Anti-Money Laundering Policy

AML Policy

Swiffy Pty Ltd (hereafter referred to as Swiffy) is committed to the highest standards of the Anti-Money Laundering (AML) compliance and Anti-Terrorist Financing and requires the management, and employees to follow the named standards.

Anti-Money Laundering (AML) Policy

Swiffy adheres to the principles of Anti-Money Laundering and actively prevents any actions that aim or facilitate the process of legalizing of illegally gained funds. AML policy means preventing the use of the company’s services by criminals, with the aim of money laundering, terrorist financing or other criminal activity.

For this purpose, a strict policy on the detection, prevention and warning of the corresponding bodies of any suspicious activities was introduced by the company.

To prevent money laundering, Swiffy neither accepts nor pays cash under any circumstances. The company reserves the right to suspend any client’s operation, which can be regarded as illegal or, may be related to money laundering in the opinion of the staff.

Company’s Procedures

Swiffy will make sure that it is dealing with a real person or legal entity. Swiffy also performs all the required measures in accordance with applicable law and regulations, issued by monetary authorities. The AML policy is being fulfilled within Swiffy by means of the following:

  • know your customer policy and due diligence
  • monitoring of client activity
  • record keeping

Know Your Customer and Due Diligence

Due to the Company’s commitment to the AML and KYC policies, each Client of the Company has to finish the verification procedure. Before Company starts any cooperation with the Client, the Company ensures that the satisfactory evidence is produced or such other measures are taken as will produce satisfactory evidence of the identity of any customer or counterparty. The Company as well applies heightened scrutiny to Clients, who are residents of the countries, identified by credible sources as countries, having inadequate AML standards or may represent high risk for crime and corruption and to beneficial owners who reside in and whose funds are sourced from named countries.

This procedure is performed to establish the identity of the Client and to help the Company know/understand Clients and their financial dealings to be able to provide the best services of online trading.