Know Your Customer (KYC) & Anti-Money Laundering (AML) Policy
FSI Prime, the trade name of Fidelstone Securities Investment Limited (incorporated in the Marshall Islands), is firmly committed to maintaining the highest standards of compliance with applicable laws and global best practices relating to Know Your Customer (KYC) and Anti-Money Laundering (AML). These policies help protect our clients, our firm, and the integrity of the global financial system.
Purpose
Our KYC and AML policies are designed to:
- Prevent the use of FSI Prime’s services for money laundering, terrorist financing, fraud, or other illicit activities.
- Verify the identity and suitability of each client before providing access to trading services.
- Maintain transparent and traceable financial transactions.
- Comply with applicable international regulations and industry standards.
Client Identification and Verification
Before establishing a business relationship, FSI Prime requires all clients to provide valid identification and relevant documentation. This may include:
- Government-issued photo identification (e.g., passport, national ID card).
- Proof of residential address (e.g., recent utility bill or bank statement).
- Where applicable, additional documents to verify source of funds or wealth.
All documents must be valid, legible, and up to date. FSI Prime reserves the right to request further information at any time to meet ongoing compliance obligations.
Ongoing Monitoring
FSI Prime conducts continuous monitoring of client accounts and trading activity to detect suspicious or unusual transactions. We may:
- Review and update client information periodically.
- Monitor transaction patterns and compare them against expected behavior.
- Conduct enhanced due diligence for high-risk accounts or transactions.
Suspicious Activity Reporting
If suspicious activity is identified, FSI Prime will take appropriate action in accordance with applicable laws, which may include:
- Requesting additional information from the client.
- Freezing or closing the client’s account.
- Filing a Suspicious Activity Report (SAR) with the relevant regulatory authorities.
FSI Prime and its staff are prohibited from disclosing to clients or third parties the fact that a report has been filed or that an investigation is underway.
Risk-Based Approach
- FSI Prime applies a risk-based approach to KYC and AML compliance, allocating resources and scrutiny proportionate to the level of risk posed by each client and transaction. Higher-risk clients may be subject to enhanced due diligence and additional monitoring.
Record Keeping
- We maintain records of all client identification and transactional data in accordance with applicable laws and regulatory requirements. These records are retained securely for a minimum period as required by law, even after the client relationship has ended.
Staff Training
- FSI Prime provides regular training to all relevant employees to ensure they understand AML obligations, are able to identify suspicious activities, and know the procedures for reporting concerns.
Compliance and Oversight
- FSI Prime provides regular training to all relevant employees to ensure they understand AML obligations, are able to identify suspicious activities, and know the procedures for reporting concerns.