Legalization of funds obtained by illegal means is the act of converting money or other monetary instruments derived from illegal activity into money or investments that appear legitimate, so that their illegal source cannot be traced. Domestic and international laws that apply to companies whose customers can deposit and withdraw capital from their accounts make it illegal for their servants or agents to consciously implement monetary transactions with criminally derived property or participate in such.
The objective of the procedures for combating the legalization of funds obtained by illegal means, which are carried out by GTMX (hereinafter referred to as “We” or the “Company”), is to ensure that clients participating in certain actions, identified by a reasonable standard, are monitored while minimizing the impact on law-abiding customers. GTMX positions itself to assist international organizations in combating the threat of money laundering and financing terrorist activities worldwide. Our identification system documents and verifies client identification records and maintains detailed reports on all transactions.
We carefully track suspicious and large-scale transactions and promptly report these activities to the relevant authorities. To maintain the integrity of monitoring systems and secure our business, the international legislative framework provides legal protection to providers of such information.
To minimize the risk of money laundering and financing terrorist activities, GTMX does not accept cash deposits and does not make cash payments under any circumstances in its offices and representative offices around the world. GTMX reserves the right to refuse to process a transaction at any stage if there is an assumption that the transaction is in any way related to money laundering or criminal activity. According to international laws and related regulations governing our operation, we have no right to inform the client who has been reported for suspicious activity, as confidentiality obligations apply.
Identification For the execution of laws on counteracting the legalization of funds obtained by illegal means, GTMX requires the client to provide two documents proving their identity. The first document that we demand issued by the government of the jurisdiction is the client’s identification document with a photograph of the customer on it. This can be a government-issued passport, driver’s license (for countries where the driver’s license is a primary identification document), or local ID card (except for corporate cards). The second document that we require is an account with the customer’s own name and actual address on it, dated no older than 3 months. This can be a utility bill, bank statement, notarization, or other bill with the name and address of the customer from an organization recognized at the international level.
GTMX also requires a completed and physically signed application form for opening an account to be provided to the Company. Customers are required to provide current identification information and promptly report any changes to it. The customer must inform GTMX about changes in contact information or personal data no later than 10 days after the changes occur.
Papers in any language other than English must be translated into English by an official translator; the translation must be stamped and signed by the translator and sent together with a copy of the original document issued by local competent authorities, showing a clear portrait of clients.
Withdraw and Deposit – Payout Policy Please note that GTMX prohibits making repayments when working with payment systems Skrill and Bank cards. To make withdrawals from your trading account using one of these systems, please fill out the application in the Customer Support Department, and funds will be credited to your designated account within 3 working days. However, due to the nature of our business, we cannot refund funds that were lost as a result of trading. To avoid any doubt, please read the risk disclaimer before you start trading on GTMX’s website https://gtmx.com.
GTMX requires the consistency of the client’s personal information in any deposit/withdrawal transaction based on the initial client’s registration. Any third-party payment is not accepted in any nature or manner to prevent fraudulence or cheating.
GTMX requires strict adherence to the established order of depositing and withdrawing funds. The funds can be withdrawn to the same account and using the same method with which they were added. When removing funds, the recipient’s name must exactly match the client name in GTMX’s database. If the deposit was made by bank transfer, any arising funds may be withdrawn only with a bank transfer to the same bank account. If the deposit was made through an e-payment system, funds may be withdrawn only by means of electronic payment in the same system.
If you have any additional questions for GTMX, our specialists will respond to you as soon as possible. You can write and ask your questions to our Customer Support Department at [email protected].