Prevention of Money Laundering

1. Definition of Money Laundering

Money laundering is the process of making the ownership, use, or disposal of money or property obtained through criminal activity appear legal. Terrorism financing is the provision or collection of funds with the knowledge that they will be used to plan or carry out terrorist acts or to support a criminal organization. Individuals who obtain income illegally attempt to legitimize these funds in various ways, including using someone else’s personal data, which creates problems for those who have become victims of fraud without participating in criminal activity.

2. Laws Against Money Laundering

To prevent money laundering, organizations that deal with cash and property are required to comply with laws aimed at combating this process. This includes verifying the identity of clients and cooperating with government agencies in the fight against money laundering. GRANDE Club strictly adheres to laws aimed at preventing money laundering and terrorism financing.

3. Client Identity Verification Procedure

In accordance with client identification laws, GRANDE Club conducts checks during registration and the execution of non-trade operations. Personal data may be requested for client identification, which is verified by our verification system. This process may take several business days.

4. Compliance with the Privacy Agreement

All collected personal data is processed in accordance with the Privacy Agreement. The identification procedure is conducted to comply with laws against money laundering and terrorism financing, not due to suspicions of illegal activity. Your cooperation is essential for the successful fight against these phenomena.