Section 1
Purpose
This policy is designed to prevent MyFundedStep from being used for money laundering or terrorist financing activities.
Section 2
Customer Due Diligence (CDD)
We implement the following measures:
- Identity verification through government-issued ID
- Address verification
- Source of funds verification where required
- Enhanced due diligence for high-risk customers
Section 3
Transaction Monitoring
We monitor transactions for:
- Unusual patterns
- Large or frequent transactions
- Transactions inconsistent with customer profile
- Geographic risk factors
Section 4
Suspicious Activity Reporting
All suspicious activities are:
- Reported to the designated compliance officer
- Documented and retained
- Reported to relevant authorities as required by law
Section 5
Record Keeping
We maintain records of:
- Customer identification documents
- Transaction records
- Suspicious activity reports
- Training records
Section 6
Prohibited Activities
We do not accept:
- Anonymous accounts
- Cash deposits
- Third-party payments without verification