Anti-Money Laundering (AML) Policy

stockmarketgame.online is committed to providing a safe and transparent online environment for all our users. We uphold the highest standards of anti-money laundering (AML) compliance and require all members, regardless of location, to adhere to these standards. Our AML policies are designed to prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities.

Objectives

Our AML Policy aims to ensure that our services are not used to facilitate money laundering or the financing of terrorism. By implementing robust AML procedures, we strive to maintain and enhance our reputation as a responsible online stock market simulation platform.

Customer Identification (Know Your Customer – KYC)

To prevent money laundering through our platform, we enforce a stringent KYC process. This includes:

  • Verifying the identity of our users through reliable, independent source documents, data, or information.
  • Establishing the purpose and intended nature of the business relationship.
  • Conducting ongoing due diligence on the transactions and activities of our users.

Monitoring and Reporting

stockmarketgame.online employs automated monitoring systems to detect and report suspicious activity. Our AML compliance team reviews and investigates unusual patterns of activity that may signify money laundering. All suspicious activities are reported to the relevant authorities in accordance with applicable laws and regulations.

Compliance Officer

We have appointed a designated Compliance Officer responsible for overseeing the implementation of our AML policy. The Compliance Officer’s duties include:

  • Monitoring our compliance with AML statutory obligations.
  • Reporting suspicious activities to the relevant authorities.
  • Providing AML training to our staff.

Training and Awareness

Regular training on AML compliance is provided to all employees of stockmarketgame.online. This training includes recognizing and dealing with transactions that may involve money laundering.

Record Keeping

Records of all identity checks, and transactions are maintained for a minimum of five years. These records are available for review by regulatory and law enforcement bodies when officially requested.

Changes to Policy

stockmarketgame.online reserves the right to update or modify this policy at any time. Changes to our policy are effective as soon as they are posted on our website.

Conclusion

At stockmarketgame.online, we take our regulatory responsibilities very seriously. We are committed to safeguarding our platform from being used for criminal activities. For any queries related to our AML Policy, please contact our compliance team.