required compliance documents is a way for us to certify your identity and ensuring that you are the one issuing the transactions. Help us protect you in this trading journey. The Trader.Online Compliance Team relies on your cooperation. What is AML procedure? AML stands for Anti Money Laundering. The Anti Money Laundering Law is a protocol used to prevent people from using funds out of illegal practices or any other criminal activities. 01

2 Established years ago, under the USA Patriot Act, more precisely in 2001, the AML protocols are not new to the digital options industry. What is the purpose of AML? AML procedures are carried out by all credible financial institutions around the world. As a reliable brokerage firm, Trader.Online has established an obligatory compliance procedure. Traders signing up for a trading account should imperatively send their documents the earliest possible to be able to trade on the platform. This set of protocols is also a preventive measure to protect your investments and your trading account from impersonification issues. Likewise, it helps us: To better know our customers hence provide them better tailored services. To reduce the risks of corruptions. To ensure that your credit card has not been stolen and is being misused. What is KYC? KYC is the acronym for Know Your Customers. Since Trader.Online is an online-based trading platform, it is important for us, as a company to know our customers. Besides, the KYC guidelines protect our customers as explained above and it will help us at Trader.Online to have a better understanding of your different personal situations. 02

3 Why is it essential? Once submitted, these documents play in your favor and in fact allows you to with peace of mind. Trading digital options is a serious commitment that you undertake when you invest funds and complying with the procedures actually gives us assurance about your endeavors. Here s why we accentuate on the compliance aspect: Being compliant depicts a healthy trading account and it automatically frees you from any dubious activity. It facilitates your future deposit and withdrawal undertakings. It makes other paperwork less time-consuming. You can enjoy from all trading features provided by Trader.Online. Digital options trading without a hitch. The submitted documents will act as a virtual contract between you, the customers and us. What will happen if documents are missing? In case you fail to provide your KYC documents: You will not be able to place any transactions. Your account will not be activated, therefore you might miss the opportunities the financial markets offer. Your welcome bonus will not credited to your trading account. 03

4 It is important to note that once you opened an account with Trader.Online, you will have to submit the KYC documents within 24 hours. What are the KYC documents? In order to be fully compliant and to be eligible to trade on Trader.Online s trading platform, you need to submit the following documents: 1. Proof of Identity Trader.Online needs to have a valid and legal document that will prove your identity. It can be either a full scanned copy or a picture of: Your driving license Your national ID card Your passport Note: It is important to ensure that the copy or the photo taken is full-sized and is clearly visible with naked eyes. 2. Proof of Address In order to prove your residential address, you will have to provide Trader.Online with a valid, full-sized scanned copy or a picture of your utility bill. This bill can be an electricity, water or even a gas bill. 04

5 However, the utility bill should not be more than 3 months old and should clearly display the name of the account holder. Utility Bill Bank Statement 3. Proof of Payment If you are going to make use of your credit card or debit card to effectuate the funding of your account, a scanned copy or a picture of the front and back of your credit card or debit card is required. Before proceeding with the copy or photo, make sure that the first 12 digits found on the front side of your card are hidden. We require only the last four digits of the card. Also, ensure that your name and the expiry date of the card is fully visible. Last 4 digits Last 4 digits VALID FROM EXP. 01/14 END 12/19 Mr John DOE 12 digits hidden Name + Expiry date VALID FROM 04/15 Mr Eli WHITE 12 digits hidden EXP. END 08/20 Name + Expiry date On the back of the credit card or debit card, ensure that only the last 4 digits from left to right is visible, we will likewise require that the signature is visible. Note that the CVV should be covered. 05

1248 5212 8022 2642 Compliance guide 2642 8022 4 digits CVV is covered 4 digits CVV is covered 4.

6 Compliance guide digits CVV is covered 4 digits CVV is covered 4. Transaction Authorisation Form In order to make sure that the transactions from your trading account have been made by you, the Transaction Authorisation Form should be filled with the required information. The transaction date is the date at which the transaction has been placed on our trading platform. Other information that are required are the Transaction amount (EUR/USD/GBP), last 4 Digits of your Credit or Debit card and your handwritten signature. Transaction Authorisation Form I, legally certify and acknowledge that the following information provided below is of legal acceptability. I declare I am fully aware that the transaction(s) placed Transaction Date Currency (USD/EUR/GBP) Transaction Amount Last 4 digits of your Credit Card Authorised Card Holder Signature Please include the details required below Full Name: ID/Passport Number: Trader.Online Account Number: Disclaimer: This form must be submitted to Trader.Online compliance department at compliance@trader.online in good faith from you as the client for every transaction that you will undertake throughout your trading journey in order to maintain the compliance of your account. I understand that trading involves a risk of loss and that transactions are irreversible in such cases. I declare and acknowledge that this agreement and the T&C (to which I gave my consent on the website) are executed by and between Zola Ltd, City of Sofia 1000, District of Vazrazhdane, 2 Pirotska Str., Fl. 4, ap. office 12, and me. I declare and acknowledge that Zola Ltd, City of Sofia 1000, Dis trict of Vazrazhdane, 2 Pirotska Str., Fl. 4, ap. office 12, pro vides me brokerage services 06

7 Submitting your documents in simple steps. Gather all the above mentioned documents. Make sure they are of good quality and send them to our Compliance Department at: If you require any additional information, feel free to contact our Support Department or your Customer Success Manager. Contact Phone:

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