Alpha Market Global is committed to full compliance with applicable Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations. This policy is derived from relevant laws, regulations, and directives designed to combat money laundering and terrorist financing.
We recognize that strict adherence to AML and CFT regulations is essential to protect the integrity of financial systems and to prevent our services from being exploited, either intentionally or unintentionally, by criminal elements.
To this end, Alpha Market Global has implemented robust Know-Your-Customer (KYC) programs as integral components of our service, risk management, and control procedures. We are obligated to verify the identity of clients and monitor account activity to identify transactions that deviate from normal or expected patterns. Our program also includes record-keeping requirements, reporting of suspicious activities, and AML training for employees.
What is Money Laundering?
Money laundering refers to all activities involving the possession, handling, or transfer of criminal property, including proceeds from acts such as fraud, bribery, or corruption. Criminal property encompasses money, securities, tangible and intangible assets, and more.
A simplified money laundering process typically involves three stages:
Placement: Introducing illicit funds into the financial system, often via deposits.
Layering: Conducting multiple transactions to obscure the origin of funds and disrupt audit trails.
Integration: Injecting laundered funds into the legitimate economy, disguising them as normal business proceeds.
For this policy, money laundering also includes terrorist financing activities, such as handling or possessing funds intended for terrorist purposes or derived from terrorism.
When dealing with customers, Alpha Market Global remains vigilant to prevent any attempts by customers or their counterparties—whether knowingly or unknowingly—to launder funds through our services.
Know-Your-Customer (KYC) Procedures
Information Collection
During the application process, we collect essential documentation to understand our clients and ensure they are not victims or perpetrators of financial crime. Client-provided information may be verified electronically during this stage.
Periodic updates may also be requested to maintain accurate and up-to-date customer records.
Customer Acceptance
We maintain clear acceptance policies to identify clients who may pose a higher-than-average risk. KYC and due diligence are conducted before accepting potential clients. Factors such as customer background, country of origin, high-profile status, linked accounts, business activities, and other risk indicators are assessed.
High-net-worth individuals with unclear sources of funds undergo extensive due diligence. Funds from new clients are transferred only through reputable banks, which themselves follow AML protocols. Decisions regarding high-risk clients, such as politically exposed persons (PEPs), are escalated to senior management.
Controls
Non-Acceptance: Alpha Market Global does not accept:
Cash deposits.
Third-party deposits and redemptions.
Customers or entities from restricted or sanctioned countries.
Reference Checks: We refer to sources such as:
Australian Department of Foreign Affairs and Trade.
United Nations Consolidated Lists.
U.S. Office of Foreign Assets Control (OFAC).
Financial Action Task Force (FATF).
Exclusions: Alpha Market Global does not:
Accept U.S. citizens as clients.
Maintain anonymous accounts or relationships with shell banks.
Customer Identification
We collect the following information for all customers to establish the identity and purpose of the relationship:
For Individual Clients:
Full legal name(s).
Current permanent address.
Date of birth.
Profession or occupation.
Documents for verification include:
A current, valid passport or government-issued photo ID.
Proof of permanent address, such as a utility bill, tax authority bill, bank statement, or credit card statement.
For Corporate Clients:
Certificate of Incorporation.
Memorandum and Articles of Association.
Board resolution authorizing transactions.
Registers of Directors and Shareholders.
Business profile and audited financial statements (if available).
We also verify:
Directors and authorized account operators.
Major beneficial shareholders for private companies.
Ongoing Monitoring
Ongoing monitoring of accounts and transactions is essential for effective KYC. We establish activity baselines for each account to identify deviations from expected patterns. Enhanced monitoring is applied to higher-risk accounts, using key indicators such as:
Customer’s background, country of origin, and source of funds.
The nature of transactions and associated risk factors.
Transactions that raise suspicion are reported to relevant authorities.
Reporting Suspicious Activity
Suspicious activities, including but not limited to the following, are investigated and reported:
Transactions inconsistent with the customer’s business or strategy.
Refusal to provide legitimate sources of funds.
False or misleading information.
High-volume or out-of-pattern cash transactions.
Customers with questionable backgrounds or associated with negative public reports.
Record-Keeping
All customer identification and transaction records are retained for five years following the completion of a transaction or the termination of a business relationship. These records include:
Copies of identification documents.
Transaction records.
Correspondence with customers.
Documents are stored securely and made available to authorities when required.
Employee Training
Employees are thoroughly vetted during recruitment and receive regular KYC training. Training is tailored to the needs of various roles, including:
New employees.
Front-line employees interacting with customers.
Compliance officers.
Employees are educated on identifying suspicious patterns and adhering to company policies.
Audits and Reviews
Regular audits are conducted by reputable firms to ensure compliance with policies and regulatory requirements. Policies are reviewed periodically to align with evolving regulations and market conditions.
Additional Information Notice
We are required by law to maintain updated customer information and may request additional documentation as needed. Clients are obligated to inform Alpha Market Global of any changes in their ownership structure or other relevant details.
If you have any questions, please get in touch with us using the information provided on our website.
