Anti Money Laundering Policy
Both the Company and Client are subject to Anti Money
Laundering laws and regulation, applicable worldwide and locally.
The Client must be aware and declare
that:
The use of the Company’s website and services shall be made only with accordance to the applicable law
and not for any criminal activity. All money transaction from or to the Client shall be consistent with AML laws and
regulations, and the funds that the Client transfers to the Company do not derive from any criminal or other illegal
activity. The Client obligates to provide true and updated information about himself, to enable the Company to
identify the identity of the Client when receiving and transferring funds from and to the Client. Repayment of any
funds by the Company to the Client will be in the same currency and to the same account/credit card from which the
funds were originally transferred, unless the Company has decided, by its own discretion, to return the funds to a
different account of the Client.
ANTI-MONEY LAUNDERING
www.sbnpartners.com does not
tolerate money laundering and supports the fight against money launderers.
The Company has policies in place
to deter people from laundering money. These policies include:
ensuring clients have valid proof of
identification maintaining records of identification information determining that clients are not known or suspected
terrorists by checking their names against lists of known or suspected terrorists informing clients that the
information they provide may be used to verify their identity closely following clients’ money transactions Not
accepting cash, money orders, third party transactions, exchange houses transfers or Western Union
transfers.
Money laundering occurs when funds from an illegal/criminal activity are moved through the
financial system in such a way as to make it appear that the funds have come from legitimate sources.
Money
Laundering usually follows three stages:
firstly, cash or cash equivalents are placed into the financial
system secondly, money is transferred or moved to other accounts (e.g. futures accounts) through a series of
financial transactions designed to obscure the origin of the money (e.g. executing trades with little or no
financial risk or transferring account balances to other accounts) And finally, the funds are re-introduced into the
economy so that the funds appear to have come from legitimate sources (e.g. closing a futures account and
transferring the funds to a bank account).
Trading accounts are one vehicle that can be used to launder
illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute
financial transactions that help obscure the origins of the funds.
www.sbnpartners.com directs funds
withdrawals back to the original source of remittance, as a preventative measure.
International Anti-Money
Laundering requires financial services institutions to be aware of potential money laundering abuses that could
occur in a customer account and implement a compliance program to deter, detect and report potential suspicious
activity.
THE FOLLOWING DOCUMENTS ARE REQUIRED IN ORDER TO VERIFY YOUR ACCOUNT.
A. GOVERNMENT
ISSUED IDENTIFICATION
Color copy of a valid Government issued Photo ID Examples of accepted Photo
ID: Driver’s License/ National Identity Card/ Passport. Expiration date must be valid. The entire document must be
present in the copy uploaded including full name, ID number, photo and expiration date.
B. PROOF OF
ADDRESS
Color Copy of a valid Utility Bill as proof of your current address. This can be a payment
request/receipt, sent to your legal address, such as Water/ Electric/ Gas/ Internet/ Land Line Phone bill, or a
recently issued bank statement. In order for it to be approved, the utility bill/bank statement must be issued
within the last 6 months of submission. The entire document must be present in the copy uploaded including your full
name, address, issuance date and utility company logo.
C. CREDIT CARD
If a Credit Card
was used to fund the account, we require front and back color copies of the Card.
Please follow the
guidelines below for any uploaded file:
The entire card must be visible showing all four corners. CC Front
has to show the first 6 and last 4 digits of the card, Card Holder name and expiry date (Please cover the middle 6
digits). CC Back has to show the signature (please make sure that the middle 6 digits of the card are concealed,
since at times it can be read from the back of the card and that the signature is showing). Copies which are
unclear, cut, or with missing required details (BACK copy without a signature, FRONT without mandatory details) will
not be approved. Please note, that in case there were multiple cards used to fund your www.sbnpartners.com account, we will require copies per each card.
Depending on the deposit method, the company reserves the
right to request additional documentations to ensure the proper client verification.
We accept the following
formats: jpg, jpeg, png, gif, pdf, and doc. You can submit the documents via our website (requires you to log in),
or by email to our compliance department at financialteam24@gmail.com We do not accept compressed formats or links.
Please ensure the documents are clear and legible.
Upon submission, you will receive an email stating whether
the account has been verified or not. Please note, additional documents may apply to conduct further billing
procedures, please contact Customer Support for details.
Good Day!
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