DiamondFX (“the Company”) aims to prevent, detect and not knowingly facilitate money laundering and terrorism financing activities. The Company does this to protect its reputation, to comply with relevant laws and requirements, as well as to be a good corporate citizen. The Company also aims to comply with anti-money laundering (“AML”) and counter-terrorism financing (“CTF”) recommendations in a way that complements business priorities.
The management of the Company places extremely high importance on assisting in discovering any money laundering scheme.
These policies are to be read by and adhered to by all employees and officers of the Company. Any employee found not to be adhering to these policies and procedures will face severe disciplinary action. It is the policy of the Company and its Collaborators to prohibit and actively prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities.
Due to the cross-border nature of the transactions the international legal framework for anti‐money laundering consists of a number of sources represented by international conventions, the FATF Recommendations, European as well domestic law provisions. The following list the main reference rules for the Company, in relation to the countries in which it operates under the right of establishment.
Recommendations of FATF – FATF IX Special Recommendations, FATF 40 Recommendations.
These recommendations represent the standards for preventing and combating money laundering and terrorism financing, to which other international bodies, the European Union and individual Member State refer.
EU Directive – 2015/849 – IV Anti‐Money Laundering
This directive outlines measures for preventing and combating money laundering and terrorism financing, acknowledging the evolution of international standards with the aim of achieving a harmonized regulatory environment between the Member States.
Client Identification and Verification
For the purpose of remaining in compliance with Anti-Money laundering laws, DiamondFX requires two different documents to verify the identity of each client. The first document we require is a legal government-issued, identifying document with the picture of the customer on it. This may be a government-issued passport, driver’s license (for countries where the driver’s license is a primary identification document) or government issued ID card. The second required document is a bill with the client’s own name and current address. This should be issued 3 months ago at the earliest and may be a utility bill, a bank statement, payslip, or tax document.
In order to change the personal details related to the Client Profile, Clients must provide a document confirming ownership of the new address or telephone number. Clients are required to submit updated identification and contact information in a timely manner. Documents which are not in English must be translated into English by an official translator. The translation must be stamped and signed by the translator and submitted along with the original document and a clear photo of the client.