KYC - KNOW YOUR CUSTOMER. Know your customer policies have become increasingly important worldwide lately, espe- cially among banks and other financial institutions, in order to prevent identity theft, money laundering, financial fraud and terrorist activity. Eurotrade will request sensitive personal information in its capacity to combat any fraudu- lent activity. This information is covered by clause 9 of this Agreement Eurotrade holds a zero-tolerance fraud policy, and is taking all measures possible to prevent it. Any fraudulent activity will be documented and all related accounts to it will be immedi- ately closed. All funds in these accounts will be forfeited. Full refund of the original deposit will be made after the fraudulent activity is confirmed and any losses/profits will be ad- justed accordingly. After full refund is made client’s account will be closed definitively. Eurotrade aims to ensure the integrity of any sensitive data it obtains, such as your account information and the transactions you make, using a variety of security measures and fraud controls. Securing your electronic transactions requires us to be provided with certain data from you, including your preferred deposit method. When you open a trading account and deposit funds we will require the following docu- ments (each of the following documents should be valid for the next 6 months at least) A copy of your valid passport with the signature page. A copy of a recent (not older than 6 months) utility ▇▇▇▇ in your name and address (such as Water, electricity, gas or telephone) A signed purchase history of your online transactions. If you have any questions please do not hesitate to contact our customer support: All the documents must be translated to English by an authorized notary or to be provided in English. However, where possible, the Company will translate your documents to English for your convenience. We highly appreciate you taking the time to provide us with all the necessary documents, in order to avoid any delays in processing your transactions. We require the receipt of all the necessary documents prior to making any cash transactions to your benefit. With reference to the verification of the identity of the client the Company takes into ac- count the fact that when commencing the establishment of a business relationship with a client whose identity has not been yet verified, the risk of money laundering referred to the previous paragraph may be assessed as low when, as a minimum, the following, among oth- ers, are taken into consideration: Some circumstances may require us to request these documents before allowing any other activities in your account, such as deposits or trades. Please note that if we will not receive the required documents on file within the required period, your pending withdrawals will be cancelled and credited back to your trading ac- count. Please note that in case we find out that your POI is expired any pending withdrawal will be cancelled and credited back to your trading account. We will notify you on such event via our system. Please scan your documents, or take a high quality digital camera picture, save the images as jpegs, then send it to us via mail to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇. Eurotrade holds the security of documentation at highest priority, and treats all documents it receives with utmost respect and confidentiality. All files we obtain are fully protected us- ing the highest level possible of encryption at every step of the review process. Refer to Pri- vacy Policy clause 9 for more details 8.1. CLIENT CLASSIFICATION i. Entities which are required to be authorized or regulated to operate in the financial market, either from Member States or non-Member States, such as: Credit institutions Investment Firms Other authorised or regulated financial institutions Insurance undertakings Collective investment schemes and management companies of such schemes Pension funds and management companies of such funds Commodity and commodity derivatives dealers Locals Other institutional investors ii. Large undertakings meeting two of the following size requirements, on a proportional basis: Balance Sheet total at least USD $20,000,000.00 Net Turnover at least USD $40,000,000.00 Own Funds at least USD $2,000,000.00 iii. National and regional governments and public bodies
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Sources: Client Agreement, Client Agreement