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Anti-Money Laundering Policy

Unlawful monetization and money laundering is legalization of criminal money funds through international financial institutions, which include broker companies and currency exchange markets.


Using non-bank financial institutions allows to hide illegal sources of funds and involve them into money turnover under the guise of legal capital.


To prevent cooperation with persons interested in dealing with illegal property, Larson&Holz IT Ltd, due to the legislation, does not take part in intentionally illegal money and credit operations deliberately.

Countermeasures

Verification


Our anti-money laundering policy includes obligatory identification for our clients by providing identity verification documents, which are passport or other national identifying documents that contain person’s full name, date and place of birth, number and validity period. Passport or its high quality copy submission is obligatory for both entering into contract relationships with broker and for funds withdrawal. Until the required documents are submitted the trade account cannot be activated and funds depositing is not available.


Relevant documents for client’s identity verification also include:


  • To verify client’s address the Company demands one of the following documents: high-resolution copy of a utility bill (fixed-line phone, water, electricity), issued within the last 3 months;

  • For funds deposit or funds withdrawal via credit/debit card a client needs to submit scanned copy or photo of his or her credit/debit card (both front and back sides).

  • The card front side should show its holder’s full name, expiry period and first six and the last 4 digits of the card number (the rest of the digits may be covered). The copy or scanned image of the back side of credit/debit card should show visible signature of the card holder while CVC2/CVV2 code should be covered.

  • The Company may demand information on the client’s funds source (which can be processed via e-mail or by phone);


    In case the client refuses to submit the information described above or deliberately submits misleading information, the Company retains the right to refuse to provide services to this client and close the client’s existing account.

    Additional information

    Funds deposit and withdrawal


    The deposit and withdrawal procedures are processed due to established standards and require availability of the account owner’s passport or its digital copy and full compliance of passport data to the information in the Company’s data base. In case of personal data changes client should inform the broker on his or her new passport data for adding them to the data base. In case of data inconsistences the broker may refuse to process funds deposit or funds withdrawal until updated information is provided in established manner.


    Trading accounts can be used solely for operations with financial instruments. The Company accounts cannot be used as transitive. In case the Company suspects illegitimate exploitation of its services it has the right to demand additional information from the client. The Company may refuse to provide its services to this client and compulsorily close his or her account. In this case funds withdrawal can be processed only to a bank account with the client’s personal details.. Electronic funds transfer can be limited or cancelled.


    You are welcome to contact the Company offices and Larson&Holz support team if any questions emerge.

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