TCM takes a strong position against money laundering. As a broker of international renown, we are in strict compliance with policies against money laundering (AML). These policies were enacted to prevent and report any money laundering and suspicious activity. Please familiarize yourself with our policy Prevention of Money Laundering and let us know if you have questions.
What is money laundering?
Money laundering is the process of disguising illicit funds by transferring to a legitimate place or financial system, without mentioning any attention from the authorities.
Once a person (s) criminal or terrorist transferred their funds to the legitimate financial systems, may transfer between banks or financial products for use in illegal activities, the purchase of goods and services, or even financing terrorism.
According to the laws and regulations, TCM report any attempt by a person or company to conceal the origin and ownership of assets derived from illegal activities, including fraud, theft, illegal gambling, drug trafficking and other activities .
Why do we need proof of identity from your trading account?
TCM requires all our customers provide supporting documentation for proof of identity and the legal origin of their funds. As part of this policy, you will be asked to provide legal documentation to verify your name, personal information and location.
It required for proof of identity?
- A copy of your passport.
- A copy of a utility bill that includes your full name and address.
- In accordance with the TCM client, who will be required to clearly indicate the beneficiary name – the account beneficiary must match the name on your customer agreement form, and proof of identity documents. All funds wishing to withdraw must be the same beneficiary.