Anti-money laundering policy

Anti-Money Laundering Policy

1. Money laundering refers to the behavior of individuals trying to cover up illegal income and the proceeds through various means, conceal their source and nature, and make it legal in form. Generally speaking, money laundering involves any financial transaction:

1.1 Use illegally obtained funds.

1.2 Carry out activities that promote or conceal a crime.

2. Money laundering is highly regulated by international law. Therefore, CFE follows the following "Anti-Money Laundering Code of Conduct" to avoid being sanctioned by future legal procedures.

3. Criminals risk taking advantage of the deposit/withdrawal procedures provided by the company and take the opportunity to claim to the legislative department and taxpayers that the funds are their legitimate rights and interests derived from the foreign exchange market.

4. For example - the company allows one entity to deposit funds into the trading account of another entity, then the entity with the trading account can withdraw the funds and transfer them to its own bank account and call it its own income. This will lead to inconsistencies in the flow of funds between depositing entities and withdrawing entities. Criminals may use this method to move funds undetected by law enforcement and conceal the true origin of the funds. This example also applies to the transfer of transaction amounts between different trading accounts with different constitutions.

5. To prevent the company from being suspected of money laundering activities, the company’s basic principle is to prohibit fund transfers between different entities. To do this, the CFE must implement a KCY ("Customer Identification") procedure.