AML Policy

Combating money laundering and terrorist financing is paramount at BartexDev Global. Our Anti-Money Laundering (AML) Policy is meticulously crafted to uphold integrity and comply with all relevant laws, regulations, and industry standards.

Scope

This policy extends to all clients, staff, and associates of BartexDev Global. It outlines our procedures and safeguards to detect and prevent suspicious activities indicative of money laundering or terrorist financing in financial transactions.

Given the inherent risks in financial markets, there’s potential for criminal proceeds to infiltrate legitimate channels. BartexDev Global abides by stringent regulations and compliances aimed at thwarting such activities, including:

  • Financial Intelligence Unit Act
  • Exchange of Information Act
  • Mutual Assistance in Criminal Matters Act
  • Proceeds of Crime Act
  • Anti-Money Laundering and Terrorist Financing Regulations
  • Anti-Terrorist Financing and Proliferation Act
  • Anti-Money Laundering and Terrorist Financing Code

  • Recommendations for Money Laundering of FATF

Definitions

  • Account: A registered account on the Forzitek Platform (http://forzitek.tech/).
  • Client: A user with a registered account on the Forzitek Platform.
  • Company: BartexDev Global, registered at Suite #2, Hunkins Plaza, Main Street, Charlestown, Nevis, with registration number L 23172.
  • Funds: Money and equivalents applicable to authorised activities on the Forzitek Platform.
  • Platform: Online trading platform accessible via the website.

  • Website: BartexDev Global website (http://forzitek.tech/).

Customer Due Diligence (CDD)

We perform thorough Customer Due Diligence (CDD) on all clients before granting platform access. This includes identity verification, risk assessment, and gathering information about the transaction’s nature and purpose. A risk-based approach determines the level of CDD required, considering factors like country of origin and transaction volume.

Transaction Monitoring

All transactions on our platform undergo monitoring to identify unusual or suspicious activities. Our monitoring system detects patterns indicative of money laundering or terrorist financing, such as high-value transactions or involvement in high-risk jurisdictions.

Reporting

Suspected suspicious activities or transactions are promptly reported to relevant authorities as law mandates. Comprehensive records of reports, disclosures, and interactions with law enforcement agencies are maintained.

Training and Awareness

Regular staff training ensures awareness of AML policy obligations and effective identification and reporting of suspicious activities. We also educate clients and partners about AML issues through our Website and communication channels.

Internal Controls and Oversight

Internal controls and oversight mechanisms are in place to ensure policy efficacy. This includes periodic reviews, assessments, and the designation of an AML officer responsible for compliance oversight.

BartexDev Global maintains integrity and professionalism throughout all operations, preventing money laundering and terrorism financing. We continuously enhance our AML policy to align with evolving laws and regulations.