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YaMarkets is required to comply with the Anti-Money Laundering and Countering Financing of Terrorism Legislation (AML/CTF Laws). To help the government fight the funding of terrorism and money laundering activities, law requires all financial institutions to obtain, verify, and record information that identifies each person opening an account. YaMarkets has developed internal Anti-Money laundering and Counter-Terrorism Policy (hereinafter – AML Policy) based on the risk assessment, so the objectives of the AML/CFT Laws can be achieved. These are:
As per the AML Policy YaMarkets will conduct initial and ongoing due diligence for each customer according to risk level posed by the customer.
What this means for you: In compliance with the AML/CFT legislation and YaMarkets AML Policy, YaMarkets will ask for certain minimum identification information from each customer which opens an account; record customer identification information and the verification methods and results; provide notice to customers that we will seek identification information and compare customer identification information with government-provided lists of suspected terrorists.
In order to verify the abovementioned information YaMarkets will require submitting the following documents:
In order to verify the abovementioned information YaMarkets will require at minimum submitting the documents specified above for corporate customers. YaMarkets may also request you to provide additional information accompanied with respective documents.
YaMarkets may at its sole discretion perform periodic customers due diligence and request them to update the information and documents needed by YaMarkets to comply with applicable AML/CFT regulations and internal AML Policy.
PWe expect that you provide us with the information and documents requested within 10 business days from the moment of respective request receipt. Once you provided us with all information and documents requested YaMarkets will perform KYC and CDD procedures within 10 business days and approve (verify) your account. If you failed to comply with the KYC CDD obligations YaMarkets may reject opening of an account for you or limit an access to your account.