icmarkets.com is now ic.com. Same trusted experience. A stronger address. Learn more

Anti-Money Laundering Policy

Individual Account Opening Document Requirements

In accordance with the Seychelles Anti-Money Laundering and Countering the Financing of Terrorism Act 2020 we are required to verify your identity prior to opening a trading account.

Photo ID (primary)

The following are acceptable forms of photo identification:

  • A valid Passport
  • A valid National Identity Card
  • A valid Government ID, such as a Driver's License or State ID

Photo ID must show full name and date of birth.

Proof of Residence (secondary)

The following are acceptable forms of proof of residence:

  • A Utility Bill (phone, gas, electricity)
  • Bank or Credit Card Statement
  • Government-Issued Tax Document
All proof of residences must be current and not outdated by more than 180 days, show the full document, clearly display the name and address (no PO Boxes), and show a provision of services such as money owed or paid.

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 accordance with Anti-money Laundering and Countering the Financing of Terrorism Act 2020, we are required to verify information about your company prior to opening a corporate trading account for you. To ensure that your account is approved please submit the following:

Legal Person documentation: 

  1. Certificate of Incorporation/Registration;
  2. Articles of Association/Memorandum;
  3. Certificate of Directors and all Shareholders/Members/Partners including the percentage of their ownership;
  4. A proof of company’s registered address not older than 90 days / as well as principal place of business (Utility bill);
  5. A resolution of the board of directors of the legal person for the opening of the account and granting authority to those who will operate it; and
  6. LEI number.

Officers and persons with significant control:

Documents and data for the verification of the identity of:

  1. The persons that are authorised by the legal person to operate the account
  2. Registered shareholders/beneficial owner/s of the legal person
  3. Directors
    • A valid photo ID (National ID or Passport)
    • A proof of residence (Utility Bill, Bank Statement), not older than 180 days

In the case of a legal person whose direct/immediate and principal shareholder is another legal person, registered in the Republic or abroad, the Company verifies the ownership structure and the identity of the natural persons who are the beneficial owners and/or control the other legal person.

Contact Us

We are here 24hrs a day Monday to Sunday.
Help Centre Email Us

Funds Withdrawal Procedures

The AML policy and procedure at IC detailed below is structured around strict guidelines to make sure that funds are securely sent back to their originating source and beneficiary.

  • IC customers must complete a withdrawal request containing their correct account information.
  • All withdrawal requests are submitted to IC accounts department for processing. Our Accounts department confirms the account balance, verifies that there are no holds or withdrawal restrictions on the account, and then approves the withdrawal request, pending compliance approval.
  • IC Accounts department reviews all withdrawal requests, verifying the original funds are withdrawn via the same method of deposit and to the account holder on file. Our accounts department examines the withdrawal request against the customer's deposit history to make sure there is no suspicious activity, and verifies the bank account on file.
  • Withdrawal requests approved are processed by the accounts department and the funds are released to the client.
  • In the event that a withdrawal is flagged for suspicious activity, the withdrawal is placed on hold, pending further investigation by IC Management staff.
  • IC Management will work with our Compliance department to see if further action needed and if any relevant regulatory bodies need to be contacted.

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

Trustpilot
Open an Account 24/7 Support