Anti money laundering policy
The phrase “money laundering” covers all procedures to conceal the origins of criminal proceeds so that they appear to originate from a legitimate source.
Izi69 wealth program (“Company”) aims to detect, manage and mitigate the risks associated with money laundering and the financing of terrorism. The Company has introduced strict policy aimed on the detection, risk prevention or mitigation in respect of any suspicious activities performed by customers.
The Company is required to constantly monitor its level of exposure to the risk of money laundering and the financing of terrorism. The Company believes that if it knows its client well and understands its instructions thoroughly, it will be better placed to assess risks and spot suspicious activities.
Customer Due Diligence
Effective Customer Due Diligence (”CDD”) measures are essential to the management of money laundering and terrorist financing risk. CDD means identifying the customer and verifying their true identity on the basis of documents, data or information both at the moment of starting a business relationship with customer and on an ongoing basis.
The customer identification and verification procedures require, first, the collection of data and, second, attempts to verify that data.
During the my Izi69 wealth program registration process an individual customers provide the following identification information to the Company:
Customer's full name;
Customer's date of birth;
Country of residence/location of customer;
Mobile telephone number or e-mail.
After receiving the identification information the Company’s staff should verify this information requesting the appropriate documents.
Appropriate documents for verifying the identity of customer include, but are not limited to, the following:
For an individual customer: A high resolution scanned copy or photo of pages of a passport or any other national ID, indicating family name and name(s), date and place of birth, passport number, issue and expiry dates, country of issue and Client’s signature.;
For a corporate customer: a high-resolution copy of documents showing the existence of the entity, such as Certificate of Incorporation, and, where applicable, Certificate of Change of Name, Certificate of Good Standing, Articles of incorporation, a government issued business license (if applicable), etc.
To verify proof of address of the customer the Company requires one of the following to be provided, in the same correct name of the customer:
A high-resolution copy of a utility bill (fixed-line phone, water, electricity) issued within the last 3 months;
A copy of a tax or rates bill from a local authority;
A copy of a bank statement (for a current account, deposit account or credit card account);
A copy of a bank reference letter.
When making a funds deposit or funds withdrawal via credit/debit card a customer is required to provide a scanned copy or photo of the credit/debit card (front and back side). The front side of credit/debit card should show the cardholder's full name, the expiry date and the first six and the last four digits of the card number (the rest of the digits may be covered). The copy or scan of the reverse side of credit/debit card should show the cardholder's signature, but the CVC2/CVV2 code must be masked.
If an existing customer either refuses to provide the information described above or if a customer has intentionally provided misleading information, the Company, after considering the risks involved, will consider closing any of an existing customer’s account.
The Regulations measures require further research and identification of customers who may pose a potentially high risk of money laundering/terrorism financing. If the Company has assessed that the business relationship with a customer pose a high risk it will apply the following additional measures:
Obtaining the information relating to the source of the funds or the wealth of the customer will be required (this will be done via e-mail or phone);
Seek further information from the customer or from Company’s own research and third party sources in order to clarify or update the customer’s information, obtain any further or additional information, clarify the nature and purpose of the customer’s transactions with Company.
When obtaining information to verify the customer’s statements about source of funds or wealth, the Company’s staff will most often ask for and scrutinise details of the person’s employment status or business/occupation. The Company’s staff will ask for whatever additional data or proof of that employment/occupation that may be deemed necessary in the situation, particularly the appropriate confirming documents (employment agreements, bank statements, letter from employer or business etc.).
The Company will conduct ongoing customer due diligence and account monitoring for all business relationships with customers. It particularly involves regularly reviewing and refreshing Company’s view of what its customers are doing, the level of risk they pose, and whether anything is inconsistent with information or beliefs previously held about the customer. It can also include anything that appears to be a material change in the nature or purpose of the customer’s business relationship with Company.
A izi69 Compliance Officer
The Company shall appoint an izi69 Compliance Officer, who will be fully responsible for the Company’s program and report to the Board of the Company or a committee thereof any material breaches of the internal izi69 policy and procedures and of the Regulations, codes and standards of good practice. Izi69 Compliance Officer’s responsibilities include:
a) Ensuring the Company’s compliance with the requirements of the Regulations;
b) Establishing and maintaining internal Izi69 program;
c) Establishing an audit function to test its anti-money laundering and combating the financing of terrorism procedures and systems;
d) Training employees to recognize suspicious transactions;
e) Receiving and investigating internal suspicious activity and transaction reports from staff and making reports to the FIU where appropriate;
f) Ensuring that proper Izi69 records are kept;
g) Obtaining and updating international findings concerning countries with inadequate IZI69 systems, laws or measures. Employees All Company employees, managers and directors must be aware of this policy.
