Zitadelle24 has a zero tolerance policy towards money laundering and actively assists in the fight against money laundering.
Zitadelle24 currently maintains a non-money laundering policy. According to the policy, the company strictly adheres to the following rules:
ensure reliable identification of each client
record information about the Client
find among clients people associated with terrorism and illegal financial transactions
make customers understand that information provided to the company may be used to verify their identity
closely monitor client transactions with funds
do not accept cash, money transfers, third party transactions, exchange office transfers or Western Union transfers.
There are cases of money laundering, where funds from illegal or criminal activities pass through the financial system as if they came from legitimate sources.
There are usually three stages of money laundering:
First, there is cash or cash equivalents in the financial system.
Secondly, there are other accounts for transferring money (for example, futures accounts). They are possible through a series of financial transactions designed to smooth the origin of money (for example, entering into transactions with little or no financial risk or transferring account balances to other accounts)
Ultimately, funds received from legitimate sources are put back into circulation (for example, closing a futures account and transferring funds to a bank account).
Trading accounts with a brokerage company are a great way to launder illegal amounts or hide information about the true owner of funds. In particular, a trading account can be used to make financial transactions that make it possible to hide the source of income.
To prevent laundering, Zitadelle24 sends money back to the original source of the remittance.
There are requirements from anti-money laundering organizations internationally: financial services companies must be aware of possible money laundering abuses that may occur in a client’s trading account;
they insist on implementing a proactive program to detect, deter and report potential suspicious activity.
Zitadelle24 fully adheres to the recommendations of international organizations on combating illicit financial flows to protect the company and its customers.
If you have any questions or comments about the company’s anti-money laundering policies, please contact us by email atÂ
[email protected]Â .
