AML & KYC Policy

Purpose of This Policy

The purpose of our AML & KYC procedures is to:

• Verify customer identities and prevent fraudulent accounts.
• Detect and report suspicious activities to relevant authorities.
• Ensure compliance with global AML laws, including FATF (Financial Action Task Force) guidelines.
• Protect ISTFX and its users from financial crime.

Customer Identification Program (CIP) – KYC Requirements

To comply with AML laws, all clients must undergo identity verification before using our services. You must provide:

A. Individual Clients

• Proof of Identity: A valid government-issued ID (Passport, National ID, or Driver’s License).
• Proof of Address: A recent utility bill, bank statement, or official document (not older than 3 months).
• Selfie Verification: A live photo holding the provided ID.

B. Corporate & Institutional Clients

• Company Registration Documents (Certificate of Incorporation, Articles of Association).
• Proof of Business Address (Utility bill or bank statement).
• List of Directors & Shareholders (Ownership details).
• Authorized Representative’s ID & Proof of Address.

Failure to provide the required KYC documents will result in restricted account functionality.

Risk-Based Approach (RBA)

ISTFX categorizes clients based on risk levels:

• Low Risk: Verified individuals from low-risk jurisdictions.
• Medium Risk: Individuals with limited transaction history.
• High Risk: Clients from high-risk jurisdictions or involved in large/unusual transactions.

Additional verification may be required for high-risk customers.

Anti-Money Laundering (AML) Measures

A. Monitoring Transactions

• All deposits, withdrawals, and trades are monitored for suspicious activity.
• Large, frequent, or unusual transactions may trigger a compliance review.

B. Reporting Suspicious Activities

• Any suspicious activity is reported to financial authorities.
• ISTFX reserves the right to freeze or close accounts linked to fraudulent activity.

C. Restricted Countries

Clients from sanctioned or high-risk jurisdictions may be restricted from using our services.

Prohibited Activities

The following are strictly prohibited on ISTFX:

• Using third-party accounts for deposits or withdrawals.
• Attempting to bypass KYC/AML checks.
• Engaging in fraudulent trading or wash trading.
• Funding accounts with illegal proceeds.

Violations of these policies will result in account suspension or legal action.

Updates to This Policy

ISTFX reserves the right to update this AML & KYC policy as needed to comply with global regulations. Clients will be notified of significant changes.