Anti-Money Laundering (AML) Policy
Vedtico Limited is committed to maintaining robust Anti-Money Laundering (AML) procedures in accordance with applicable legal requirements. We maintain policies and procedures designed to detect and prevent money laundering activities.
What is Money Laundering?
Money laundering is the process of concealing the origin of illegally obtained funds by transferring them through legitimate financial systems. This process typically involves three stages: placement, layering, and integration.
Vedtico Limited will monitor for and report suspicious activities that may indicate attempts to conceal the origin of funds derived from illegal activities, in compliance with applicable laws and regulations.
Identity Verification Requirements
To comply with AML regulations and prevent financial crimes, Vedtico requires all customers to complete identity verification before opening a trading account. This process helps ensure the security of our platform and protects all users.
We are required to verify customer identity and understand the source of funds before account activation. This is a standard regulatory requirement across financial services.
Required Documentation
To verify your identity, we require the following documentation:
- Government-Issued Photo ID: A clear copy of your passport, driver's license, or national identity card (both front and back)
- Proof of Address: A recent utility bill, bank statement, or government-issued document showing your name and residential address (dated within the last 3 months)
- Payment Method Verification: For bank transfers, a copy of your bank statement showing account ownership. For other payment methods, appropriate verification documentation as required
- Source of Funds Documentation: Depending on your deposit method and amount, we may request additional documentation to verify the legitimate origin of your funds
Important Information
- All documentation must be clear, legible, and current
- Account information must match your verified identity documents exactly
- Withdrawals can only be processed to accounts under the same name as your verified trading account
- We may request additional documentation at any time to comply with ongoing regulatory requirements
Our Compliance Commitment
Vedtico Limited:
- Conducts ongoing monitoring of account activity
- Maintains records as required by law
- Trains staff in AML detection and prevention
- Cooperates fully with legitimate law enforcement inquiries
- Reserves the right to refuse service where AML compliance cannot be verified
Note: Our AML procedures are subject to change based on evolving regulatory requirements. We appreciate your understanding and cooperation with these necessary security measures.