Anti-Money Laundering Policy

Our Commitment

NOVATrADE is committed to preventing money laundering, terrorist financing, and other financial crimes. We maintain strict compliance with all applicable anti-money laundering (AML) laws and regulations.

Know Your Customer (KYC)

We implement comprehensive KYC procedures, which include:

• Identity verification using government-issued documents
• Proof of address verification
• Source of funds verification for large deposits
• Enhanced due diligence for high-risk customers
• Ongoing monitoring of customer activities

Customer Identification

Before you can trade or withdraw funds, we require:

• Valid government-issued ID (passport, driver's license, national ID)
• Proof of residence (utility bill, bank statement dated within 3 months)
• Selfie with ID for verification
• Additional documents may be required based on risk assessment

Transaction Monitoring

We continuously monitor all transactions for suspicious activity. Our systems flag:

• Unusual transaction patterns
• Large deposits or withdrawals
• Frequent changes in payment methods
• Transactions with high-risk jurisdictions
• Structuring attempts to avoid reporting thresholds

Reporting Obligations

We are required to report suspicious activities to relevant authorities. This includes:

• Filing Suspicious Activity Reports (SARs)
• Currency Transaction Reports for large transactions
• Compliance with law enforcement requests

Prohibited Activities

The following activities are strictly prohibited:

• Using false or stolen identities
• Structuring transactions to avoid reporting
• Transferring funds from illegal sources
• Using third-party accounts without authorization
• Any activity intended to disguise the origin of funds

Account Restrictions

We reserve the right to suspend or terminate accounts if we suspect any violation of this policy. Funds may be frozen pending investigation and may be reported to authorities.

Sanctions Compliance

We screen all customers against international sanctions lists including OFAC, UN, EU, and other relevant sanctions programs. We do not provide services to sanctioned individuals, entities, or countries.

Contact Our Compliance Team

For questions about our AML policy or to report suspicious activity, contact us at compliance@novatrade.com