All Company employees, managers and directors must be aware of this policy. Employees, managers and directors who are engaged in IZI69 related duties must be suitably vetted. This includes a criminal check done at the time of employment and monitoring during employment. Any violation of this policy or an Izi69 program must be reported in confidence to the Izi69 Compliance Officer, unless the violation implicates the Izi69 Compliance Officer, in which case the employee must report the violation to the Chief Executive Officer.
Employees who work in areas that are susceptible to money laundering or financing terrorism schemes must be trained in how to comply with this policy or the Izi69 program. This includes knowing how to be alert to money laundering and terrorism financing risks and what to do once the risks are identified.
Employee Training Program
The Company provides IZI69 training to employees who will be dealing with customers or will be involved in any Izi69 checking, verification or monitoring processes. The Company may conduct its training internally or hire external third party consultants.
Each person employed within the Company is assigned a supervisor who teaches him or her in relation to all policies, procedures, customer documentation forms and requirements, forex markets, trading platforms, etc. There is a training plan for each new employee and tests which are being held for 2-3 months (depending on level within the business).
The Company’s IZI69 training programme is aimed to ensure its employees to receive appropriate training level with regards to any possible risks.
Development of Internal Regulatory Documents
The Company elaborates internal regulatory documents required for fulfilment of this policy.
These internal regulatory documents determine duties and responsibility of the Company’s structural units and employees, as well as regulates specific actions.
The Company understands that the technical equipment and systems at its disposal should ensure analysis of customers’ transactions in the Izi69 risk prevention process to identify suspicious financial transactions, as well as application of OFAC and other filters and creation of the report database.
As to processing of data obtained in the Izi69 and terrorist financing prevention process, the Company ensures gradual transition to application of an automated system that would provide a comprehensive information volume about customers and updates thereof.
Concent for Personal Data
Hereby I knowingly, freely, voluntarily and in my interest grant my free and unconditional consent for processing including automated my personal data:
• as well as to the partners of Izi69 wealth program .
• to legal entities whom the Company entered into a cooperation agreement.
Giving this consent, I certify that:
• the personal data specified by me in the form fields to be filled out, provided through information and telecommunication networks services, are my current personal data;
• I have acquainted with the documents of the Company, defining its policy with regard to personal data processing.
In case of personal data changing I undertake to provide the Company with relevant personal data.
Personal data, the processing of which the consent is given are : the personal data, given by the subject in the form fields provided through information and telecommunications networks.
Objectives of Personal Data Processing:
• to fulfill the contract, the party of which as either a beneficiary or a guarantor is the personal data subject, as well as to conclude an agreement on the initiative of the personal data subject or a contract, according to which the personal data subject will be the the beneficiary or the guarantor;
• the promotion of goods, works and services of the Company and third parties in the market by making direct contact with the personal data subject by means of communication.
Actions with the personal data on the performance of which the consent is given, including, but not limited to:
collection, recording, systematization, accumulation, storage, clarification (update, modification), extraction, use, transfer (distribution, provision, access), depersonalization, blocking , removal, destruction of personal data.
The period during which the agreement applies:
to achieve the personal data processing purposes by the operator, or to the loss of the need to achieve these purposes.
The procedure for the Consent withdrawal:
this consent may be withdrawn only by submitting a written application to the Company by the personal data subject.
The purpose of this Statement is to provide overall but perhaps more complete information about the risks associated with the implementation of trade in the financial markets to a wide range of stakeholders, and to warn the Client about possible financial losses associated with these risks. Please note that all the information regarding all of the potential risks may not be disclosed in this notice due to the diversity of possible situations.
The Statement is not comprehensive and does not disclose information about all the risks associated with investing into financial instruments.
1. Leverage Effect
1.1. Investment activity with financial instruments has a high degree of risk, as it involves transactions with leverage and may result in the loss of not only the expected return from the invested funds, but also to the loss of invested funds.
