KYC

IDEALFX
KYC (Know Your Customer) POLICY

For the purpose of KYC policy, a customer may be defined as:

A person or entity that maintains an account and/or has a business relationship with idealfx.com on whose behalf the account is maintained (i.e. the beneficial owner)

Beneficiaries of transactions conducted by professional intermediaries, such as stock idealfx.com, charted accountants, solicitors etc. as permitted under the Law.

Any person or entity connected with a financial transaction, which can pose significant reputation or any other risks to idealfx.com, say, a wire transfer or issue of high value demand draft as a single transaction.

KYC policy includes the following eight key elements – customer identification procedures, monitoring of transactions, risk management, training program, internal control system, record keeping, and evaluations of KYC guidelines by internal audit and inspection system, duties / responsibilities and accountability.

An effective KYC program is put in place by idealfx.com, establishing appropriate procedure and ensuring their affective implementation. It covers proper management oversight, systems and controls, segregation of duties, training and other related matters. Responsibility is explicitly allocated within the company for ensuring that the company’s policies and procedures are implemented effectively.

The nature and extent of due diligence depends on the risk perceived by the idealfx.com customer profile. idealfx.com internal audit and compliance have an important role in evaluating and ensuring adherence to the KYC policies and procedures. The compliance function provides an independent evaluation idealfx.com own policies and procedures, including legal and regulatory requirements. It ensures that the audit machinery is staffed adequately with individuals who are well versed in such policies and procedures. Internal inspectors specifically check and verify the application of KYC procedures at the branched/offices and comment on the lapses observed in this regard.

Business Growth

The argument in favor of using filler text goes some labore et dolore magna aliqua consectetur.

Strategy Process

The argument in favor of using filler text goes some labore et dolore magna aliqua consectetur.

Finance Manage

The argument in favor of using filler text goes some labore et dolore magna aliqua consectetur.
Video

See how we work with touch of experience

Why choose us

There are many companies but why choose us

The argument in favor of using filler text goes something like this: If you use real content in the design process, anytime you reach a review point you’ll end up reviewing and negotiating the content itself.

Expert team

The argument in favorite of using filler to text goes some thing like this top

Best Finance Brand

The argument in favorite of using filler to text goes some thing like this top

Best Leadership Ideas

The argument in favorite of using filler to text goes some thing like this top

IDEALFX PARTNERS