AML & KYC Policy
You declare strict abidance to AML (Anti Money Laundering) regulations. You agree that the Company may implement regulations and procedures to adhere to AML regulations at its sole discretion. Credit card deposits should be made only from personal (non-corporate) credit cards registered under your name. Refunds and withdrawals will be executed only to the credit card from which the funds were originally deposited.
The Company at its sole discretion shall have the right to pay amounts above the original deposit to a bank account in your name and held in your country of domicile. Corporate credit cards will not be accepted. Depositing by wire shall be made only from a bank account in your country of domicile and from an account in your name. Refunds and withdrawals in case of a deposit by wire shall be executed to the same account where the deposit has originally been wired from.
According to generally acceptable AML rules and regulations, withdrawals must be performed only through the same bank account or credit/debit card that you used to deposit the funds.
On every deposit of funds we will ask our traders to send us for the following documents in order to validate your account, within ten business days.
- A photocopy of your valid passport, driver’s license, or national identification card
- A utility bill or bank statement from the last two months with your address clearly shown
- A copy of the front and back sides of the card (NOTE:we need to see first 6 and 4 last digits on the front and hide the CVV on the back, the back side must be signed).
* You will need to send us this information for every card you use to make a deposit
Unless we agree otherwise, withdrawals from the Account may only be made in the same currency in which the respective deposit was made.
Furthermore, when it comes to withdrawals, clients may be required to present additional information and documents. In addition, when you deposit or withdraw money for trading purposes using alternative payment methods, you should be aware that additional fees and restrictions may apply.
Without derogating of the foregoing, The Company may execute withdrawals to a different facility than the one used for the deposit, subject to Anti Money-Laundering regulations.
The first step to start trading is to open an account and this process, simple as it is, requires you to enter some personal data such as your first and last name, email, and phone number. Additional details, as well as proof of identity, may be required of you at any time. Pais Capital Group will maintain the privacy of all your personal data we collect, including age, occupation or marital status. You may be required to provide the copies of ID, passport, and photograph, in accordance with any policies, laws or regulations that require such documents to be delivered. Furthermore, in some jurisdiction you may also need to submit financial information, investment experience, and risk tolerance, all as may be required under law.
In order to have unrestricted access to the trading account and be able to trade with ease, these documents and information may be required. There is no obligation on your part to submit them, but if you don’t, you won’t be able to open the account and trade online. Additionally, it is important to keep us informed about your personal data as soon as something important changes, so your profile will always be up to date, and as required under any law.
We collect this information to administer and operate services, prevent fraud, defend our legal rights and for the purpose of compliance with regulations regarding the services we provide Pais Capital Group policies guarantees that your personal information will not be sold, rented or traded, and won’t be disclosed unless the following conditions occur or for the purposes set out above. We share information with the associated firms and other persons processing your personal information or with banks and clearing houses in order to deliver the products and services you need for trading.
When there is any suspicion of fraud or breach regarding the trading performed by the user, this policy allows us to disclose your private data as needed, including credit reference and fraud prevention agencies. The same applies to the national and international enforcement bodies and courts when they require this kind of information, as laws and regulations demand.