Anti Money-Laundering (AML) and Know Your Customer (KYC) Policy

1. The policy of pocketoptiono.site and its affiliates, referred to as «The Company», is to strictly prohibit and actively prevent money laundering as well as any actions that aid in money laundering or support terrorist or criminal activities. The Company mandates that its officers, employees, and affiliates follow these standards to ensure that its products and services are not used for money laundering.

2. The Policy generally defines money laundering as activities aimed at hiding or masking the real sources of money obtained through illegal means, making it seem as though these illicit funds come from legitimate sources or represent lawful assets.

3. Money laundering typically unfolds in three distinct phases. Initially, during the «placement» phase, cash that originates from illegal activities is converted into monetary instruments like money orders or traveler's checks, or it is deposited into bank accounts. Then, at the «layering» stage, the funds are moved to different accounts or various financial institutions to create a further distance from their criminal source. Finally, in the «integration» phase, the money is reintroduced into the economic system, where it can be used to buy legitimate assets or finance either illegal activities or lawful businesses. It's important to note that terrorist financing may not necessarily involve proceeds from criminal actions; it often aims to obscure the source or intended use of funds that will eventually support criminal endeavors.

4. Every employee of The Company whose job involves providing products and services and who interacts with the clientele is expected to understand the applicable laws and regulations related to their responsibilities. It is the duty of these employees to fulfill their responsibilities consistently in accordance with the relevant laws and regulations.

5. The laws and regulations encompass, but are not restricted to: "Customer Due Diligence for Banks" (2001) and "General Guide to Account Opening and Customer Identification" (2003) issued by the Basel Committee on Banking Supervision, the forty-nine Recommendations on Money Laundering set by FATF, the USA Patriot Act (2001), and the Prevention and Suppression of Money Laundering Activities Law of (1996).

6. To guarantee the implementation of this general policy, The Company's management has developed and continues to uphold a continuous program aimed at ensuring adherence to applicable laws and regulations while preventing money laundering. This program aims to harmonize the specific regulatory obligations across the group within a unified framework to effectively manage the group's risk related to money laundering and terrorist financing in all business units, functions, and legal entities.

7. Every affiliate of The Company must adhere to AML and KYC policies.

8. All identification documents and service records must be retained for at least the minimum duration mandated by local law.

9. Every new employee will undergo anti-money laundering training as a component of the mandatory orientation program. Furthermore, all relevant employees must complete AML and KYC training every year. Those employees who handle AML and KYC tasks on a daily basis are required to participate in additional focused training programs.

10. The Company reserves the right to ask the Client to verify the registration information that was provided when the trading account was opened, at its discretion and at any time. To confirm this information, the Company may require the Client to submit notarized copies of documents such as a passport, driver's license, or national identity card; as well as bank statements or utility bills to validate the residential address. In certain situations, the Company might also request a photograph of the Client holding the identity document next to his/her face. For more detailed requirements regarding client identification, please refer to the AML Policy section on the Company's official website.

11. The verification process for the Client's identification data is not required if the Client has not been asked for it by the Company. The Client can choose to send a copy of their passport or another identity document to the Company's client support team to facilitate the verification of their personal information. The Client should remember that when depositing or withdrawing funds through bank transfer, they must provide documents that fully verify their name and address due to the nature of how bank transactions are carried out and processed.

12. In the event that any Client’s registration information (such as full name, address, or phone number) changes, the Client must promptly inform the Company’s client support department about these changes, requesting an update to this information or making the necessary updates independently in the Client’s Profile.

12.1. In order to update the phone number registered in the Client’s Profile, the Client is required to submit a document that verifies ownership of the new phone number, such as an agreement with a mobile phone service provider, along with a photo of their ID taken close to their face. The personal information of the Client must match in both documents.

13. The Client is accountable for the genuineness of the documents (and their copies) and acknowledges the Company's right to reach out to the relevant authorities in the country that issued the documents to confirm their authenticity.