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Paradox INC. is fully committed to the prevention of money laundering, terrorist financing and other forms of financial crime. This Anti-Money Laundering (AML) policy outlines the measures, controls and obligations we adopt to comply with applicable AML regulations and international standards, including the recommendations of the Financial Action Task Force (FATF).
All clients are subject to identity verification before being granted access to live trading. We collect government-issued identification, proof of address, and additional information necessary to verify the client’s identity, occupation, and source of funds.
Clients identified as politically exposed persons (PEPs), residents of high-risk jurisdictions, or those depositing significant amounts may be subject to enhanced due diligence, including verification of source of wealth and the purpose of business relationship.
Account activity is continuously monitored using automated and manual systems to identify unusual or suspicious transactions. Patterns inconsistent with the client’s declared profile may trigger further review.
Suspicious transactions are reported to the relevant Financial Intelligence Unit (FIU) in accordance with applicable law. Reporting obligations override confidentiality obligations to clients.
Clients must ensure that all funds deposited originate from legitimate, traceable sources. Third-party deposits are not accepted. Cryptocurrency deposits, where supported, are subject to additional blockchain analytics screening.
All applicants and clients are screened against international sanctions and watchlists, including those maintained by the United Nations, OFAC, EU and the United Kingdom. Screening is repeated periodically throughout the business relationship.
We retain client identification records, transaction history, and supporting documentation for the period required by applicable law (typically a minimum of five years from the end of the business relationship).
All employees and relevant contractors receive ongoing AML and counter-terrorist-financing training appropriate to their role, with refresher courses delivered at least annually.
Paradox INC. cooperates fully with regulators, law enforcement and other competent authorities in the prevention, detection, and investigation of financial crime.
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