Money laundering is the act of converting money or other material values gained from illegal activity (terrorism, drug dealing, illegal arms trade, corruption, human traffic and etc.) into money or investments that appear to be legitimate. Such activity is used so that the illegal source of money and other material values cannot be traced.

In order to confront the penetration of criminal money into the state economy and to prevent expansion of terrorist activity, countries carry on a struggle against money laundering and terrorism financing. Financial organizations are one of the most targeted and easiest to access and convenient institutions that allow launderers to legalize revenue from illegal activity. The increased integration of financial markets and liberty of capital mobility between them make market penetration of criminal capital easier. The Company applies by-law and programs of its implementation to help international organizations to struggle against money laundering and financing of terrorist activity all over the world.

• The Company collects and verifies identification data of the Client and also logs and tracks itemized statements of all transactions carried out by the Client.
• The Company tracks suspicious transactions of the clients and transactions executed under nonstandard conditions. The Company performs its anti-money laundering compliance on the basis of AML FATF recommendations.
• The Company neither accepts cash deposits nor disburses cash under any circumstances.
• The Company reserves the right to refuse to process a transaction at any stage, when it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international law the Company is not obligated to inform the Client that they were reported to the corresponding governing bodies due to Client's suspicious activity.

FXOpen is committed to regularly update its electronic system for inspection of suspicious transactions and for verification of client identification records, in accordance with any new regulations as they are promulgated, as well as providing training for its employees on enhancements to anti-money laundering procedures that may be required by new regulations. All of FXOpen Compliance Department employees completed training and certification programs for an Anti-Money Laundering (AML) at the Institute for Financial Markets.