Preventing Money Laundering
1. Definition of money laundering
Modern society currently faces a serious challenge in preventing money laundering, e.g. making the
possession, use, or disposal of money or other property obtained from criminal activities appear to be
legal, and terrorism financing – providing or gathering money or rendering financial services with the
knowledge that the money is intended to finance the organization, preparation for, or execution of terrorist
acts or to support a criminal society (criminal organization) created or being created to perform terrorist
acts.
Individuals and legal entities whose income is earned illegally make various attempts to legalize their
income. For example, they may use other people’s personal data, including data that has been acquired
fraudulently. This may become a problem for people who become victims of fraud and are uninvolved in
these parties’ criminal activities.
2. Laws against money laundering
To prevent money laundering, organizations performing operations with money or other property are
obligated to comply with anti-money laundering laws, verify the identity of clients, and assist government
agencies and financial organizations working to combat money laundering. Exness does everything
required to ensure compliance with laws against money laundering and financing terrorism.
3. Client identity verification procedure
As part of complying with laws on client identification, this procedure is performed during registration,
various types of non-trading operations, and as part of monitoring by our specialists. In order to identify our
clients, Exness Group may ask you for personal data and take steps to confirm the accuracy of this
information using a verification system developed by our specialists. It may take several work days to
complete this process.
4. Compliance with the Privacy Agreement
The personal data we receive is handled in accordance with the provisions of the Privacy Agreement.
Please note that the reason for the identification procedure is to comply with laws against money
laundering and financing terrorism, not because we suspect you of committing illegal acts. Accordingly,
your cooperation and understanding of these steps is necessary to effectively combat money laundering
and financing terrorism.
Version: 28 May 2019/001
Terms and Conditions
1. The Company reserves the right to offer various Credit Programs to its Clients from time to time.
TheseCredit Programs may be limited to only certain jurisdictions or countries, specific account types, or based on other criteria.
Thus, you should always refer back to this document, which stipulates the general terms and conditions applicable to all of the Credit Programs offered by the Company, as well as the special conditions and characteristics of certain Credit Programs. The terms Credit(s) or Bonus(es) may be used
interchangeably in both the legal documentation as well as within the interfaces of the Company.
These terms and conditions apply to 2ND Co. (hereinafter referred to as the “Company”). (hereinafter referred to as “the Company”) and its customers (corporations or individuals) with active trading accounts (hereinafter referred to as “you” or “your”).
2. please read and agree to these terms and conditions carefully before enrolling in any membership program offered by us. These Terms and Conditions may be modified in the same manner as our Customer Agreement which can be found at https://2nd.club/.
3. We offer various types of programs from time to time. Each program has different features, criteria and requirements that you must meet in order to obtain the bonus. We strongly recommend that you carefully read, understand and agree to the features of each program. The programs are not mandatory. Customers may also opt out of this service at any time.
4. The Company reserves the right to determine the list of countries participating in Programs. Thus, not all Programs may be available to some countries and some countries may not have PAMM Account available to them.
5. the decision to grant or deny a bonus to a customer is at the sole discretion of the Company. In certain programs offered by the Company, bonuses are granted to customers in the form of direct deposits to their trading accounts.
6. after the bonus is granted, the client can move it to the PAMM Account in accordance with our Client Agreement. withdrawals from the PAMM Account will be moved to the Cash once.
7.Once the bonus has been granted in the program, the client may use it for registration or withdraw it in accordance with our Client Agreement. The granted bonus can be withdrawn at any time.
8. The Company reserves the right to close the Client’s trades if there are no funds available for withdrawal in the Trading Account.
9. Cash can be moved to PAMM account. The Company will allow the transfer of cash/bonus between trading accounts within the 2ND region.
10. If you have more than one trading account with us, each trading account will be treated separately. Therefore, you can receive a bonus for each trading account, provided that the conditions for receiving the bonus for each trading account are met. The bonus will be granted to a specific trading account that participates in a specific program. 11.
11. The bonus will be calculated and credited in USDT.
12. The bonus may be deducted from your trading account at any time, at our sole discretion and without prior notice to you.
13. We reserve the right to modify or discontinue the program at our sole discretion for any reason and without prior notice to you.
14. The Company reserves the right to cancel All Programs and/or deduct Bonuses that have been granted and/or close the Client’s Account, if the Company believes that the Client abused any of the Company’s offers, breached the Client Agreement, or is in Default as per the Client Agreement.
Severability
15. If any part of these Terms and Conditions should be held by any Court of competent jurisdiction and regarded as unenforceable or illegal or in contravention to any rule, regulation or Law of any Market or Regulator, that part shall be deemed to have been excluded from these Terms and Conditions from the beginning, and these Terms and Conditions shall be interpreted and enforced as though the provision had never been included. The legality and enforceability of the remaining provisions of these Terms and
Conditions or the legality, validity and enforceability of this provision relative to the law and/or regulations of any other jurisdiction, shall not be affected.
Law and Jurisdiction
16. All disputes and controversies arising out of or in connection with these Terms and Conditions shall be finally settled in the same jurisdiction as per the Client Agreement.
17. These Terms and Conditions are governed by the Laws of the same jurisdiction as per the Client Agreement.
Complaints
18. You may send complaints via [email protected].
Warning
40. PAMM Account provides you with non-stop and simple trading. Nevertheless, we advise you to exercise caution when trading with PAMM and warn you that while PAMM Account may be attractive, there is a risk of loss. Your invested funds may incur both profits and losses.
41. These Terms and Conditions are made in English. Any other language translation is provided as a convenience only. In the case of any inconsistency or discrepancy between the original English text and its translation into any other language, as the case may be, the original version shall prevail.
*Please note that the bonus is in USDT, not USD.