Anti money-laundering policy

1. Introduction:

The True Forex Funds Ecosystem is committed to the highest standards of integrity, transparency, and compliance with all applicable Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations and laws. This policy outlines the measures and procedures established across the ecosystem to prevent illicit activities, money laundering, and the financing of terrorism.

2. Scope:

This AML Policy applies to all employees, contractors, partners, clients, and users of the products and services of the True Forex Funds Ecosystem.

3. Customer Due Diligence (CDD):

Each entity will conduct thorough customer due diligence on all clients and users in accordance with applicable regulations. Identification and verification procedures will be conducted during onboarding and periodically as required. Enhanced due diligence will be applied to higher-risk clients, transactions, and jurisdictions.

4. Know Your Customer (KYC):

Each entity will collect and maintain accurate and up-to-date information about its clients, including beneficial ownership information. Client risk profiles will be assessed to determine the level of due diligence required.

5. Monitoring and Reporting:

Ongoing monitoring of client transactions to detect unusual or suspicious activities. Suspicious activities will be reported to relevant authorities as required by law in each jurisdiction.

6. Transaction Screening:

All entities will implement screening measures to identify individuals, entities, and countries subject to international sanctions, embargoes, and watch lists. Transactions involving sanctioned parties will be reported as necessary.

7. Training and Awareness:

AML and CFT training will be provided to employees, contractors, and partners to ensure understanding of compliance requirements and roles in preventing illicit activities.

8. Reporting Obligations:

Each entity will report any suspicious activities to the appropriate authorities in accordance with local and international laws and regulations.

9. Risk Assessment and Mitigation:

Regular risk assessments will be conducted to identify and assess potential money laundering and terrorism financing risks. Mitigation measures will be implemented to address identified risks.

10. Record Keeping:

All entities will maintain accurate records of customer identification and verification, transaction records, and other relevant documentation in compliance with applicable laws.

11. Resources and Compliance Officer:

Each entity will designate a Compliance Officer responsible for overseeing and enforcing AML and CFT measures. Adequate resources will be allocated to support the implementation and maintenance of this policy.

12. Continuous Improvement:

The AML Policy will be reviewed and updated regularly to ensure its effectiveness and compliance with changing regulations.

This AML Policy serves as a commitment to the highest standards of ethical conduct and compliance with applicable regulations. By adhering to these principles, the True Forex Funds Ecosystem seeks to contribute to the prevention of financial crime and the protection of the integrity of the cryptocurrency ecosystem.