AML Policy

1Our Commitment

Equity IB takes a zero-tolerance approach to money laundering, financial crime and terrorist financing. We are committed to ensuring that our platform and partner relationships are not used, directly or indirectly, to facilitate financial crime. All IB partners, employees and representatives are expected to comply fully with this policy.

This AML Policy applies to all aspects of our IB partner programme, including applications, payment processing and ongoing account management.

2Scope

This policy applies to all individuals and entities who apply for or participate in the Equity IB Introducing Broker programme. It applies to all transactions, withdrawals and commercial arrangements managed through our platform.

3Know Your Customer (KYC)

Before any payment is made to an IB partner, and as a condition of programme participation, we require all partners to complete a Know Your Customer verification process. KYC is a standard industry requirement to verify the identity of the individuals and entities we do business with.

KYC verification must be completed to our satisfaction before any payment is processed. We reserve the right to request updated or additional verification documents at any time during the partnership.

4Identity Verification Requirements

For individual IB partners, required documents typically include a valid, unexpired government-issued photo identification (passport or national identity card) and proof of residential address (utility bill, bank statement or official document dated within the past three months).

For corporate IB partners, requirements typically include company registration documents, certificates of incorporation, information about directors and beneficial owners, and proof of business address.

• Government-issued photo ID (passport, national ID or driving licence)
• Proof of current residential or business address (dated within 3 months)
• For companies: certificate of incorporation and company structure
• For companies: identification of directors and ultimate beneficial owners (UBOs)
• Any additional documents as may be required by our broker partners or applicable regulation

5Enhanced Due Diligence

In certain circumstances, enhanced due diligence (EDD) may be required. This applies to partners who are Politically Exposed Persons (PEPs), who operate in higher-risk jurisdictions, who conduct high-volume transactions, or where we identify indicators that warrant additional scrutiny.

Enhanced due diligence may include more detailed identity verification, source of funds documentation, and additional background checks. We will notify you if EDD is required.

6Ongoing Monitoring

We conduct ongoing monitoring of IB partner activity to identify unusual patterns or transactions that may indicate money laundering or other financial crime. This includes monitoring payment volumes, frequencies, destinations and any deviations from expected patterns.

Our monitoring programme is risk-based and proportionate. Partners whose activity triggers monitoring reviews may be asked to provide additional information or documentation.

7Suspicious Activity

If we identify or suspect that an IB partner's account or transactions are connected to money laundering, financial crime or other illegal activity, we will take immediate action. This may include suspending account access, withholding payments, terminating the partnership and, where legally required, making a report to the appropriate authorities.

We will not notify individuals who are the subject of a suspicious activity report, as doing so may constitute a criminal offence ('tipping off').

8Record Keeping

We retain verification documents and transaction records for a minimum period as required by applicable law, typically five years from the end of the business relationship or from the date of a transaction. Records are stored securely and in line with our Privacy Policy.

9Compliance and Training

Our team members involved in partner onboarding, payment processing and account management receive regular training on AML obligations and how to identify potential indicators of financial crime. We review and update our AML procedures periodically to reflect changes in regulation and best practice.

10Compliance Contact

If you have a compliance-related query or wish to submit a query about our AML procedures, please contact us through our Contact page. Please mark your enquiry as 'Compliance Enquiry'.