Anti-Money Laundering (AML) Policy

1. Purpose

This AML Policy establishes procedures to detect, prevent, and report suspicious activities that may involve money-laundering or the financing of terrorism.

2. Legal Compliance

PrimeWave FX operates in accordance with international AML laws and regulations, including FATF recommendations and applicable financial directives within jurisdictions of operation.

3. Client Identification (KYC)

• Clients must provide valid identification and proof of address before account activation.
• All documents are verified for authenticity and compliance with regulatory standards.
• Enhanced Due Diligence (EDD) is applied where higher-risk activities are detected.

4. Transaction Monitoring

All client transactions are continuously monitored to identify patterns or activities inconsistent with declared trading behavior. Automated alerts and manual reviews ensure prompt escalation.

5. Suspicious Activity Reporting

Any unusual or suspicious activity is documented and reported to the relevant financial intelligence unit (FIU) as required by law. PrimeWave FX maintains confidentiality during investigations.

6. Record Keeping

Client identification and transactional data are securely retained for a minimum of five years after account closure, ensuring traceability for regulatory audits.

7. Staff Training

All employees undergo regular AML and compliance training to stay informed on evolving risks, typologies, and reporting obligations.

8. Prohibited Activities

• Use of PrimeWave FX services for laundering illicit funds.
• Structuring or smurfing to evade reporting thresholds.
• Participation in terrorist financing or sanctioned-entity transactions.

9. Reporting Obligations

PrimeWave FX cooperates fully with competent authorities, providing timely reports and assistance during any AML investigation.

10. Policy Review

This AML Policy is reviewed annually to ensure alignment with global compliance standards and regulatory updates.