Anti Money-Laundering (AML) and
Know Your Customer (KYC) Policy

At Pocket Option India, we prioritize maintaining a secure and compliant trading environment by stringently prohibiting money laundering and related activities. Our firm, along with its associates, adheres strictly to established standards to prevent the misuse of our services for illicit purposes. 

Money laundering typically involves actions aimed at obscuring the illegal origins of funds so they seem legitimate. This process generally unfolds in three phases: 

1. Placement: Illegally obtained cash is introduced into the financial system, often through money orders or account deposits.
2. Layering: These funds are moved into multiple accounts or financial entities to disconnect the money from its criminal source.
3. Integration: Here, the funds emerge into the economy, appearing clean or are used to finance further illegal activity. On the other hand, terrorist financing seeks to conceal the origins or intended use of funds even if they don’t stem directly from criminal activities.

Our employees, especially those handling client interactions and product delivery, are expected to be well-versed with pertinent laws and regulations, such as the “Customer Due Diligence for Banks” and the FATF’s “Forty + Nine Recommendations for Money Laundering,” among others. They must ensure full compliance in their day-to-day operations. 

To sustain this compliance, our management has instituted a comprehensive program to oversee adherence to relevant laws. This initiative coordinates regulatory requirements across the company to minimize risks associated with money laundering and terrorist financing. All our associated entities must meet Anti-Money Laundering (AML) and Know Your Customer (KYC) guidelines.

Records pertaining to client identification and service provision will be upheld for the legally required duration, ensuring ongoing compliance. New employees undergo mandatory anti-money laundering training during their onboarding, and pertinent staff members must complete annual AML and KYC training. Those with primary responsibilities in these areas may have to participate in further specialized training.

We reserve the right to request personal verification from clients at any point. This may involve furnishing notarized identification documents, bank statements, or utility bills. Additionally, clients may need to provide photos with their identity documents for further verification, as detailed in our AML Policy.

Updating client information with us is crucial — any changes in personal details (like name or address) should be promptly reported to our support team. For phone number updates, documentation proving ownership of the new number along with identification details is required.

The authenticity of documents submitted by clients is imperative. Pocket Option India may verify document authenticity by reaching out to the issuing authorities to ensure compliance and security standards are maintained. By adopting these measures, we continue to promote a safe and transparent trading environment for both new and seasoned traders in India.