AML & KYC Policy
Anti-money laundering, counter-terrorist financing, and client due diligence.
1. Purpose
SIYAM FX Ltd is committed to preventing money laundering (ML), terrorist financing (TF), and sanctions evasion. This AML & KYC Policy describes how we identify clients, verify identity, monitor activity, and report suspicious matters in line with applicable laws in SIYAM FX Ltd's operating jurisdictions.
Last updated: May 28, 2026
2. Client due diligence (CDD)
- Government-issued photo ID and proof of address (dated within required period).
- Verification of beneficial owners for corporate accounts.
- Source of funds / wealth declarations where risk profile requires.
- Screening against sanctions, PEP, and adverse media lists.
3. Ongoing monitoring
We monitor transactions and account behaviour for unusual patterns. We may request updated documents periodically or upon trigger events (large deposits, jurisdiction change, etc.).
4. Automated & manual review
Document checks may include automated scoring with compliance officer review. Automated approval does not remove our obligation to conduct enhanced due diligence where required.
5. Prohibited activities
- Third-party payments without approved third-party funding arrangements.
- Structuring deposits to avoid reporting thresholds.
- Use of services for illicit purposes or in breach of sanctions.
6. Reporting
We file suspicious activity reports to relevant authorities without notifying you where the law prohibits tipping-off.
