Money laundering is the practice of engaging in a sequence of financial transactions to hide the ownership, source, control or purpose of unlawfully gained money.
Ultimately, it is the manner by which the proceeds of crime appear to have a genuine origin. AssetsFX is dedicated to preventing money laundering through its service and complies.
Regarding to the money deposits, the sender name must match the name of account holder present in AssetsFX records and no third party transfers are allowed.
Similarly in case of money withdrawal the recipient name must match the name of account holder who is withdrawing money.
If money is withdrawn via wire transfer, it can be done only to the same bank and the same account name from where money was deposited.
If money is withdrawn via on-line payment system, it can be done only to the same account or e-wallet from where it was deposited.