Anti-Money Laundering (AML) Policy
Oxarta does not tolerate money laundering and actively supports the fight against financial crime. We strictly follow international anti-money laundering (AML) standards, including guidelines from the Financial Action Task Force (FATF) and applicable national regulations.
Our AML Policy Includes:
Ensuring all clients provide valid proof of identification.
Maintaining detailed records of identification information.
Verifying that clients are not listed as known or suspected terrorists.
Informing clients that the information provided may be used for identity verification.
Closely monitoring all transactions made through client accounts.
Prohibiting cash deposits, money orders, third-party transfers, exchange house transfers, or Western Union transfers.
What is Money Laundering?
Money laundering is the process of concealing the origin of illegally obtained funds so they appear to come from legitimate sources. It typically occurs in three stages:
Placement — introducing illicit funds into the financial system.
Layering — transferring funds through various transactions to obscure their source.
Integration — reintroducing funds into the economy as legitimate assets.
Trading accounts can be misused for money laundering or to hide the true ownership of funds. Oxarta takes preventive measures by directing withdrawals back to the original funding source.
International Compliance
Global AML laws require financial institutions to be aware of possible money laundering risks and to maintain a compliance program that detects, deters, and reports suspicious activity. These measures are designed to protect Oxarta and its clients.
For any questions regarding this policy, contact us at support@oxarta.com.
Identification Requirements
The first safeguard against money laundering is strict Know Your Customer (KYC) verification. To comply with AML standards, we require:
Proof of Identification — a valid government-issued photo ID (passport, driver’s license, or national ID card).
Proof of Residence — an official document issued within the last 3 months showing your full name, address, and issuing authority. Acceptable documents include a utility bill or bank statement.
Credit/Debit Card Copy — only the last 4 digits of the card must be visible, with the CVV code covered.
In certain countries, additional documentation may be required.
Monitoring
We do not accept third-party payments. All deposits must be made in the same name as the trading account holder. All withdrawals will be returned to the original source of funds only.
We do not accept cash deposits or issue cash withdrawals under any circumstances.
Reporting
Oxarta is legally obligated to monitor, track, and report any suspicious transactions to relevant law enforcement authorities. We reserve the right to reject or block any transaction if we suspect it may be linked to criminal activity.
Due to legal restrictions, we cannot inform clients if such a report has been filed.