AML Policy

Alantra Capital adheres to the highest standards in the fight against money laundering (AML) and financial terrorism and requires that the management and employees of the company follow these standards.

Money laundering is the process of converting funds obtained as a result of illegal activities (fraud, corruption, terrorism, etc.) into other funds or investments that look legitimate to conceal or distort the real sources of funds.

The money laundering process can be divided into 3 consecutive stages:

Accommodation At this stage, funds are converted to other financial instruments such as checks, bank accounts, money transfers, or they can be used to purchase expensive goods that can be resold. They can also be invested in banks and non-banking institutions (for example, currency exchange points). To avoid suspicion on the part of the company, a money launderer can make several investments instead of investing the entire amount at once, this form of placement is called “surfing” or “spraying”.

Splitting up. Funds are transferred or transferred to other accounts and other financial instruments. This is done in order to hide the origin and interfere with the identification of the person who conducted several financial transactions. Moving and changing the form of cash complicates the process of tracking money laundering.

Integration. Funds are returned into circulation as legally obtained for the acquisition of goods and services.

AML Policy

Alantra Capital, like most organizations providing services in the financial market, adheres to the principles of the fight against money laundering (AML) and actively hinders any actions aimed at or facilitating the process of legalization of funds obtained illegally. AML (Anti Money Laundering) policy implies the prevention of the use of company services by criminal entities with the purpose of money laundering, terrorist financing or other criminal activities.

To do this, the company has implemented a strict policy to detect, prevent and notify all suspicious transactions to the relevant authorities. At the same time, Alantra Capital does not have the right to inform its client that law enforcement agencies are notified of its activities. A sophisticated electronic identification system for each client of the company was also implemented and a detailed history of all operations was introduced.

In order to prevent money laundering, Alantra Capital under no circumstances accepts or pays cash. The company reserves the right to suspend any client operation that may be considered illegal or, in the opinion of employees, may be related to money laundering.

Company Procedures

Alantra Capital must make sure that it works with a real person or entity. Alantra Capital takes all necessary measures in accordance with applicable laws and regulations that have been introduced by monetary authorities.

AML policy is implemented through:

“Know Your Client” policies;
Monitoring customer activity;
Keeping records.
The Know Your Customer Policy

Since the company is a supporter of AML and KYC policies, each client of the company must go through the verification procedure. Before starting any work with clients, Alantra Capital makes sure that companies will be provided with evidence or measures will be taken to provide evidence confirming the identity of any client or counterparty.

The company also pays special attention to customers who are residents of countries recognized as reliable sources, such as countries with insufficient AML and representing a great danger due to crime and corruption, as well as to beneficiaries and funds from these countries.

Individuals

During the registration process, each client provides their personal information, namely: full name, date of birth, nationality, full address, including phone number and city code.

The client, who is an individual, sends the following documents (if the documents are not written in Latin, in order to avoid delays in the verification process, it is necessary to provide a notarized translation of the document into English) in accordance with the requirements of KYC and to confirm the specified information:

A copy of the first page of a local or foreign passport in good quality, on which a photograph and signature are clearly visible. Or a copy of a driver’s license that meets the same requirements. These documents must be valid for at least 6 months from the date of submission for consideration.
A copy of a utility bill or bank statement in good quality containing the full name of the client and their actual place of residence. These documents must be no older than 3 months from the date of submission for consideration. For citizens of the CIS countries, it is possible to send a copy of the passport page with the registration address, in case of coincidence with the place of residence, and send a copy of the first page of the passport.

Legal entities

If the applicant company is on the list of officially recognized stock exchanges or if there is evidence confirming that the applicant is a branch or subsidiary of such a company, then no further action is usually required to confirm the identity. In the event that the company is unlisted and neither the chief directors nor the shareholders of the company have open accounts in Alantra Capital, the official representative must provide the following documents in accordance with the requirements of KYC:

Copy of registration certificate / certificate.
Extracts from the trade register, or an equivalent document confirming the registration of corporate acts and amendments.
Names and addresses of all officers, directors and real owners of the legal entity.
A copy of the memorandum and articles of association of the company or an equivalent document duly registered in the relevant register.
Confirmation of the legal address of the company; list of shareholders and directors.
Description and scope of business (including the date the business was opened, products or services provided; location of the main business)
This procedure is carried out to establish the identity of the client and help Alantra Capital to know / understand the customers and their financial transactions, in order to provide the best online trading services.

Customer Activity Monitoring

In addition to collecting customer information, Alantra Capital continues to monitor the activities of each customer in order to identify and prevent any suspicious transactions. A suspicious transaction is a transaction that contradicts the legitimate business of the client or his usual history of operations in accordance with the monitoring of the client's activities. Alantra Capital has implemented a monitoring system for these operations (both automatic and, if necessary, manual) to prevent the use of company services by criminals.

Top-up and withdrawal

All operations of clients to replenish and withdraw funds from a personal trading account must comply with the following requirements:

In the case of a bank transfer or a transfer from a bank card, the name indicated during registration of the account must coincide with the name of the account holder / bank card.

It is possible to withdraw funds from the trading account in a way different from the replenishment method only after withdrawing the amount equal to the amount of client deposits in the same way and to the same account from which the replenishment was made.

In case of replenishment of the account by a method with which withdrawal is not possible, funds are withdrawn to the Client’s bank account, or by other means as agreed with the Company, with which you can reliably establish the identity of the account holder.

When replenishing the account in various ways, the withdrawal of funds is carried out by the same methods in a proportional ratio to the amount of deposits.

In case of replenishment using Visa / Mastercard, Wire Transfer, BTC, withdrawal of funds exceeding the amount of customer deposits is possible by any of these methods: Visa / Mastercard, WireTransfer, BTC. In case of replenishment in another way, the withdrawal of funds in excess of the amount of customer deposits is allowed by any available method at the client’s choice.