Anti-Money Laundering Policy

Money laundering is an act of engaging in such financial transactions where money gained from illegal activities is converted into money which appears to be gained through legal means. The objective of this act is to conceal the illegitimate identity of any monetary instrument including cash amounts. That is why national and international laws make it illegal for Billion FX Asia and its employees to be knowingly or recklessly engaged in any activity related to such illegally gained capital.

Implemented Procedures

Billion FX Asia implements a strong anti-laundering policy to ensure that its customers will be identified for such suspicions up to a certain standard to minimize the procedural complications for genuine and legitimate customers. In order to fulfil its commitment to provide full assistance to governments combating against such illegal financial transactions, Billion FX Asia has developed a technologically advanced and reliable electronic system, which completely verifies its client identity and is able to maintain a detailed record of all previous financial transactions. Billion FX Asia makes sure to track all suspicious activities and report any these to the relevant law enforcement bodies. That is why complete legal protection is provided to clients who share confidential financial data with the company. To discourage money laundering and related illegal activities Billion FX Asia does not deal in cash transactions whether to deposit or withdraw funds. Our company reserves the right to suspend any transaction where it finds even a suspicion of money laundering.

Compliance Regime

Like other financial institutions Billion FX Asia has also set up a compliance regime in order to fulfil its formal legal requirements. This includes the appointment of a Compliance Officer, policy making, regular review of their implementation and impact and professional compliance training to regime staff members. Billion FX Asia also ensures regular updating of its electronic systems to modern rules and regulations developed for more sophisticated checks to trace money laundering and other criminal financial practices. Professional training is provided for Billion FX Asia’s employees to trace such illegal activities and to use modern technological systems, which constitutes part of Billion FX Asia’s essential policies.

Additional Disclosure

In order to fully comply with anti-money laundering laws, Billion FX Asia demands two kinds of documents for the satisfactory identification and verification of customers' account. The first one is a government issued document with a photo of the customer on it. It can be a passport, driving license or regular ID card which must be issued by the government. The second one is any bill or document with the complete name and address information on it. It can be a utility bill, bank statement, affidavit or any other type of bill which contains the correct personal information (name and address). The proof of address must not be more than 3 months old. Moreover, Billion FX Asia requires an electronic signed application form submission. Customers are also required to inform Billion FX Asia if there are any changes to their personal information. In case documents are in a non-western language, they must first be translated into English by any official translator and this translated copy must be duly signed and stamped by that translator and submitted along with other related documents and clients' photo on it

Deposits and Withdrawals

In case of money deposits the sender name must match the name of customer present in Billion FX Asia record. No third party mediation is allowed in this case so Mr. A cannot deposit money from his name for Mr. B. Similarly, in case of a money withdrawal, the recipient’s name must match the name of the account holder they are withdrawing money from. If the transaction is online money, then funds will only be withdrawn through same online transfer system to the same account from where it has been transferred.

Read risk disclosure before trading Forex/CFDs.

Forex/CFD trading involves substantial risk of loss and is not suitable for all investors.

High Risk Warning Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

Advisory Warning Billion FX Asia provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and Billion FX Asia specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Billion FX Asia expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Billion FX Asia does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea and listed / relevant parties of Consolidated United Nations Security Council Sanctions Lists

Company Profile

Company name : Billion FX Asia

Adrdress : P.O.Box933 Road Town Tortola British Virgin Islands

Contact information :

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