AML Policy

1. Overview

XM GLOBAL is committed to preventing money laundering and terrorist financing. We strictly adhere to international standards and local regulations, including the 5th and 6th Anti-Money Laundering Directives.

2. Customer Identification (KYC)

  • Every client must undergo a verification process.
  • We require valid government-issued ID and proof of residence.
  • We verify the identity of the ultimate beneficial owners of corporate accounts.
  • We conduct Enhanced Due Diligence (EDD) for high-risk clients, including Politically Exposed Persons (PEPs).

3. Source of Funds

We may require documentation to verify the source of funds and the source of wealth of our clients to ensure they are derived from legitimate activities.

4. Transaction Monitoring

  • We use automated systems to monitor transactions for suspicious patterns.
  • We prohibit cash deposits and third-party payments.
  • All withdrawals must be sent to the same account from which the deposit originated.

5. Reporting and Compliance

  • We report suspicious activities to the relevant Financial Intelligence Units (FIU) without notifying the client ("no tipping-off" rule).
  • We maintain comprehensive records of all transactions and identification data for at least five years after the relationship ends.

6. Staff Training and Culture

Our employees receive regular training to recognize and handle potential money laundering activities effectively. We maintain a strong culture of compliance across all levels of the organization.