BinaryOline does not tolerate money laundering and supports the fight against money launderers. Here at BinaryOnline, we follow the latest prescribed guidelines on the prevention and countering of money laundering activities together with terrorist financing. BinaryOnline now has policies in place to deter people from laundering money. These policies include:
Money Laundering usually follows three stages:
Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute financial transactions that help obscure the origins of the funds.
BinaryOnline directs funds withdrawals back to the original source of remittance, as a preventative measure. International AntiMoney 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 BinaryOnline and its clients.
For questions/comments regarding these guidelines, please contact us at [email protected]