AML & KYC Policy

Anti-money Laundering and Countering Financing of Terrorism Act 2008 (the “Act”)

This act aligns with the IFSC Money Laundering and Terrorism (Prevention) Act, 2008 The Act sets out a pro-active risk based management regime whereby reporting entities are considered best placed to identify their money laundering and terrorist financing risks in respect to their business operations.

Scope Markets is committed to the highest standards set in following the precautionary measures of Anti Money Laundering. Scope Markets requires all employees under it to follow the phases of accepting clients, adhering with the standards and policies, helping to prevent the use of Scope Markets products to money laundering.

Adhering with the steps of AML Policy includes “Know your client” KYC Procedures, submission of valid documents for identity verification, screening, record keeping and ensuring that these records are updated in due course.