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AML / KYC Policy
Anti-Money Laundering & Know Your Customer Procedures
Last Updated: November 2025
Regulatory Compliance
Full compliance with international AML standards
Identity Verification
Thorough customer identification process
Transaction Monitoring
Continuous monitoring for suspicious activity
Record Keeping
Comprehensive documentation and records
1. Introduction & Commitment
Torque FX Capital is fully committed to preventing money laundering, terrorist financing, and other financial crimes. We maintain robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures in accordance with international standards and regulatory requirements.
Our compliance program is designed to:
- Identify and verify the identity of all customers
- Detect and report suspicious transactions
- Prevent the use of our platform for illegal activities
- Comply with all applicable laws and regulations
- Protect our customers and the integrity of the financial system
2. KYC Documentation Requirements
All customers must provide the following documents for identity verification:
Proof of Identity
- Valid passport
- National ID card
- Driver's license
Document must be valid and show full name, photo, date of birth, and expiry date.
Proof of Address
- Utility bill (electricity, water, gas)
- Bank statement
- Government correspondence
Document must be dated within the last 3 months and show your full name and address.
Additional documents may be requested based on your account type, deposit amounts, or regulatory requirements.
3. Verification Levels
Our tiered verification system ensures appropriate due diligence based on account activity:
| Level | Requirements | Limits | Processing |
|---|---|---|---|
| Basic | Email & Phone verification | Limited deposit/withdrawal | Instant |
| Standard | ID + Proof of Address | Standard limits | 24-48 hours |
| Enhanced | ID + Address + Source of Funds | Higher/Custom limits | 48-72 hours |
4. Anti-Money Laundering Procedures
Our AML program includes the following key components:
Customer Due Diligence
Verification of customer identity before account activation
Enhanced Due Diligence
Additional scrutiny for high-risk customers or transactions
Risk Assessment
Ongoing evaluation of customer risk profiles
Staff Training
Regular training on AML/KYC procedures and red flags
5. Transaction Monitoring
We employ sophisticated monitoring systems to detect potentially suspicious activities:
- Automated transaction monitoring for unusual patterns
- Real-time alerts for transactions exceeding thresholds
- Analysis of deposit and withdrawal patterns
- Review of trading activity for manipulation indicators
- Cross-referencing with sanctions and PEP lists
- Periodic review of customer activity and profiles
6. Suspicious Activity Reporting
We are obligated to report suspicious activities to relevant authorities. Red flags include:
- Unusual transaction patterns inconsistent with customer profile
- Reluctance to provide required documentation
- Frequent deposits followed by immediate withdrawals
- Transactions involving high-risk jurisdictions
- Use of multiple accounts or identities
- Third-party payments without clear justification
We reserve the right to freeze accounts and report activities to authorities without prior notice to the customer.
7. Sanctions & PEP Screening
All customers are screened against international sanctions lists and Politically Exposed Persons (PEP) databases:
- OFAC (Office of Foreign Assets Control) sanctions list
- UN Security Council sanctions list
- EU consolidated sanctions list
- Local and regional sanctions lists
- Global PEP databases
Screening is performed at account opening and periodically thereafter. Matches trigger enhanced due diligence procedures.
8. Record Keeping
We maintain comprehensive records as required by law:
- Customer identification documents and verification records
- Transaction records and account statements
- Correspondence and communications
- Risk assessments and due diligence documentation
- Suspicious activity reports and internal investigations
Records are retained for a minimum of 5 years after account closure or the last transaction, whichever is later.
Compliance Questions?
For questions about our AML/KYC procedures, please contact our compliance team.
Contact Compliance