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Anti-Money Laundering Policy

Individual Account Opening Document Requirements

In compliance with the Seychelles Anti-Money Laundering and Countering the Financing of Terrorism Act 2020, we are required to verify your identity before opening a trading account. To ensure your account application is approved, please submit the following documents

Photo ID (primary)

The following are acceptable forms of photo identification:

  • A valid Passport (photo and signature page)
  • A valid National ID card (front and back)
  • A valid Government ID card, such as Driver’s License (front and back)

Photo ID must clearly display the full name of the applicant, date of birth and the date of its expiry or the validity period of the document.

Proof of Residence (secondary)

The following are acceptable forms of proof of residence:

  • A utility bill (electricity, water, or gas bill)
  • A bank statement
  • A government-issued document (municipality housing letters, social/pension statements, Tax statements)

All proof of residence must be current and not older than 180 days.

The document must be shown in full and clearly display the applicant's full name, residential address and evidence of provision of services (including the document issuer's name/logo).

As we must be able to understand the language used on your supplied document, documents in languages other than English may need to be accompanied by a certified English translation.

Electronic Verification

The Company may verify your personal details through electronic verification provided by an independent and reliable KYC source.

Corporate Account Opening Document Requirements

In compliance with the Anti-Money Laundering and Countering the Financing of Terrorism Act 2020, we are required to verify your company’s information before opening a corporate trading account. To ensure your account is approved, please provide the following documents:

Legal Entity Verification Documents:
  1. Certificate of Incorporation/Registration
  2. Articles of Association/Memorandum
  3. Certificate and/or Register of Directors, Members, Partners including percentage of their ownership and entity share structure
  4. Proof of Company’s Registered Address (must not be older than 90 days), along with proof of the principal place of business (e.g., Utility bill)
  5. Resolution of the Board of Directors granting authority to those operating the account
  6. Certificate of Good Standing
  7. Bank Statement under the name of the legal entity
  8. Latest Audited Financial Statement of the legal entity
  9. LEI (Legal Entity Identifier) Number

Officers and persons with significant control:
  1. Individuals authorized by the legal entity to operate the account
  2. Registered shareholders and/or beneficial owners of the legal entity
  3. Directors of the legal entity
    • A valid Photo ID (Passport, National ID, Driver’s License)
    • Proof of residence (Utility Bill, Bank Statement, Government-issued document), dated within the last 180 days

For a legal entity whose direct, immediate, or principal shareholder is another legal entity, the Company will verify the ownership structure and identify the natural persons who are the beneficial owners and/or have control over the other legal entity.

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Withdrawal And General Transaction Processing Guidelines

The procedures outlined below are part of our AML policy and are designed with strict guidelines to ensure that funds are securely returned to their originating source and rightful beneficiary.

  • Our withdrawal process is strictly governed by Anti-Money Laundering (AML) regulations to ensure compliance and the secure return of funds to their original source.
  • Clients must submit withdrawal requests with accurate account information via their Secure Client Area.
  • The appropriate department verifies account balances, reviews deposit methods, and confirms account holder details. Once approved, withdrawal requests are processed, and funds are released.
  • We retain the right to delay processing any withdrawal request that requires further evaluation by the relevant department.
  • The company does not accept cash deposits or disburse cash under any circumstances.
  • Additionally, IC does not accept third-party deposits of any kind.

Restricted and Sanctioned Countries

While we welcome clients from all over the globe, governmental restrictions along with our company policies prohibit IC from opening accounts originated from the following restricted and/or sanctioned countries:

  • Abkhazia (the Republic of Abkhazia)
  • Afghanistan
  • American Samoa
  • Belarus
  • Central African Republic
  • Chatham Island (New Zealand)
  • Congo
  • Congo - Brazzaville
  • Congo - Kinshasa
  • Cuba
  • Cuba (Guantanamo Bay)
  • Guam
  • Iran (Islamic Republic of)
  • Korea (Democratic Peoples Republic of)
  • Libya
  • Mali
  • Martinique
  • Mayotte
  • Myanmar
  • New Caledonia
  • New Zealand
  • Northern Mariana Islands
  • Puerto Rico
  • Reunion
  • Russia
  • Saint Barthélemy
  • Saint Martin
  • Saint Pierre and Miquelon
  • Somalia
  • South Sudan
  • Sudan
  • Syrian Arab Republic
  • Tokelau
  • U.S. Virgin Islands
  • United States of America
  • Wake Island
  • Wallis and Futuna
  • Yemen
  • Zanzibar
  • Zimbabwe

The company conducts periodic reviews and updates its list to align with the latest amendments to applicable regulations

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