Terms & Conditions

1. GENERAL DEFINITION

Money laundering is the act of converting money or other material values gained from illegal activity (terrorism, drug dealing, illegal arms trade, corruption, human traffic and etc.) into money or investments that appear to be legitimate. Such activity is used so that the illegal source of money and other material values cannot be traced.

2. POLICY STATEMENT AND PRINCIPLES

Fame Markets LLC (hereinafter called the "Company") is an entity incorporated under the International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent of the Grenadines, 2009, with the following registrations: Company Number 559 LLC 2020.

The Company has adopted a programme that complies with the AML/CTF Act. This policy applies to all The Company officers, employees, appointed producers and products and services from The Company.

All business units and locations within The Company will cooperate to create a cohesive effort in the fight against money laundering. Each business unit and location has implemented risk-based procedures reasonably expected to prevent, detect and cause the reporting of transactions required under the International Anti Money Laundering Law.

All efforts exerted will be documented and retained in accordance with the Anti-Money laundering law. The AML Compliance Committee is responsible for initiating Suspicious Activity Reports (“SARs”) or other required reporting to the appropriate law enforcement or regulatory agencies. Any contacts by law enforcement or regulatory agencies related to the Policy shall be directed to the AML Compliance Committee.

3. POLICY

It is the policy of The Company to prohibit and actively pursue the prevention of money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities. The Company is committed to AML compliance in accordance with applicable law and requires its officers, employees and appointed producers to adhere to these standards in preventing the use of its products and services for money laundering purposes.

4. CUSTOMER INFORMATION IDENTIFICATION

In verifying customer identity, appointed compliance officers shall review photo identification. The Company shall not attempt to determine whether the document that the customer has provided for identification has been validly issued.

For verification purposes, The Company shall rely on a government-issued identification to establish a customer’s identity. The Company, however, will analyse the information provided to determine if there are any logical inconsistencies in the information obtained.

The Company will document its verification, including all identifying information provided by the customer, the methods used and results of the verification, including but not limited to sign-off by the appointed producer of matching photo identification.

If a customer either refuses to provide the information described above when requested, or appears to have intentionally provided misleading information, the appointed agent shall notify the chief compliance manager. The Company will thereafter decline the application.

5. PREVENTION OF THIRD PARTY FUNDING, TRANSFER AND WITHDRAWAL

The Company strictly does not allow third party funding. Any funds coming to the account must come from the same account holder.

The Company strictly does not allow transfer of trading funds between different trading accounts belonging to different account holders. This is to prevent the possibility of money laundering.

The Company strictly implements the policy in which withdrawals must be performed only through the same bank account, credit/debit card or digital wallets that client used to deposit the funds. All client withdrawal requests shall be processed in the currency in which the deposit was originally made.

6. MONITORING AND REPORTING SUSPICIOUS ACTIVITY

The Company collects and verifies identification data of the Client and also logs and tracks itemized statements of all transactions carried out by the Client.

If The Company tracks suspicious transactions of the clients and transactions executed under nonstandard conditions. The Company performs its anti-money laundering compliance on the basis of AML/FATF recommendations.

The Company neither accepts cash deposits nor disburses cash under any circumstances.

In addition, any wire deposit of USD 200,000 and above may be subjected to approval prior to acceptance of fund. The Client may be required to complete an ECDD (Enhance Customer Due Diligence) form. If approval is not given, fund may be rejected and returned, and applicable charges are borne by the Client.

The Company reserves the right to refuse to process a transaction at any stage, when it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international law, The Company is not obligated to inform the client that they were reported to the corresponding governing bodies due to client’s suspicious activity.

7. RESTRICTED COUNTRIES

8. RELEVANT DEPARTMENT

Customer Service Department Email:

support@famemarkets.com

1. WHAT IS KYC?

2. WHAT IS THE COMPANY’S KYC VERIFICATION PROCESS?

To fulfill the necessary KYC verification process, the Company will require Customers to provide a copy of certain valid identification documents. This request will be communicated to the client via the email address registered with the Company’s website at https://famemarkets.com

Verification documents must be uploaded at the client portal.

We may contact you via your registered telephone details or email to further facilitate the verification process, if it is necessary.

3. WHY AM I BEING ASKED TO UNDERGO KYC VERIFICATION PROCESS?

You will be required to undergo our KYC verification process as a result of:

a)You updating certain personal information on your Profile;
b)Lack of certain information relating to you, your trading account or your transaction(s) with the  Company;
c)Discrepancy(ies) or inconsistency(ies) of information relating to you, your trading account or your transaction(s) with the Company;
d)Promotional claims;
e)Certain activity levels or thresholds being triggered; or
f)Our routine or random checking Notwithstanding the above, the Company reserves the right to perform KYC verification on any of our Customers as and when we deem necessary or appropriate.

4. WHAT DOCUMENTS DO I NEED TO PROVIDE FOR KYC VERIFICATION?

You may be required to provide us with a copy of a document from each of the following categories when requested:

a) Proof of Identity (POI). The document should show your photo, name and date of birth.
      i. National Identification Card (front and back copy)
     ii. Driver's License (front and back copy)
    iii.Passport
    iv. Armed Forces ID Card (front and back copy)
     v. Known Employer ID Card (front and back copy)
    vi. Other Identification Card issued by government/ known government agency/ body (front and              back copy)

b) Proof of Residence (POR). The document should show your name, address and date that is not older than 180 days from date of application.
       i. Utility Bill (Mobile phone bill is not accepted)
      ii. Bank Account Statement / Credit Card Statement from a recognised bank
      iii.Council Tax Bill
      iv.Mortgage Statement from a recognised lender

For corporate traders and corporate introducing brokers the following documents are required:

• For directors:

   a) A clear colour copy of valid passport or other government issued photo identification;
   b) Proof of residence issued within the preceding 6 months of presentation, such as a driver licence, utility bill, bank statement or credit card statement;

• Company documents:

   a) Certificate of incorporation b) List of present directors and shareholders
   b) Advice of registered office and address for service

PLEASE NOTE:

The documents must be clear and legible. Scan or capture the full document.

The documents must be valid or recent (not older than 180 days) showing your full name, address, and document validity date. Regrettably, documents addressed to PO Box number are unacceptable for validation.

You may be asked to send additional supporting documents such as Birth Certificate, Visa or Entry Permit, etc. due to missing information or discrepancies.

If the information in your documents is stated in foreign language, it would be helpful if you could directly provide us with its English translation. Upload the documents at the client portal using your log-in account credentials at https://famemarkets.com