For the purposes of this Risk Disclosure Statement in the implementation of financial tools shall mean the possibility of an event entailing or capable to lead to a loss of revenue, or loss of client assets invested. Client is responsible for accounting for all the risks, the use of financial resources and the chosen trading strategy.
2. High volatility of tools
2.1. A number of tools have significant intraday time ranges of price changes, which implies a high probability of both profit and loss trading operations.
3. Operational risk
3.1. The Client assumes the risk of financial losses caused by the failure of information, communication, electrical, electronic and other systems, or due to errors related to the imperfection of the market infrastructure, including operations technology, management procedures and accounting controls, or due to the actions (or inaction) of the staff.
4. Market conditions different from normal
4.1. Client acknowledges that market conditions differ from normal and Client orders processing time may increase.
5.1. The Client assumes the risk of any financial losses caused by the fact that he/she has not received or received with delay any notification from the Company.
5.2. The Client acknowledges that information sent by e-mail (e-mail) in the plaintext is not protected from unauthorized access.
5.3. The Client is solely responsible for maintaining the confidentiality of information received from the Company, and assumes the risk of any financial losses caused by unauthorized access of third parties to his/her trading account.
6. Force majeure
6.1. In case of force majeure, the Client assumes financial loss risks.
7. The prohibitions and restrictions imposed by legislation
7.1. The Client assumes financial and other risks in the case where the execution of operations (and related actions) of the financial markets is limited or prohibited by the legislation of the country of the Client’s permanent residence.
The Company does not guarantee income and does not give any assurances in relation to income from operations carried out by it under the Contract with the Client. The Client shall accept the decision made by the financial market transactions with financial tools, as well as determine the investment strategy.
Transactions in financial markets may result in financial loss; past experience does not determine financial results in the future. Any financial success of others does not guarantee the same results for the Client.
The Client should carefully consider whether the risks associated with conducting operations are acceptable to them, in view of the investment objectives and financial capabilities.
This Risk Disclosure Statement is not intended to force the Client to abandon transactions, but only to help Clients understand the risks of this type of business, to determine their suitability, evaluate their financial goals and opportunities and to approach responsibly to the issue of selecting an appropriate investment strategy.
Privacy and protection of personal information
1. Provision of information by the Client:
1.1. When registering on the Site the Client provides the following information: name, address, email address, password to access the site.
2. Using the information provided by Client and received by Company.
2.1. The Company uses the information:
• for registration of the Client on the Website;
• to fulfill its obligations to the Client;
• for assessment and analysis of the Site;
• to determine the winner in the shares held by the Company.
2.2. The company has the right to send advertising and information messages to the Client.
3. Disclosure of information obtained by the Company:
3.1. The Company undertakes not to disclose the information received from the Client. The provision of information providing by the Company to agents and third parties acting on the basis of an agreement with the Company, to fulfill obligations to the Client is not considered a violation.
3.2. It is not considered a violation to disclose the obligations in accordance with the valid and applicable legal requirements.
4. The Company may use "cookies" technology. "Cookies" do not contain confidential information and are not transferred to third parties.
5. The Company receives information about the Client's ip-address. This information is used to identify the visitor.
6. The Company is not responsible for the information provided by the Client on the Website in a generally accessible form.
Due to increasing incidence of fraud on the Internet, we provide some guidelines to help you ensure the security of your confidential information:
• do not send any confidential information such as your username and password to unauthorized persons;
•Do not respond to emails that ask for your confidential information.
"Cookies" is a small piece of information sent by a web server to store on your computer as a file, so that your web site can retrieve this information at your next address. This file is sent to the web server in the http-request each time when you try to open the relevant page of the site. Cookies may be used on some pages of our website to provide you with a quick and convenient access. If you do not wish to receive Cookies, most Web browsers allow you to block them, permitting you to visit our site without any restrictions at the same time. Cookies are not used to identify visitors to our site.
IZI69 wealth program
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www.izi69.biz is possible only under the following conditions:
1. Obtaining permission to use the materials from the site on the Internet, the media and other information media. For all the use of materials of this site please contact us by e-mail address. 2. Copying and automatical transfer of materials and information from the site is prohibited, as well as changes of the original text to other sources of information and without the consent of IZI69 wealth program.
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