ANTI-MONEY LAUNDERING
Money laundering damages trust in the financial system as a whole. This policy sets out the checks CPFXTM runs to keep its platform from being used for that purpose.
The Purpose of This Policy
Money laundering is the practice of pushing illegally obtained funds through channels that look legitimate. CPFXTM's programme is built to make that difficult — by confirming who our clients are, watching for behaviour that doesn't fit, and reporting concerns to the relevant authorities when required.
Confirming Client Identity
Before any account is activated, we verify the client's identity and address. These checks may be repeated later on, particularly if circumstances change or an internal review calls for updated documentation.
Checking the Source of Funds
Higher-risk situations — large deposits, activity linked to higher-risk jurisdictions, or politically exposed persons — receive extra scrutiny, which can include a request for evidence showing where the funds or overall wealth originated.
Ongoing Monitoring
Account activity continues to be reviewed after onboarding, so that transactions inconsistent with a client's known profile are flagged quickly. Where something looks off, we may ask for clarification or temporarily pause activity while we investigate.
Reporting Obligations
When we form a reasonable suspicion of money laundering or terrorist financing, the law requires us to report it to the relevant authority. Consistent with standard practice, we are not able to confirm or deny to any client whether such a report exists.
Staff Training
Our team is trained regularly to recognise the signs of financial crime and to know what to do when something looks suspicious. Our internal controls are reviewed on an ongoing basis to keep up with emerging risks and regulatory expectations.
What This Means for You
If we reach out for documents or clarification, a prompt and accurate response keeps your account running without interruption. Delays in responding may result in temporary restrictions until our review is finished.