• AML Policy

    Legal

Introduction

1.1. Company Marshall Islands, provides online trading services via its brand “Markets Xchange” and its European billing agent and marketsxchange.com website and domain registrar.

1.2. This Agreement covers all relationships between the Company and its clients who have registered on richmondinvesting.com. The Company provides its services only to persons who are of legal age.

1.3. The Company has the right to change or amend the Agreement at its sole discretion from time to time. All changes will be effective immediately, once updated and published on the website. If the Client continues to use the services of the Company after this term, then by default this means the Client has given consent to the changes that have been made. For the avoidance of doubt, it is advised that the Client regularly checks this Agreement for any changes and monitors news on richmondinvesting.com.

AML Implemented Procedures

Richmondinvesting.com implements a strict anti-money laundering policy which enables us to identify suspected clients and ensure we maintain high standards in order to minimize procedural complications for those clients who are legitimate. We have developed an advanced electronic system to help us in fulfilling our commitment to assist governments in combating illegal financial transactions, which verifies client identification completely and maintains detailed records of all previous financial transactions.

Furthermore, we ensure that we track all suspicious activities and report them to law enforcement bodies at once and in full detail. For this reason, full legal protection is given to clients who share confidential data with richmondinvesting.com. As a key measure in discouraging money laundering and other related illegal activities, richmondinvesting.com does not deal in physical cash transactions, whether they be for deposits or withdrawals of funds. richmondinvesting.com reserves the right to suspend any and all transactions which are found to be suspicious of illegal money conversions. If a client’s account is found to be suspicious and undergoes a check, richmondinvesting.com is not allowed to make the client aware of it.

Compliance Regime

As with all credible financial institutions, richmondinvesting.com has set up a comprehensive compliance system to assist in fulfilling legal requirements.

This system encompasses the appointment of a compliance officer, the creation of policies and frequent review of their implementation and effects, and professional compliance training to staff members. In addition, richmondinvesting.com regularly updates its electronic systems to satisfy the most modern regulations as developed for the most advanced and sophisticated checks to trace money laundering/financial crime. Another key part of richmondinvesting.com policy is the professional training of staff members in using our modern technological systems to trace illegal activities.

Additional Disclosure Identification

To ensure that the company complies fully with anti-money laundering legislation, richmondinvesting.com requires two types of identification documents to verify a client’s account. The first document is a government issued document which includes a photo of the customer; this can be a passport, ID card or driving license. The second document is a bill or any other such document which bears the complete name and address of the client; this can be a utility bill, bank statement, affidavit or any other document which states the client’s full name and address. The latter type of document must be no older than 3 months.

richmondinvesting.com requires the application form submission to be physically signed by the client. Moreover, if there are any changes in a client’s personal details, the client must inform the company immediately so we can update our records.

In the case that the aforementioned documents are in a non-western language, they must first be translated to English by an official translator, with the translated copies duly signed and stamped by that translator and sent along with the remaining identification documents.

Deposits and Withdrawals

With money deposits, the name of the sender of funds must match the name of the client we have in our records for that account. Third parties are not allowed to deposit on behalf of clients.

Likewise, with money withdrawals, the name of the recipient must match the name of the account holder from whose account the funds are being withdrawn. With online money transfers, the funds can be withdrawn via the same online transfer payment they were deposited/transferred from.

About Us

Richmond Investing was founded by a group of like minded individuals who have gone through a lot and share a passion for the financial markets.

Contact Details

www.richmondinvesting.com
[email protected]
+44 2039661641


Disclaimer:

Richmond Investing provides online trading services via its brand and website richmondinvesting.com.The Company provides its services through a trading platform/electronic system for online trading on the investment market. Trading in the investment markets online is speculative and carries a high level of risk, thus may not be suitable for all investors. If you are thinking of trading online in the investment markets, you should be aware of all the risks associated beforehand and take your investment objectives and level of experience into consideration. You should not speculate with capital that you can’t afford to lose, as there is a possibility you may lose some or all of your invested capital. Please note that richmondinvesting.com and its partners and associates, do not accept clients or client funds from the US and North Korea.Read our full risk warning here >>.