NoaPrime does not tolerate money laundering and supports the fight against money launderers. NoaPrime has policies in place to deter people from laundering money.
Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system. It is moved in such a way as to make it appear that the funds have come from legitimate sources.
Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute financial transactions that help obscure the origins of the funds. NoaPrime directs fund withdrawals back to the original source of remittance as a preventative measure.
International Anti-money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account, and implement a compliance program to deter, detect and report potential suspicious activity.
These guidelines have been implemented to protect NoaPrime and its clients.
For questions/comments regarding these guidelines, contact NoaPrime Compliance at email@example.com.