1. Purpose and Scope
Kintex Global ("the Company") is committed to the highest standards of Anti-Money Laundering ("AML") and Counter-Terrorist Financing ("CTF") compliance. This policy applies to all employees, officers, directors, and agents of the Company, as well as all clients and transactions processed through our platform. The Company complies with applicable AML/CTF legislation in Saint Lucia and follows the guidance issued by relevant international bodies including the Financial Action Task Force ("FATF").
2. Know Your Customer (KYC)
The Company applies a risk-based Know Your Customer programme to all clients. Prior to account activation, all clients must provide:
- Proof of Identity: a valid government-issued photo identification document (passport, national identity card, or driver's licence).
- Proof of Address: a recent utility bill, bank statement, or official correspondence dated within the last three months.
- Source of Funds: documentation evidencing the origin of funds to be deposited, which may include bank statements, payslips, or evidence of business income.
Additional documentation may be requested for higher-risk clients or transactions. The Company reserves the right to refuse or terminate any client relationship where satisfactory documentation cannot be provided.
3. Ongoing Monitoring
Client accounts and transactions are subject to continuous monitoring for unusual or suspicious activity. Automated screening tools and manual review processes are employed to identify patterns inconsistent with a client's stated profile, including but not limited to: large or unusual deposit or withdrawal patterns; transactions with no apparent economic purpose; rapid movement of funds between accounts; and use of multiple payment methods or third-party accounts.
4. Politically Exposed Persons (PEPs)
Clients identified as Politically Exposed Persons, or as immediate family members or close associates of PEPs, are subject to enhanced due diligence ("EDD") measures. This includes senior approval for account opening, enhanced source-of-funds verification, and more frequent ongoing monitoring. PEP status does not automatically preclude account opening but requires additional scrutiny.
5. Sanctions Screening
The Company screens all clients and transactions against international sanctions lists including those maintained by the United Nations, the European Union, the UK Office of Financial Sanctions Implementation ("OFSI"), and the US Office of Foreign Assets Control ("OFAC"). The Company will not establish or maintain relationships with sanctioned individuals, entities, or jurisdictions. Any match will result in immediate account suspension and notification to relevant authorities.
6. Suspicious Activity Reporting
The Company has designated a Money Laundering Reporting Officer ("MLRO") responsible for receiving internal reports of suspicious activity, conducting investigations, and filing Suspicious Activity Reports ("SARs") with the appropriate financial intelligence unit where required. Staff are trained to recognise and report suspicious activity in accordance with applicable tipping-off restrictions.
7. Third-Party Deposits and Withdrawals
The Company strictly prohibits third-party deposits and withdrawals. All funds deposited must originate from, and all withdrawals must be returned to, a payment method registered in the client's own name. Any funds received from an unidentified or third-party source will be returned and the account may be suspended pending investigation.
8. Record Keeping
The Company retains all client identification documents, transaction records, and AML-related correspondence for a minimum of five (5) years from the date of account closure, or longer where required by law. Records are stored securely and accessible to authorised personnel and regulatory authorities upon request.
9. Employee Training
All employees involved in client onboarding, transaction processing, or compliance functions receive mandatory AML/CTF training upon joining and on a periodic basis thereafter. Training covers applicable legislation, red-flag indicators, reporting obligations, and tipping-off restrictions.
10. Non-Compliance Consequences
Clients who provide false information, fail to comply with verification requests, or are found to be engaged in money laundering or terrorist financing activities will have their accounts immediately suspended and funds frozen pending investigation. The Company will cooperate fully with law enforcement and regulatory authorities in any related investigation and may report such clients to relevant financial intelligence units.
11. Contact
For AML-related enquiries, please contact our Compliance team at compliance@kintexfx.com or write to Kintex Global, The Johnsons Centre, #2 Bella Rosa Road, Suite 202, Gros Islet, Saint Lucia.