AML Policy
Our Anti-Money Laundering and Know Your Customer framework
Equity IB is committed to maintaining the highest standards of integrity in its operations. This Anti-Money Laundering Policy outlines the measures we take to prevent money laundering and financial crime in connection with our Introducing Broker programme.
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
Secure Submission
All identity documents are submitted and stored securely. We use industry-standard encryption to protect your personal information during the verification process.
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').
Legal Reporting Obligations
Equity IB may be legally required to report suspicious activity to relevant authorities without notifying the individual concerned. Attempting to obscure the origin of funds or evade verification requirements may itself constitute a criminal offence.
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'.
Related Documents
IB Programme Terms
The full terms governing participation in the Equity IB partner programme, covering eligibility, rebates, payments, marketing standards and relationship management.
Privacy Policy
Explains how Equity IB collects, uses, stores and protects personal information submitted through our website and IB application process.
Contact & Complaints
Our contact information, support channels and step-by-step complaints procedure for IB partners and website visitors.
