AML / KYC Policy
Effective Date: 12 July 2024
Last Updated: 6 September 2025
1. Introduction
Everate Markets (“the Company,” “we,” “our”) is committed to the highest standards of anti-money laundering (AML), counter-terrorist financing (CTF), and Know Your Customer (KYC) compliance.
This policy outlines the measures and procedures we implement to prevent our platform and services from being used for illegal financial activities such as money laundering, terrorist financing, or fraud.
Our AML/KYC framework adheres to international standards and regulatory requirements established by the Financial Action Task Force (FATF) and other relevant authorities.
2. Purpose of the Policy
The purpose of this policy is to:
Prevent Everate Markets from being used to facilitate money laundering or terrorist financing.
Ensure proper identification and verification of all clients and partners.
Establish a transparent and compliant trading environment.
Monitor and report any suspicious or unusual activity in accordance with applicable laws.
3. Scope
This policy applies to all:
Clients opening accounts with Everate Markets.
Introducing Brokers (IBs), White Label partners, and affiliates.
Employees and representatives of Everate Markets.
Transactions carried out through our platforms or associated systems.
4. Customer Identification (KYC)
Before a client can begin trading or transacting with Everate Markets, the following Know Your Customer (KYC) procedures must be completed:
4.1 Individual Clients
Clients are required to submit:
A valid government-issued photo ID (passport, national ID card, or driver’s license).
A proof of address document not older than 3 months (utility bill, bank statement, or government letter).
4.2 Corporate Clients
Corporate entities must provide:
Certificate of Incorporation or Business Registration.
Memorandum and Articles of Association.
List of Directors and Shareholders.
Proof of registered business address.
Identification and proof of address for all Ultimate Beneficial Owners (UBOs).
All documents must be in English or accompanied by a certified translation.
5. Risk-Based Approach
Everate Markets adopts a risk-based approach (RBA) to assess the level of risk associated with each client or transaction.
Factors considered include:
Client’s country of residence or incorporation.
Nature and source of funds.
Type of trading activity or account usage.
Presence on any sanctions or politically exposed persons (PEP) lists.
Clients identified as high-risk may be subject to enhanced due diligence (EDD), including additional verification steps or transaction monitoring.
6. Ongoing Monitoring
We continuously monitor client transactions to detect suspicious patterns or activities inconsistent with their declared trading profile.
Ongoing monitoring includes:
Regular review of client information and documentation.
Tracking large or unusual transactions.
Identifying inconsistencies between trading volume and funding sources.
If any suspicious activity is detected, it will be investigated and reported to the relevant financial intelligence authority.
7. Record Keeping
Everate Markets maintains comprehensive records of all client information, verification documents, and transaction history for a minimum of five (5) years after the client relationship ends, in accordance with international AML regulations.
These records are securely stored and made available to competent authorities upon lawful request.
8. Reporting Suspicious Activity
Our compliance team is responsible for identifying and reporting any suspicious transactions to the appropriate Financial Intelligence Unit (FIU) or other relevant authorities.
Employees are prohibited from informing the client or any unauthorized person about the investigation or the filing of a Suspicious Activity Report (SAR).
9. Staff Training
All Everate Markets employees and representatives receive regular AML/KYC training to ensure awareness and understanding of:
Applicable laws and regulations.
Red flags and typologies of money laundering and terrorist financing.
Internal reporting procedures and client onboarding protocols.
10. Prohibited Activities
Everate Markets strictly prohibits the following:
Opening anonymous or fictitious accounts.
Accepting third-party deposits or withdrawals.
Engaging with individuals or entities listed on international sanctions lists (e.g., UN, OFAC, EU).
Processing transactions involving countries identified as high-risk by FATF.
11. Politically Exposed Persons (PEPs)
Clients identified as Politically Exposed Persons (PEPs) — including senior government officials, their family members, or close associates — are subject to enhanced due diligence (EDD) measures and approval by senior management prior to account activation.
12. Compliance Responsibility
The Compliance Officer at Everate Markets is responsible for:
Implementing and maintaining the AML/KYC framework.
Conducting internal audits and compliance reviews.
Ensuring timely reporting of suspicious activities.
Serving as the liaison with regulatory and enforcement authorities.
13. Policy Review
This AML/KYC Policy is reviewed annually or whenever there are significant regulatory updates or operational changes to ensure continued compliance with applicable laws.
14. Contact Information
For questions regarding this AML/KYC Policy or compliance procedures, please contact:
Compliance Department
Everate Markets
Email: support@everatemarkets.com