AML Policy

AML Policy

Money laundering is an act of engaging in such financial transactions where money gained from illegal activity is converted into money appears to be gained through legal resources.

The objective of this act is to conceal the illegitimate identity of any monetary instrument including cash amount. That is why national and international laws makes it illegal for Aztrades Company and its employees to be knowingly or unknowingly engaged in any activity related to such illegally gained capital.

Implemented Procedures

Aztrades aims at implementing strict anti-laundering policies to ensure that its customers will be identified for such suspicion up to a certain standard to minimize the procedural complications for genuine and legitimate customers. In order to fulfill its commitment to provide full assistance to the government in fighting against such illegal financial transactions Aztrades has developed technologically advanced and reliable electronic system which completely verifies its client identity and is able to maintain the detailed record of all previous financial transactions.

Aztrades makes it sure to track the all suspicious activities and report to law enforcement bodies timely with detailed information. That is why complete legal protection is provided to its clients who share confidential financial data with the company.

One of the most significant measures to discourage money laundering and related illegal activities Aztrades don’t deal in cash transaction whether you are intended to deposit or withdraw the fund. Our company reserves the right to suspend any transaction where it finds even a suspicion of illegal money conversion. Therefore throughout the process when a customers’ account undergoes suspicion check AZtrades is not allowed to inform the customer about the ongoing development.

Compliance Regime

Like other financial institutions Aztrades has also set up a compliance regime in order to fulfill its formal legal requirement. It comprises the appointment of compliance officer, policy making, regular review of their implementation and impact and professional compliance training to regime staff members.

Aztrades also ensures regular updating of its electronic according to modern rules and regulations developed for more sophisticated check to trace money laundering and other criminal financial practices on the spot. Professional training to its employees to trace such illegal activities and to use modern technological system is also a part of AZtrades essential policies.


In order to fully comply with anti-money laundering laws, Aztrades demands three kinds of documents for the satisfactory identification and verification of customers’ account.

First one is government issued document with a photo of customer on it. It can be a passport, driving license or regular ID card which must be issued by government and must have a picture of client on it.

Second one is any bill or document with complete name and address information on it. It can be a utility bill, bank statement, affidavit or any other type of bill with correct personal information (name and address) on it. It must not be more than 6 months old and the 3rd document is a proof of deposit method.

Moreover Aztrades requires physically signed application form submission. Customers are also required to inform the company in case of any change in their personal information already submitted in Aztrades record.

In case if documents are in non-western language then it must be first translated into English by any official translator and this translated copy must be duly signed and stamped by that translator and submitted along with other related documents and clients’ photo on it.

Deposits And Withdrawals Policy

In case of money deposits the sender name must match the name of customer present in Aztrades record. No third party mediation is allowed in this case so no Mr.A can deposit money from his name for Mr.B.

Similarly in case of money withdrawal recipient name must be matched with the name of account holder he is withdrawing money from. If wire transfer has to be used as payment process funds can be withdrawn to same bank in same account name from where is has been sent. If online money transfer is to be involved even then funds can be withdrawn through same online transfer system to the same account from where it has been transferred.