Question 1

AML Policies

Accepted Answer

TX Global Limited is committed to the highest standards of compliance against money laundering (AML) and anti-terrorist financing (CTF). The objective of the Company's Policy against Money Laundering and Terrorism Financing is to actively prevent the risks of these matters. To help the government combat the financing of terrorism and money laundering activities, the law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. We have an obligation to report suspicious client activity relevant to money laundering.
Money Laundering: The process of converting funds received from illegal activities (such as fraud, corruption, terrorism, etc.) into other funds or investments that appear legitimate to hide or distort the actual source of funds.

The money laundering process can be divided into three sequential stages:
Placement: Funds are turned into financial instruments, such as checks, bank accounts, and money transfers, or used to buy high-value goods that can be resold. They may be physically deposited in banks and non-bank institutions (e.g., exchange houses). To avoid suspicion, the launderer may make several smaller deposits—this method is called smurfing.
Layering: Funds are transferred or moved to other accounts and financial instruments to disguise their origin and disrupt the traceability of the transactions.
Integration: Funds are re-circulated as legitimate to purchase goods and services.
TX Global Limited adheres to the principles of Anti-Money Laundering and actively prevents any action that targets or facilitates the legalization of illegally obtained funds. The AML policy aims to prevent the use of the company's services by criminals for money laundering, terrorist financing, or other criminal activity.
To prevent money laundering, TX Global Limited does not accept or pay in cash under any circumstances. The company reserves the right to suspend the operation of any client account deemed illegal or suspicious by staff.

Question 2

Company Procedures

Accepted Answer

TX Global Limited ensures that each client is a real or legal person. The company performs all necessary measures in accordance with applicable laws and regulations issued by monetary authorities. AML compliance within FX operations of TX Global Limited includes:
Know Your Client (KYC) policy and due diligence
Monitoring customer activity
Registry maintenance

Question 3

Know Your Customer

Accepted Answer

Due to TX Global Limited’s commitment to AML and KYC policies, each customer must complete a verification procedure. Before initiating cooperation, the company ensures satisfactory evidence or measures are taken to verify the identity of any client or counterparty. Enhanced scrutiny is applied to clients from countries identified by credible sources as having inadequate AML standards or posing high risks of crime and corruption.

Question 4

Individual Clients

Accepted Answer

During registration, each client provides:
Full name
Birthdate
Country of origin
Full residential address
Required documents:
Valid passport (photo and signature page)
Driving license with photograph
National identity card (front and back)
Proof of current permanent address (e.g., utility bills, bank statements) dated within the last 3 months
Documents in non-Latin characters must be accompanied by a notarized English translation.

Question 5

Corporate Clients

Accepted Answer

If the applicant company is listed on a recognized stock exchange or is a verified subsidiary, no further identity verification is typically required. Otherwise, the following documents must be provided:
Certificate of incorporation or national equivalent
Memorandum and Articles of Association
Certificate of good standing or proof of registered address
Board resolution to open an account and authorize operators
Powers of attorney or other authorities granted by directors
Proof of identity of directors dealing with TX Global Limited
Proof of identity of beneficial owners or controlling person

Question 6

Tracking Customer Activity

Accepted Answer

TX Global Limited monitors customer activity to identify and prevent suspicious transactions—those inconsistent with the customer’s legitimate business or transaction history. A transaction monitoring system (automatic and manual) is in place to prevent misuse of services.

Question 7

Registry Maintenance

Accepted Answer

Records of transaction data, identification documents, and AML-related files (e.g., suspicious activity reports) are maintained for at least 7 years after account closure.

Question 8

Measures Taken

Accepted Answer

If TX Global Limited suspects a transaction is related to money laundering or criminal activity, it will act in accordance with applicable law and report to the regulatory authority. The company reserves the right to suspend or terminate any client account deemed suspicious or illegal.

KYC / AML Policies

At TX Global Limited, we take financial integrity seriously. Our Anti-Money Laundering (AML) policies are designed to protect our clients, our company, and the broader financial system from illegal activities like fraud, corruption, and terrorism financing

Frequently asked questions