KYC & AML Policy

Effective Date: 22nd May 2024

NavionFX is committed to the highest standards of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance.

1. Purpose

Prevent identity theft, financial fraud, and money laundering.- Ensure regulatory compliance.

2. Customer Identification

Collect valid government-issued ID, proof of address, and source of funds.

3. Verification

Conduct document checks, facial verification, and PEP/sanction list screening.

4. Risk-Based Approach

Clients categorized into risk levels; enhanced due diligence (EDD) for high-risk accounts.

5. Monitoring

Ongoing transaction monitoring to detect suspicious activity.

6. Reporting

Suspicious activity reports (SARs) submitted to appropriate authorities.

7. Data Security

All data stored securely; access restricted to authorized personnel only.

8. Training

Regular staff training on AML/KYC laws and detection techniques.

9. Cooperation

Full cooperation with regulatory bodies and law enforcement.

10. Updates

Policy reviewed and updated regularly to reflect new regulations.

Contact: compliance@navionfx.com

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About

The trading of foreign exchange, contracts for difference (CFDs), and various other financial instruments involves a substantial level of risk. Please be aware that there is a possibility of incurring a loss of some or all of your initial investment. Therefore, it is crucial not to invest funds that you cannot afford to lose. Familiarize yourself with all associated risks of trading on margin.

Navion Fx Limited provides general advice that does not take into consideration your specific objectives, financial situation, or needs. The content on this website should not be interpreted as personalized advice. Before engaging in trading, carefully assess your investment objectives, level of experience, and risk tolerance. Be well-informed about the potential risks associated with trading, and if you have any uncertainties, seek guidance from an independent financial advisor.

Restricted Region: USA, EU member countries, Iceland, Liechtenstein, Norway

Furthermore, we are unable to provide accounts to individuals residing in countries that are currently experiencing significant and ongoing risks related to anti-money laundering and the financing of terrorism, as these risks pose a threat to the international financial system.
The following countries fall under this category: Afghanistan, Angola, Bahamas, Botswana, Myanmar, Cote d'Ivoire (Ivory Coast), Crimea and Sevastopol, Cuba, Democratic People's Republic of Korea (DPRK), Democratic Republic of Congo, Liberia, Ghana, Iran, Iraq, Mongolia, Pakistan, Panama, Somalia, Sudan, Syria, Trinidad and Tobago, Yemen, Zimbabwe.