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Anti-Money Laundering (AML) Policy

Money laundering is the illicit process of converting the proceeds of illegal activities, such as terrorism, drug trafficking, arms smuggling, corruption, and human trafficking, into seemingly legitimate assets or investments. This strategy is employed to obfuscate the origins of unlawfully acquired funds, making it difficult to trace their source. The AML/CTF Act pertains to entities offering specific services, referred to as "designated services," with those providing such services termed "reporting entities." This Act adopts a risk-based approach, enabling reporting entities to determine the most effective means of identifying, mitigating, and managing the risk of money laundering and terrorism financing within their business operations.

In the global effort to combat the infiltration of criminal funds into the legitimate economy and thwart the expansion of terrorist activities, countries engage in the battle against money laundering and terrorism financing. Financial institutions are one of the primary channels used for legitimizing proceeds from unlawful activities. The increasing interconnectedness of financial markets and the ease of capital movement have further facilitated the infiltration of criminal funds into these markets. Therefore, MYFX Markets adheres to regulatory measures and implementation programs designed to assist international organisations in the global fight against money laundering and the financing of terrorist activities.

1. MYFX Markets diligently documents and verifies client identification data, maintaining comprehensive transaction records for all client activities.

2. MYFX Markets proactively monitors transactions, particularly those conducted under non-standard circumstances, and is guided by the recommendations of the Financial Action Task Force (FATF) in its AML efforts.

3. MYFX Markets does not accept or disburse cash deposits under any circumstances.

4. MYFX Markets retains the right to decline any transaction believed to be linked, in any way, to money laundering or criminal activities at any stage. In accordance with international law, MYFX Markets is not obligated to inform the client that their suspicious activities have been reported to the relevant authorities.

MYFX Markets is committed to regularly updating its electronic surveillance system for identifying suspicious transactions and verifying client identification records in compliance with new regulations as they are enacted. The company also provides ongoing training for its employees to ensure compliance with evolving anti-money laundering procedures mandated by new regulations.

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General Risk Warning  
Trading Forex and other leveraged financial products carries a high level of risk and may not be suitable for all investors. These products can lead to losses that exceed your initial investment. You should carefully consider your investment objectives, level of experience, and risk appetite before engaging in such activities. If necessary, we recommend seeking independent financial advice.

Legal Information 
MYFX Markets is a trading name of MYFX Group (Union of Comoros) (hereinafter “MYFX Markets”), a financial services provider registered in the Union of Comoros with its registered office at Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros. The company is licensed and regulated by the Union of Comoros Offshore Finance Authority under License Number L15835/MYFX. MYFX Markets operates via the domain www.myfxmarkets.com.   

MYFX Group Limited is a company incorporated in Seychelles under incorporation number 8435863-1. It is an affiliated entity to MYFX Markets and currently does not operate under the domain www.myfxmarkets.com. MYFX Group Limited does not provide any financial services on behalf of MYFX Markets. Its business office is located at IMAD Complex, Office 6, 1st Floor, Ile Du Port, Mahé, Seychelles. The company is authorized and regulated by the Financial Services Authority (FSA) of Seychelles under License Number SD202. MYFX Group Limited operates under the domain myfx.group. 
Restricted Jurisdictions 
MYFX Markets does not provide services to residents or citizens of certain jurisdictions, including but not limited to: 
the United States, Australia, Canada, Japan, the European Union, the Islamic Republic of Iran, North Korea, Belize, and Russia. 

Additional restrictions may apply to persons located in or associated with: 
Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Malta, Mauritius, Myanmar, Nicaragua, Panama, Senegal, South Sudan, Syria, Yemen, and Zimbabwe. 

This website is not intended for use in any jurisdiction where such use would be contrary to local laws or regulations. It is the sole responsibility of each visitor to ensure compliance with applicable laws in their respective country. Access to our services is strictly limited to individuals who are at least 18 years old or of legal age as determined by the laws of their country of residence. 

Notice for Japanese Residents 
MYFX Markets is not regulated by the Japan Financial Services Agency (JFSA) and does not offer or solicit financial products or services within Japan. This website is not directed at, or intended for use by, residents of Japan.