Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy
1. Purpose
This policy establishes the framework for preventing ALDORO FX from being used to facilitate
money laundering or terrorist financing. It ensures compliance with international standards and
applicable regulatory requirements.
2. Scope
This policy applies to all employees, clients, contractors, and business partners of ALDORO FX.
3. Regulatory Compliance
ALDORO FX complies with the AML/CTF requirements set forth by the Financial Action Task Force
(FATF), and applicable laws in the jurisdictions it operates in.
4. Customer Due Diligence (CDD)
– Perform identity verification (KYC) before account activation.
– Collect and verify documents: passport/ID, proof of residence, source of funds.
– Apply Enhanced Due Diligence (EDD) for high-risk clients and politically exposed persons (PEPs).
5. Ongoing Monitoring
– Monitor transactions for unusual patterns and thresholds.
– Utilize automated systems to flag suspicious transactions.
– Conduct periodic reviews of client profiles.
6. Reporting Obligations
– Report suspicious activities to the designated authority (FIU) without notifying the client (Tipping-off
is prohibited).
– Maintain a log of all suspicious transaction reports (STRs).
7. Record Keeping
– Retain client and transactional records for at least 5 years after account closure.
aldoro AML POLICY
8. Training
– All staff must undergo AML/CTF training upon hiring and on an annual basis.
9. Appointed MLRO
The company has appointed a Money Laundering Reporting Officer (MLRO) responsible for
oversight and reporting.
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