ANTI-MONEY LAUNDERING

IFX4U is required to comply with the Anti-Money Laundering and Countering Financing of Terrorism Legislation (AML/CTF Laws). To help the government fight the funding of terrorism and money laundering activities, law requires all financial institutions to obtain, verify, and record information that identifies each person opening an account. IFX4U has developed internal Anti-Money laundering and Counter-Terrorism Policy based on the risk assessment, so the objectives of the AML/CFT Laws can be achieved. 
These are:

• To detect and deter money laundering and financing of terrorism;
• To maintain and enhance IFX4U  international reputation by adopting, where appropriate, recommendations issued by the Financial Action Task Force on Money Laundering
• To contribute to public confidence in the financial system.

By activating an account with IFX4U you are taken to agree to the following terms:

• You warrant that you comply with all applicable anti-money laundering laws and regulations, including but not limited to the AML/CTF laws and associated rules and regulations (in force from time to time);
• You are not aware and have no reason to suspect that:
• The money used to fund your deposit in your account has been, or will be, derived from or related to any money laundering or other activities deemed illegal under applicable laws or regulations or otherwise prohibited under any international convention or agreement (“illegal activities”); or
• The proceeds of your investment in the Fund will be used to finance illegal activities; and you agree to promptly provide us with all information that we reasonably request in order to comply with all applicable laws and regulations relating to anti-money laundering;

According the AML Policy, IFX4U will conduct initial and ongoing due diligence, depending on the level of risk posed by a particular customer.

For Retail Customers

What this means for you:  In compliance with the ANTI-MONEY LAUNDERING REGULATIONS, 2011 STATUTORY RULES AND ORDERS No. 46 of 2011, IFX4U will ask for the minimum identification information from each customer who opens an account. IFX4U will record the customer’s identification information and the verification methods and results. IFX4U will also provide notice to customers that 

KYC Policy

Know your customer policies have become increasingly important worldwide lately, especially among banks and other financial institutions, in order to prevent identity theft, money laundering, financial fraud and terrorist activity.
IFX4U holds a zero tolerance fraud policy, and is taking all measures possible to prevent it. Any fraudulent activity will be documented and all related accounts to it will be immediately closed. All funds in these accounts will be forfeited.

Prevention

IFX4U aims to ensure the integrity of any sensitive data it obtains, such as your account information and the transactions you make, using a variety of security measures and fraud controls. Securing your electronic transactions requires us to be provided with certain data from you, including your preferred deposit method.

When you deposit funds we will require the following documents

• A copy of your valid passport with the signature page 
• Copies of your credit cards, used to make the deposit (Front side with only the 4 last digits visible, back side with the CVV covered).
• A copy of a recent utility bill in your name and address
• A signed purchase history of your online transactions

If you have any questions please don’t hesitate to contact our customer support:

When do I need to provide these documents?

We highly expect from you to provide us with all the necessary documents as soon as you can, in order to avoid any delays in processing your transactions.
Some circumstances may require us to request these documents before allowing any other activities in your account, such as deposits or trades.
Please note that if we will not receive the required documents on file, your pending withdrawals will be cancelled and credited back to your trading account. We will notify you on such event via our system.

How can I send you these documents?

Please scan your documents, or take a high quality digital camera picture, save the images as jpegs, then upload it in the Members Area in the client side when you log into your account or send it to us via mail to [email protected]

How you can make sure your documents are safe with us ?

IFX4U holds the security of documentation at highest priority, and treats all documents it receives with utmost respect and confidentiality. All files we obtain are fully protected using the highest level possible of encryption at every step of the review process.

We thank you for your cooperation in helping us make IFX4U a safer place to trade.