Anti-Money Laundering Policy

Introduction

Thinkorswing is completely devoted to fighting money laundering. We have created an educational curriculum for all personnel to complete during their initial training as part of our commitment to combat and eliminate money laundering. This course covers the foundations of anti-money laundering (AML) and our internal compliance procedures.

Following completion of the internal program, all clients must read, acknowledge, and act in line with Thinkorswing's "Anti-Money Laundering & Compliance Procedures Manual."

Definition

Money laundering is the hiding of unlawfully obtained funds, usually through transfers involving foreign banks and legitimate financial organizations.

Principles

The key principles of the “Anti-Money Laundering Statement” are that:

1. Thinkorswing will keep a written document outlining its AML policy and procedures, as well as an internal control system, to verify continuous AML compliance by a designated person(s) and to take appropriate action when suspicious activity is found.

2. Thinkorswing shall follow all applicable anti-money laundering and terrorism financing laws and regulations.

3. The anti-money laundering rules of Thinkorswing apply to all business units and departments.

4. Keep money laundering and terrorist financing out of Thinkorswing.

5. All suspicious activity must be notified in accordance with all applicable foreign and local laws.

6. All papers pertaining to the Client will be kept for a period of no less than five (5) years or as required by law.

7. In the case that there is reason to assume that AML protocols have been violated, Thinkorswing will fully assist with law enforcement and regulatory agencies to the extent permitted by all applicable laws.

8. Thinkorswing guarantees that no withdrawals will be processed from ANY Client account until full and satisfactory 'know your customer' or 'compliance and due diligence' checks are performed. This means that any documents required to proceed with the return of monies to the Client must be provided.

9. Funds will always be returned to their original source. Simply said, if you placed by wire transfer, your monies will be returned via wire transfer; if you deposited via Visa card, your funds will be refunded to the Visa card. Thinkorswing will never deviate from this.

If you have any more concerns about the Anti-Money Laundering policy, please email our support team or use our online chat to get more information.