Anti-Money Laundering (AML) Policy

Anti-Money Laundering (AML) Policy

Last Updated:20 March 2025

At KarobarFX, we are fully committed to preventing any form of money laundering activity and supporting global efforts to detect, deter, and report suspicious financial activity. Our Anti-Money Laundering (AML) policy is designed to comply with applicable laws and regulations, including international standards established by the Financial Action Task Force (FATF).

1. Purpose

The purpose of this AML policy is to:

• Prevent KarobarFX from being used to facilitate money laundering or the financing of terrorist activities.

• Ensure the safety and integrity of the financial system.

• Protect our clients and business from exposure to financial crime.

2. Know Your Customer (KYC) Procedures

KarobarFX implements strict KYC protocols to verify the identity of all clients before they can open and operate an account. This includes:

• Full name, date of birth, nationality, and address verification

• Submission of a valid government-issued identification document (passport, national ID, or driver’s license)

• Proof of address (utility bill or bank statement not older than 3 months)

• Additional documents may be requested based on jurisdiction or risk level

We reserve the right to refuse to open an account or terminate an existing relationship if satisfactory identification cannot be obtained.

3. Monitoring & Reporting

We actively monitor account activity and transactions to detect patterns or behaviors that may indicate money laundering or fraud. This includes:

• Irregular deposit or withdrawal patterns

• Use of third-party accounts

• Multiple accounts controlled by the same individual

• Transactions inconsistent with client profile

Suspicious activities are documented and, if deemed appropriate, reported to relevant authorities in compliance with local and international laws.

4. Risk-Based Approach

We assess the AML risk associated with each client based on:

• Geographic location

• Type of services used

• Trading behavior

• Source of funds

Clients identified as higher risk may be subject to enhanced due diligence procedures, including additional verification and closer monitoring.

5. Employee Training

All KarobarFX employees undergo mandatory AML training at the time of hiring and periodically thereafter. This ensures awareness of the latest AML regulations, red flags, and reporting procedures.

6. Record Keeping

We retain all client information, transactional records, and due diligence documentation for a minimum of five (5) years after the termination of the business relationship, or longer where required by law.

7. Cooperation with Authorities

KarobarFX cooperates fully with financial and legal authorities worldwide and will respond promptly to lawful requests for information or assistance related to AML investigations.

8. Prohibited Activities

We strictly prohibit:

• Anonymous or fictitious accounts

• Shell banks or institutions with no physical presence

• Transactions with entities or individuals on international sanctions lists

Contact Us

If you have any questions regarding our AML Policy, please contact our Compliance Department at:

📧 compliance@karobarfx.com