Fplus.plus does not tolerate money laundering and supports the fight against money launderers. Fplus.plus follows the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is a full member of the Financial Action Task Force (FATF), the intergovernmental body whose purpose is to combat money laundering and terrorist financing.
Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.
Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, trading accounts can be used to execute financial transactions that help obscure the origins of the funds.
Fplus.plus directs funds withdrawals back to the original source of remittance, as a preventative measure.
International Anti-Money 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 Fplus.plus and its clients.
For questions/comments regarding these guidelines, please contact us at firstname.lastname@example.org