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AML Policy

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Money laundering is the act of converting money or other monetary instruments gained from illegal activity into money or investments that appear to be legitimate, so that any illegal source cannot be traced. Domestic and international laws that apply to companies, the customers of which can deposit and withdraw funds from their accounts, make it illegal for TGIFX COMMERCIAL BROKERS LLC   or its employees, or agents, to knowingly engage or attempt to engage in a monetary transaction of criminally derived property.
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IMPLEMENTED PROCEDURES
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The objective of the Anti-Money laundering procedures that TGIFX COMMERCIAL BROKERS LLC   implements is to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers. TGIFX COMMERCIAL BROKERS LLC   is committed to assisting governments to combat the threat of money laundering and financing of terrorist activities around the world. For this purpose, TGIFX COMMERCIAL BROKERS LLC   has established a highly sophisticated electronic system. This system documents and verifies client identification records and tracks, and maintains detailed records of all transactions.
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Company carefully tracks suspicious and significant transaction activities, and reports such activities ‘providing timely and comprehensive information’ to law enforcement bodies. To uphold the integrity of reporting systems and to safeguard businesses, the legislative framework provides legal protection to those, who provide such information.
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In order to minimize the risk of money laundering and financing terrorist activities, company neither accepts cash deposits nor disburses cash under any circumstances. Company reserves the right to refuse to process a transfer at any stage, if it believes the transfer is connected in any way to money laundering or criminal activity. The company is prohibited from informing the customers if they have been reported for suspicious activity.

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KYC Policy

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In order to start trading with us, your account must be verified.
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You can upload your documents via the ‘members section’ on the website or if you prefer you can email your documents directly to us here at: info@tgifx.ae

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The documents that are required in order to verify your account are as follows:
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    1. Proof of Identification. A color copy of a valid passport, driver’s license or identity card. The document must be valid and contain your full name, an expiry date, your place and date of birth, your signature, as well as a recent photograph.
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    2. Proof of Address. A recent utility bill (electricity, phone, water, gas) or bank statement dated within the last 3 months, confirming your registered address. Ensure that your name, address, issue date and the name of the company issuing the bill/statement is clearly visible and in full page scan.
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      * Please note that the following document cannot be accepted:
      • Documents enclosed in envelopes or folded
      • online /electronic documents.
      • Documents with low-resolution
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  1. A copy of the back & front sides of each credit card you are using to make deposits in your trading account(s) with TGIFX Commercial Brokers LLC. Your name, expire date, last 4 digits and signature must be clearly visible.
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You may blank out the first 12 digits of your card number on the front of your card, as well the 3 digits security code on the back of the card, in order to protect your personal information.
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In addition to the documents requested, your Account Manager will call you and complete the verification procedure. Please make sure that the phone number you have provided during registration is typed correctly.
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To ensure you receive the highest service available and for your transactions to be handled as high-priority, please make sure your account and deposit information comply with our Terms and Conditions and are updated accordingly.
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Once all requirements have been met, your account will be activated and you will be able to start trading. If you require any assistance regarding verification procedure, please feel free to contact us in our live chat.