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AML Policy

1. Introduction

Paramount Capital Group Ltd (“Paramount”, “we”, “our” or “us”), registration number 133623, is committed to preventing money laundering and the financing of terrorism.

This Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy describes how we identify, monitor and reduce financial-crime risk across our services.

The framework follows Financial Action Task Force (FATF) recommendations and the laws applicable to a company incorporated in the Republic of the Marshall Islands, so that Paramount can operate with transparency and integrity.

2. Purpose

This policy exists to:

  • Stop Paramount’s services from being used to launder money or finance terrorism.
  • Set out how we identify and verify clients.
  • Monitor trading, deposits and withdrawals for unusual activity.
  • Meet local and international reporting duties.
  • Protect the company, its reputation and its clients.

3. Scope

This policy covers:

  • Every client, counterparty and beneficial owner of an account with Paramount.
  • Employees, contractors and partners of Paramount Capital Group Ltd.
  • All products, channels and payment rails we offer, including crypto deposits, withdrawals and trading on TradeLocker.

4. Key definitions

  • Money laundering: concealing the origin of illegal funds by moving them through legitimate businesses or financial systems.
  • Terrorist financing: providing or collecting funds intended to support terrorist acts or organisations.
  • Beneficial owner: the natural person who ultimately owns or controls an account or a transaction.
  • Suspicious activity: any transaction that does not match a client’s known profile or a legitimate purpose.

5. Customer Due Diligence (CDD)

5.1 Standard verification. Before a trading relationship starts, Paramount verifies each client’s full legal name, date of birth, residential address, national identification or passport details, and — where required — source of funds and wealth. Verification must be completed before deposits, withdrawals or live trading.

5.2 Enhanced Due Diligence (EDD). EDD applies to higher-risk clients or jurisdictions, politically exposed persons (PEPs), and clients who move large volumes or use complex structures. We may ask for extra documents, confirm source of wealth and require senior-management approval.

5.3 Simplified due diligence. Used only where money-laundering risk is demonstrably low and the law allows it — never for leveraged trading accounts or higher-risk assets.

6. Liveness and identity verification

As part of digital KYC, clients may complete a liveness check (short video or selfie) so we can confirm that the person submitting documents matches the ID and that a live individual is completing verification in real time. This reduces identity theft and forged documents.

7. Ongoing monitoring of transactions

Paramount uses automated and manual monitoring to spot unusual patterns, including irregular deposit or withdrawal frequency, activity that does not match the client profile, rapid movement of funds, and exposure to sanctioned countries, assets or entities.

Flagged activity is reviewed by Compliance and escalated when required.

8. Sanctions screening

Clients and counterparties are screened against recognised global lists, including the UN Security Council sanctions list, OFAC’s Specially Designated Nationals list, and EU and UK sanctions lists.

Accounts linked to sanctioned persons or entities are frozen pending review and may be reported to the competent authorities.

9. Reporting of suspicious activities

If suspicious activity is identified:

  1. The Compliance Officer reviews and records the case.
  2. A suspicious-activity report may be filed with the Financial Intelligence Unit of the Marshall Islands or any other competent authority.
  3. Clients are not told that a report has been filed. Tipping-off is prohibited.

Failing to meet reporting duties can be a criminal offence under applicable law.

10. Record keeping

Paramount keeps KYC, transaction and communication records for at least five (5) years after the relationship ends. Records are stored securely and made available only to authorised compliance staff and regulators on request.

11. Employee training and awareness

Staff receive mandatory AML/CTF training covering red flags, handling and reporting procedures, and confidentiality. Refresher training is given at least once a year.

12. Risk-based approach

We assess client, geographic and transactional risk, assign internal scores, and adjust CDD intensity and monitoring accordingly so effort is concentrated where risk is highest.

13. Third-party payments and transfers

Paramount does not accept or process third-party deposits or withdrawals. Funds must come from, and be returned to, an account or wallet in the client’s own name. Payments from unverified or unrelated sources are rejected and, where possible, returned.

14. Consequences of non-compliance

If a client does not provide information or cooperate with AML checks, we may:

  • Suspend or close the account.
  • Freeze funds pending verification.
  • Report the matter to competent authorities.

Paramount may end a business relationship immediately if AML obligations are not met.

15. Policy updates

Paramount Capital Group Ltd may amend this policy to reflect operational, legal or regulatory changes. Updates are published on this website and take effect when posted. Continued use of our services means you accept the current version.

Disclaimer

This AML & CTF Policy should be read together with our Risk Disclosure, Privacy Policy and Withdrawal Policy. By opening an account or using Paramount services, you acknowledge the procedures in this document. Questions: support@paramountcapitalfx.com.