Effective Date: [16-12-2015]

Last Updated: [16-12-2024]

At FX Index Capital, we are committed to maintaining the highest standards of integrity and compliance with applicable financial regulations. To that end, we have implemented a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policy designed to detect, prevent, and report suspicious activities.

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1. 🔍 Purpose of KYC/AML Policy

This policy aims to:

• Prevent the use of our platform for money laundering, terrorism financing, fraud, or other illegal activities.

• Ensure compliance with local and international laws, including but not limited to:

• Financial Action Task Force (FATF) recommendations

• EU AML Directives

• U.S. Bank Secrecy Act (BSA)

• Nigeria’s EFCC and SEC AML laws (if applicable to your jurisdiction)

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2. 👤 Customer Identification Program (CIP)

All users must complete identity verification before accessing full platform features. This includes:

a. For Individuals

• Full legal name

• Date of birth

• Nationality

• Government-issued ID (passport, driver’s license, national ID)

• Proof of address (utility bill, bank statement)

b. For Corporations or Institutions

• Company registration documents

• Director/shareholder identities

• Registered business address

• Ultimate Beneficial Owner (UBO) declarations

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3. ⚖️ Risk-Based Approach

FX Index Capital employs a risk-based approach to categorize users based on factors such as:

• Geographic location

• Transaction volume and frequency

• Source of funds

• Political exposure (e.g., PEPs)

Higher-risk accounts undergo enhanced due diligence (EDD).

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4. 🔁 Ongoing Monitoring

We continuously monitor accounts and transactions to detect:

• Unusual trading patterns

• Large or rapid fund movements

• Transactions inconsistent with declared purpose or profile

Suspicious activity will be flagged, reviewed, and potentially reported to the appropriate Financial Intelligence Unit (FIU).

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5. ❗ Suspicious Activity Reporting (SAR)

FX Index Capital is legally required to report certain activities that may be associated with money laundering or financial crimes. We may report such activity to relevant authorities without prior notice to the user involved.

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6. 🚫 Sanctioned and High-Risk Countries

We do not onboard or provide services to individuals or entities in jurisdictions that are:

• On OFAC, UN, EU, or FATF sanction lists

• Identified as high-risk or non-cooperative in the global fight against money laundering

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7. 🧑‍💻 Staff Training & Internal Controls

Our team is trained regularly on AML/KYC procedures, red flags, and reporting protocols. We also maintain internal controls to:

• Ensure effective record keeping

• Track compliance performance

• Regularly review and improve procedures

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8. 📂 Data Retention

KYC records and transaction logs are securely stored for a minimum of 5–7 years after account closure or as required by law. This allows us to cooperate with investigations and regulatory inquiries.

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9. 📝 User Responsibilities

By using FX Index Capital, you agree to:

• Provide accurate and complete information

• Update your profile if your status or documentation changes

• Cooperate with any additional verification if requested

Failure to comply may result in the suspension or termination of your account.

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10. 📞 Contact Compliance Office

For compliance-related inquiries or concerns:

📧 [admin@indexFxC.io]