AML Policy

Allianz Market (or the “Company” “we” “us”) adheres to the highest anti-money laundering (AML) and terrorist financing standards and requires management and employees to adhere to these standards.

Money laundering is the process of converting funds obtained from illegal activities (for example, fraud, corruption, terrorism, etc.) into other funds or investments that appear legitimate in order to hide or misrepresent the real source of funds. The money laundering process can be divided into three successive stages:

  • Allocation. At this point, the funds are converted into financial instruments such as checks, bank accounts and money orders, or can be used to order to buy high-value goods that can be resold. Such funds can also be deposited physically with banks and non-banking institutions (such as exchange offices). In order to avoid suspicion on the part of the company, the launderer can also make several deposits instead of depositing the entire amount at once, this form of allocation is called smurfing.
  • Layering. Funds are transferred or moved to other accounts and other financial instruments. It is executed in order to hide the origin and violate the indication of an organization that has made multiple financial transactions. Moving money and changing its shape makes it difficult to track money laundered.
  • Integration. The money is returned to circulation as legal for the purchase of goods and services.

Anti-Money Laundering (AML) policy

Allianz Market, like most companies, which provide services on the financial market, adheres to the principles of combating money laundering and actively prevents any activity aimed at legalizing illicit funds or facilitating it. AML policy means to prevent criminals from using the company's services for the purpose of money laundering, financing of terrorists or other criminal activities. To this end, the company has implemented a strict policy of identifying, preventing and alerting the relevant authorities of any suspicious activity. Moreover, Allianz Market is not authorized to inform Customers that law enforcement agencies are aware of their activities. To prevent money laundering, Allianz Market does not accept or disburse cash under any circumstances. The Company preserves the right to suspend any Customer's transaction that may be deemed illegal or may be associated with money laundering, in the opinion of the staff.

Company's procedures

Allianz Market will take care of dealing with a natural or legal person. Allianz Market also takes all necessary measures in accordance with applicable legislation and regulations issued by the monetary authorities. AML policy is implemented within Allianz Market through the following:

  • know your customer policy and due diligence
  • monitoring of Client activity
  • record keeping

Know Your Customer and Due Diligence

Due to the company's adherence to AML and KYC policies, each Customer of the company must go through a verification procedure. Before Allianz Market enters into any relationship with a Customer, the company warrants that satisfactory evidence is provided or such other steps taken to provide satisfactory proof of the identity of any client or counterparty. The company also pays increased attention to clients-residents of other countries, identified by reliable sources as countries that have inadequate AML standards or that may pose a high risk of crime and corruption, as well as beneficial owners who reside and whose funds come from named countries.

Individual Clients

During the registration process, each client provides personal information, namely: full name; date of birth; origin; full address including phone number and a code of the city. Individual client submits the following documents due to KYC requirements and to confirm the specified information: A high-resolution copy of the first page of a local or foreign passport with a clearly visible photo and signature, or a copy of a driver's license with the same requirements. These documents must be valid for at least 6 months from the date of submission. A high-resolution copy of a utility bill or bank statement containing the full name of the Customer and the actual place of residence. These documents must not be older than 3 months from the date of submission. The company reserves the right to impose additional due diligence requirements for the reception of clients, who reside in definite countries.

Monitoring of Client activity

In addition to collecting information from customers, Allianz Market continues to monitor the activity of each customer in order to identify and prevent any suspicious transactions. A suspicious transaction is known as a transaction that is incompatible with the Customer's legitimate business or the Customer's normal transaction history known from monitoring Customer activity. Allianz Market has implemented a monitoring system for these transactions (both automatic and, if necessary, manual) to prevent malicious users from using the company's services.

Deposit and withdrawal requirements

The following requirements are imposed on all operations of the Customer for depositing and withdrawing funds: In the case of a bank transfer or transfer from a bank card, the name specified during registration must coincide the name of the account / bank card holder. Withdrawing funds from a trading account using a method other than the deposit method is possible only after withdrawing an amount equal to the amount of the Customer's deposit using this method, and to the same account that was used for the deposit. The funds can be withdrawn to the Customer's bank account or can be used in any other way, as agreed with the Company, through which the Company can verify the identity of the account holder, if the account was credited in a way that cannot be used to withdraw funds. If funds were credited to the account through various payment systems, withdrawals will be made in proportion to the size of each deposit. In case of making a deposit via Visa / MasterCard, bank transfer, withdrawal of funds exceeding the amount of the Customer's deposit is possible in any of the following ways: Visa / MasterCard, bank transfer. In case of making a deposit in another way, withdrawal of funds in excess of the amount of the Customer's deposit is possible in any available way at the choice of the Customer.