AML and KYC

ANTI-MONEY LAUNDERING

Normally Financial markets do not agree with the politics of money laundering, more over even support every single method to fight against this diseases. Those rules pointed on uncover all the money launders were set by UK’s Joint Money Laundering Steering Group.
GTOMarkets is now also joins this group by providing the policies against the money laundry. Those policies include:

GTOMarkets is now also joins this group by providing the policies against the money laundry. Those policies include:

  •          Getting sure, all of the members are properly verified
  •          Creating records of the user activity
  •          Checking up the members name on the term of checking known or suspected terrorists
  •          Providing members with the information that their personal info is used only for the identify reasons
  •          Support transactions with the proper security level
  •          Not accepting cash, money orders, third party transactions, exchange houses transfers or Western Union transfers

Ordinary, money laundry happens when the funds are being moved through the financial system, so on the other hand they are having nothing of any an illegal/criminal activity.   

Money Laundering usually follows three stages:

  • firstly, cash or cash equivalents are placed into the financial system
  • secondly, money is transferred or moved to other accounts (e.g. futures accounts) through a series of financial transactions designed to obscure the origin of the money (e.g. executing trades with little or no financial risk or transferring account balances to other accounts)
  • And finally, the funds are re-introduced into the economy so that the funds appear to have come from legitimate sources (e.g. closing a futures account and transferring the funds to a bank account).

To sum up trading accounts is the perfect instrument for the launder to avoid being caught or hide a true owner of the funds. On the other hand, the very same trading account can be used to execute financial transactions that help obscure the origins of the funds.

International Anti-Money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect and report potential suspicious activity.

These guidelines have been implemented to protect Financial markets and their clients.

KYC (Know Your Customer) Policy

Over the past few years Customer policies started to play one of the most important roles  in the marketing all over the globe. That is mostly though the critical necessity of avoiding identity theft, money laundering,financial fraud and terrorist activity.
GTOMarkets is now supports policies to prevent any kinds of suspicious activity, and will document all of the cases with immediate suspension of the accounts involved. Funds from suspicious account will be forfeited.
While aiming the target of unsure the integrity of any sensitive data that will be needed for that like your personal account details or financial info transections overview and else, GTO uses a large number of the tools to make maintained improve the security of every single transections of its members.
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

When do I need to provide these documents?

We highly appreciate you taking the time to provide us with all the necessary documents as soon as you can, in order to avoid any delays in processing your transactions. We require the receipt of all the necessary documents prior to making any cash transactions to your benefit.
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 send it to us via mail to How do I know my documents are safe with you?
We thank you for your cooperation in helping us make GTOMarkets a safer place to trade.