Anti-Money Laundering & Know YourCustomer Policy

Anti Money Laundering & Know Your Customer Policy

Anti-Money Laundering & Know Your Customer Policy
1. Introduction
midorifx.com operates under the brand name of Midori FX (Pty) Ltd, registered in South
Africa under registration number 2023/526901/07 and regulated by the Financial Sector
Conduct Authority under license number 53077.
2. Scope
2.1. The Anti-Money Laundering & Know Your Customer Policy (the ‘Policy’) is provided by
the Company to Clients and Partners, outlining rules and procedures for compliance with AntiMoney Laundering and Terrorist Financing laws (“AML/CFT Laws”) and Know-Your-Client("KYC”) requirements.
3. Anti-Money Laundering (AML) Policy
3.1. The Company is dedicated to preventing money laundering and terrorist financing.
Measures include client/partner identification through official documents, verification of
permanent addresses, transaction monitoring, and reporting suspicious activities to relevant
authorities.
3.2. The Company ensures staff awareness of legal obligations, provides training in AML/CFTlaws, KYC procedures, and conducts thorough investigations of suspicious activities.
4. Know Your Customer (KYC) Procedures
4.1. Clients and Partners must submit Verification Documents for proof of identity, address,and payment method. The Company may request additional information as necessary.
4.2. All documents must be valid, clear, and meet specific criteria. Failure to comply may resultin account restrictions or termination.
4.3. The Company assesses business relationships, constructs economic profiles, and reserves
the right to request proof of source of funds.
4.4. Principles include not accepting clients engaged in illegal or unethical activities, requiring
informed judgment, and conducting due diligence on potential clients/partners.
4.5. Verification process initiates for deposits exceeding $5,000. Failure to provide
Verification Documents may result in account actions.
4.6. Partners must complete verification before participating in the Partners Program.
4.7. Eligibility for withdrawals requires approved Verification Documents.
2|PageMidori FX (Pty) Ltd is an Authorised Financial Services Provider registered and existing in the Republic of South Africa underregistration number 2023/526901/07 and regulated by the Financial Sector Conduct Authority under license number 53077,pursuant the Financial Intermediary and Services Act 37 of 2002 (“FAIS’).

Anti Money Laundering & Know Your Customer Policy

4.8. Non-compliance may lead to account termination, profit nullification, or other measures.
4.9. Additional documents may be requested during the business relationship.
4.10. The Company disclaims liability for delays due to pending Verification Documents.
4.11. Clients/Partners must provide accurate information, update changes, and breachconsequences apply.
4.12. Information may be disclosed as required by law, regulatory authorities, fraud prevention,or defense of legal rights.
4.13. Company retains data for seven years after terminating the business relationship.
4.2 Verification Documents
Proof of Identity
For individuals:
i. Provide proof of identity, which may include a copy of the national identification card,
driver's license, or passport (front and back) issued within the last 10 years.
For legal entities:
i. Submit a recent (up to 3 months) Certificate of Good Standing or a recent (up to 3months) Bank Statement in the name of the legal entity.
ii. Provide recent (up to 6 months) Corporate Documents, including the Certificate ofIncorporation, Certificate of Directors, Certificate of Shareholders, and Certificate ofRegistered Address.
iii. Include the Memorandum and Articles of Association of the Company.
iv. Present the Resolution of the Board of Directors for opening the account and granting
authority to those managing it.
v. Submit the Declaration of the Ultimate Beneficial Owner.
vi. Furnish proof of identity for all Company Directors, Ultimate Beneficial Owners(UBOs) holding more than 10%, and the Account Manager.
vii. Provide proof of address for all Company Directors, UBOs (holding more than 10%),and the Account Manager.

Proof of Addressi. Include a utility bill (electricity, water, gas, landline phone, TV/internet), local authority
tax bill, property tax, municipality fees, or home insurance documents. This should contain

3|PageMidori FX (Pty) Ltd is an Authorised Financial Services Provider registered and existing in the Republic of South Africa underregistration number 2023/526901/07 and regulated by the Financial Sector Conduct Authority under license number 53077,
pursuant the Financial Intermediary and Services Act 37 of 2002 (“FAIS’).

Anti Money Laundering & Know Your Customer Policy

the full name, residential address, issuing institution/authority, and issue date, with avalidity of up to 6 months.
ii. Submit a bank statement/bank confirmation indicating full name, residential address,bank logo or clear stamp, and issue date (valid for up to 6 months).
iii. Attach a certificate of residence issued by the local municipality, police station, etc.,with full name, residential address, issuing authority, and clear stamp (valid for up to 6months).
iv. Provide an affidavit indicating full name, residential address, signature, and stamp of
the public notary or government official. Alternatively, any other government-issued
document with the specified information can be submitted.

5. Transaction Monitoring
5.1. Electronic monitoring detects and analyses transactions, creating a comprehensive client
profile for risk assessment.
5.2. Monitoring includes deposits, withdrawals, wire transfers, and account trading, withenhanced due diligence measures for significant deviations.
5.3. The Company may request additional documents based on monitoring findings.
Note: Please ensure that any specific details or legal language required are properly addressedin the final document.

4|PageMidori FX (Pty) Ltd is an Authorised Financial Services Provider registered and existing in the Republic of South Africa underregistration number 2023/526901/07 and regulated by the Financial Sector Conduct Authority under license number 53077,
pursuant the Financial Intermediary and Services Act 37 of 2002 (“FAIS’).