AML and Account Verification Policy

The Company

commercepro24 International (hereinafter called as the “Company” or “commercepro24” or “we” or “our” or “us”) is an Investment Firm incorporated and registered under the laws of the Republic of Cyprus, with registration number HE 346662. The Company is authorized and regulated by the Cyprus Securities and Exchange Commission (hereafter the “CySEC”) under the license number 301/16. commercepro24 is a trade name of the Company.

Our Aim

commercepro24 is actively working to prevent all Financial Crime (FC) related activities such as Money Laundering (ML) and Terrorist Financing (TF). To prevent such activities the Company constantly works to verify the identity of all clients, and where necessary to assist government agencies and financial intelligent units (FIUs) with their effort to combat ML and TF. commercepro24 does everything required to ensure compliance with laws against ML and TF.

How to verify your commercepro24 account

Verification is a mandatory part of the process of registering for the commercepro24 platform. Regulatory requirements dictate that we verify each new commercepro24 account without any exemptions. This keeps our platform secure and prevents untoward activity

Upon the completion of your account verification, you will be able to enjoy the full benefits of the commercepro24 platform. To verify your account, you are required to upload both a proof of identity (POI) and proof of address (POA) as well as any other documents needed as part of the registration process or thereafter. Only after you provide us all the necessary documents will your verification process begin. To identify our clients, commercepro24 may ask for personal data and take steps to confirm the accuracy of this information using various verification tools. It may take from 24 hours up to couple of workdays to complete this process.

Personal Data

The personal data we receive is handled in accordance with the provisions of the Privacy Policy and applicable regulations. Please note that the reason for the identification procedure is to comply with laws against ML and TF, as these are emanated from the various regulatory requirements. Accordingly, your cooperation and understanding of these steps is necessary to effectively combat money laundering and financing terrorism.

What is needed from your end

To be compliant with the regulatory requirements and at the same time be able verify your account, we have in place the following practices: a. all clients must submit valid identification documents (i.e. all info should be visible, valid and not expired, clear, without cropping); b. records of clients’ identification documents are maintained by commercepro24

The type of documents needed will depend on the type of your account

Note: the above documents prescribe our minimum requirements. Company reserves its right to request any further documents deemed necessary

Funding your account Credit/Debit Card

If funding with a credit or debit card, a client should send us a copy of both sides of their card. The copy needs to have the name, date of expiry, last four digits on the front and signature on the back clearly visible. We need this to be certain that all transfers are made only to and from your card. For your security, we advise you to cover the card number except for the last four digits and the CVV code on the back.

Bank Wire Confirmation

If a client deposits with bank wire, we need to see the confirmation

Additional queries