What is Money Laundering?
Money laundering is the practice of disguising the origins of illegally-obtained money. Ultimately, it is the process by which the proceeds of crime are made to appear legitimate.
Why Must one Prove His/Her Identity to UpFX?
At UpFX we take the prevention of money laundering seriously. We will not accept you as a client until we are satisfied that you are who you say you are. Furthermore, we reserve the right at any stage to refuse to process your transaction if you fail to provide us with satisfactory information or, if information you have provided to us subsequently appears to be misleading, incorrect or false.
What Kind of Identification and Information is Needed?
Government issued ID such as a passport or drivers license is generally the type of ID we require. Additional information may be asked for on a case by case basis.
- An Original certified copy of an ID or passport. (You can obtain certification at public notary or an official governmental authority which usually delivers such certifications).