Forex companies navigate a world of currency exchange while keeping a watchful eye on illegal activity. Compliance and Anti-Money Laundering (AML) programs are their safety net. These programs ensure forex companies follow regulations and have robust procedures to identify and prevent money laundering. Strong compliance reduces the risk of criminals using the forex market to clean dirty money. This protects the company’s reputation, fosters trust with clients and investors and attracts new business. Compliance also avoids hefty fines and potential license suspensions from regulatory bodies. Ultimately, a commitment to compliance and AML safeguards the forex market and keeps it a trusted and secure environment for everyone.
In addition to being essential to our organization’s success, sound governance also ensures the safety of our employees and clients. Governments everywhere have acknowledged that there are serious concerns associated with terrorism, money laundering, and the financing of criminal activity. Furthermore, tax evasion and financial crime stifle markets and threaten offshore financial systems. ArtCap’s strong risk management procedures and efficient, well-established internal control system include pre-trade and post-trade fraud detection systems. Qualified global compliance teams protect our clients while fighting money laundering and terrorism funding. They also make sure we follow all relevant laws.
We use self-assessment tools to assess our compliance with regulations, risk management, and internal controls. The Board of Directors and senior management regularly evaluate self-assessment data.
Maintain a professional internal auditing department that evaluates law and regulation compliance, internal controls, risk management, and governance. These internal controls are assessed annually to ensure they meet new and existing regulations.
We recognise that training and development are necessary to meet prudential standards and best practices. Our personnel take anti-money laundering, risk management, and governance courses.
Data Fees: We make every effort to prevent levies on our traders for data. All of our active traders receive complimentary real-time market data as a standard benefit of conducting business with us.
Our workforce holds memberships and qualifications from the International Compliance Association and the Association of Certified Anti-Money Laundering Specialists.
We verify each client’s identity and residential address to comply with KYC, SOW, and SOF best practices and our licensing. Our T&Cs confirm this restriction. We verify clients’ employment and income to ensure KYC compliance with deposits.
We do not accept third-party deposits or withdrawals. All deposits are refunded to the originating source whenever possible to prevent “layering” of unlawful gains.
We also use computerised databases and cutting-edge document authentication technologies to prevent identity theft and document forgery. Biometric checks, video chats, “selfie certs,” and other electronic identification methods using public databases will be used to validate a client’s identity.
We periodically update our client files with economic profiles and run background checks on politically exposed, sanctioned, or bad media personalities.
The Internal Audit section conducts a risk-based plan annually to assess internal controls’ efficiency and compliance with laws and regulations.
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High-Risk Investment Notice: Website information does not contain and should not be construed as containing investment advice, investment recommendations, or an offer or solicitation of any transaction in financial instruments. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research. Nothing on this site should be read or construed as constituting advice on the part of ArtCapital or any of its affiliates, directors, officers, or employees.
Please note that content is a marketing communication. Before making investment decisions, you should seek out independent financial advisors to help you understand the risks.
You must be at least 18 years old to use the services of ArtCapital Ltd.
Trading forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. The products are intended for retail, professional, and eligible counterparty clients. For clients who maintain accounts with ArtCapital Ltd., retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds. Professional and eligible counterparty clients could sustain losses in excess of deposits.
ArtCap is a trademark of ArtCapital Ltd., registered in Saint Lucia with the number 2024-00222. The registered office of the company is located at Ground Floor, The Sotheby Building, Rodney Bay, Saint Lucia.
ArtCapital Ltd. does not offer services to citizens/residents of certain jurisdictions, such as the United States, and is not intended for distribution to or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
