Anti-Money Laundering

Mining Chain Services is required to comply with the anti-money laundering and counter-terrorism global and international legislation. By applying for an account with apollofinances.com, you agree to the following terms:

• You are not aware and have no reason to suspect that the money used to fund your account with apollofinances.com has been or will be derived from or related to any money laundering or criminal activity.
• You agree to provide us with all information and documents that we reasonably request to comply with all applicable laws and regulations regarding anti-money laundering.
• It is not allowed to transfer funds between different entities.
• Withdrawals must be made to the same bank account the money was deposited from (to prevent money transfer between different entities' bank accounts through apollofinances.com) and in the same currency (to prevent currency changes through apollofinances.com).
• If the original account is no longer available, funds may be transferred to a different account of the same entity (you will need to get a copy of a check or other instrument proving the new account ownership) in the same currency and into the same country the original deposit was made from.
• One can NOT deposit from a company he owns to his personal trading account and vice versa.
• One cannot get deposits from his brother/mother/another relative bank account; unless that relative joins the trading account (signs the trade agreement).
• A client cannot transfer funds between trading accounts not under his own name.

Mining Chain Service adheres to the principles of Anti-Money Laundering and actively prevents any actions that aim or facilitate the process of legalizing of illegally gained funds. AML policy means preventing the use of the company’s services by criminals, with the aim of money laundering, terrorist financing or other criminal activity.

To prevent money laundering, Mining Chain Service neither accepts nor pays cash under any circumstances. The company reserves the right to suspend any client’s operation, which can be regarded as illegal or, may be related to money laundering in the opinion of the staff.

Company Procedures

Mining Chain Services will make sure that it is dealing with a real person. Mining Chain Service also performs all the required measures in accordance with applicable law and regulations, issued by monetary authorities. The AML policy is being fulfilled within Mining Chain Services by means of the following:

• Know your customer policy and due diligence
• Monitoring of client activity
• Record keeping

Know Your Customer and Due Diligence

Because of the company’s commitment to the AML and KYC policies, each client of the company has to finish a verification procedure. Before Mining Chain Services starts any cooperation with the client, the company ensures that satisfactory evidence is produced or such other measures that will produce satisfactory evidence of the identity of any customer or counterparty are taken. The company as well applies heightened scrutiny to clients, who are residents of other countries, identified by credible sources as countries, having inadequate AML standards or that may represent a high risk for crime and corruption and to beneficial owners who resides in and whose funds are sourced from named countries.

Individual clients

During the process of registration, each client provides personal information, specifically: full name; date of birth; country of origin; and complete residential address. The following documents are required in order to verify the personal information: A client sends the following documents (in case the documents are written in non-Latin characters: to avoid any delays in the verification process, it is necessary to provide a notarized translation of the document in English) because of the requirements of KYC and to confirm the indicated information:

• Current valid passport (showing the first page of the local or international passport, where the photo and the signature are clearly visible); or
• Driving licence which bears a photograph; or
• National identity card (showing both front and back pages);
• Documents proving current permanent address (such as utility bills, bank statements, etc.) containing the client’s full name and place of residence. These documents should not be older than 3 months from the date of filing.
• All initial withdrawal requests must be verified for safety and security by provision of a bank statement; which includes account holder information and bank details. Mining Chain Services will not accept deposits or withdrawals made under a different name to the registered Mining Chain Services.
• If a trading account was credited in a way that cannot be used for funds withdrawal, the funds may be withdrawn to a bank account under the same name as the trading account name with Mining Chain Services as long as the client provides satisfactory evidence of the ownership of bank account where the funds originated from as well as the destination bank account.

Measures taken

In cases of an attempt to execute transactions which Mining Chain Services suspects that are related to money laundering or other criminal activity, it will proceed in accordance with the applicable law and report suspicious activity to regulating authority.

Mining Chain Services reserves the right to suspend any client’s operation, which can be regarded as illegal or may be related to money laundering in the opinion of the staff. Mining Chain Services has complete discretion to temporarily block the suspicious client account or terminate an existing client relationship.