Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy

Paradise Global Markets Ltd (“Paradise Global Markets”, “the Company”, “we”, “our”, or “us”) is committed to preventing money laundering, terrorist financing, fraud, sanctions violations, and other forms of financial crime. As a trading services provider offering access to Forex, Contracts for Difference (CFDs), commodities, indices, stocks, ETFs, cryptocurrency CFDs, copy trading, PAMM/MAM solutions, and automated trading services, the Company recognises the importance of maintaining a strong compliance framework that protects clients, the business, and the integrity of the financial markets.

This Anti-Money Laundering and Know Your Customer Policy sets out the principles, procedures, and controls applied by Paradise Global Markets to identify clients, understand the nature of their activity, monitor transactions, detect suspicious behaviour, and comply with applicable anti-money laundering, counter-terrorist financing, sanctions, and financial crime prevention requirements. The Company applies a risk-based approach and may request additional information or documentation from clients at any stage of the business relationship.

This Policy applies to all prospective clients, existing clients, individual account holders, corporate account holders, Introducing Brokers, affiliates, white label partners, PAMM/MAM managers, copy trading participants, employees, contractors, service providers, and representatives of Paradise Global Markets. It applies to all accounts, products, platforms, payment methods, trading activity, partnership arrangements, and transactions conducted through or with the Company.

By applying for an account, using the Company’s services, or entering into a business relationship with Paradise Global Markets, clients agree to comply with the Company’s verification, due diligence, monitoring, and compliance requirements.

Paradise Global Markets is committed to complying with applicable laws and internationally recognised standards relating to anti-money laundering, counter-terrorist financing, sanctions compliance, fraud prevention, and financial crime risk management. The Company’s internal policies are designed with reference to widely accepted AML principles, including guidance issued by the Financial Action Task Force (FATF), relevant sanctions authorities, financial intelligence units, and applicable local or international regulatory frameworks.

The Company may cooperate with regulators, law enforcement authorities, financial institutions, payment service providers, verification vendors, and other competent authorities where legally required or where necessary to protect the Company and its clients from financial crime risk.

Money laundering is the process by which funds obtained through illegal activity are disguised to make them appear legitimate. It commonly involves the placement of illicit funds into the financial system, the layering of transactions to conceal their source, and the integration of those funds back into the economy as apparently lawful assets.

Terrorist financing involves the collection, movement, or use of funds to support terrorist activities, organisations, or individuals. Unlike money laundering, terrorist financing may involve funds derived from either lawful or unlawful sources. Paradise Global Markets does not tolerate the use of its services for money laundering, terrorist financing, sanctions evasion, fraud, or any other unlawful purpose.

Paradise Global Markets applies a risk-based approach to client onboarding, transaction monitoring, and ongoing due diligence. This means that the level of verification, review, and monitoring applied to a client may vary depending on the risk profile of the client, the nature of the account, the jurisdiction involved, the payment method used, the expected trading activity, and any other relevant risk indicators.

The Company may classify clients or business relationships as low, medium, or high risk. Factors considered may include the client’s country of residence or incorporation, source of funds, source of wealth, business activity, beneficial ownership structure, political exposure, sanctions exposure, payment behaviour, trading patterns, account activity, use of partnership models, and involvement in higher-risk jurisdictions or industries.

Higher-risk clients may be subject to enhanced due diligence, additional documentation requests, increased transaction monitoring, senior compliance review, account restrictions, or refusal of service.

Paradise Global Markets requires clients to complete Know Your Customer verification before full account functionality is provided. The purpose of KYC is to verify the identity of the client, confirm that the client is acting on their own behalf, understand the intended nature of the business relationship, and reduce the risk of financial crime.

For individual clients, the Company may request a valid government-issued identity document such as a passport, national identity card, or driver’s licence. The document must be valid, clear, readable, and must show the client’s full name, photograph, date of birth, document number, and expiry date where applicable. The Company may also request proof of residential address, such as a utility bill, bank statement, tax document, or government-issued correspondence, generally dated within the previous three months.

For corporate clients, the Company may request documents including the certificate of incorporation, memorandum and articles of association, business registration documents, registered office address, shareholder register, director details, authorised signatory information, ownership structure, proof of business activity, and identification documents for directors, shareholders, ultimate beneficial owners, and authorised representatives. Where ownership structures are complex, the Company may request additional documents to identify and verify the natural persons who ultimately own or control the entity.

The Company reserves the right to reject, suspend, or close an account where the client fails to provide satisfactory verification documents or where the information provided is false, incomplete, inconsistent, expired, or suspicious.

Customer Due Diligence is performed to understand who the client is, the purpose of the account, the expected level of account activity, and the source of funds used for trading. Paradise Global Markets may assess information such as employment status, business activity, estimated income, anticipated deposits, trading experience, investment objectives, and expected use of the Company’s services.

The Company may request additional clarification where client activity does not match the information provided during onboarding. This may include unusual deposit or withdrawal patterns, sudden increases in transaction volume, inconsistent trading behaviour, multiple account usage, frequent payment method changes, or activity that appears unrelated to legitimate trading purposes.

Enhanced Due Diligence may be applied where the Company identifies higher AML or financial crime risk. This may include clients from high-risk jurisdictions, politically exposed persons, corporate structures with complex ownership, clients using higher-risk payment channels, unusually large transactions, clients with unclear source of funds, or accounts showing suspicious activity.

Enhanced Due Diligence may involve requesting source of funds evidence, source of wealth information, bank statements, proof of employment or business income, audited financial statements, tax documents, sale agreements, inheritance documents, investment statements, or any other information reasonably required to establish the legitimacy of funds and the purpose of the account.

The Company may refuse to onboard or continue a relationship with any client where the risk cannot be adequately understood, verified, or mitigated.

Paradise Global Markets may request clients to provide information and supporting evidence regarding the origin of funds used to deposit into their trading account. Source of funds refers to the specific origin of the money used for a transaction, while source of wealth refers to the broader origin of the client’s total accumulated wealth.

Acceptable sources may include salary, business income, savings, investment returns, property sale proceeds, inheritance, dividends, or other lawful income. The Company may request documents such as salary slips, bank statements, business records, tax returns, investment account statements, sale agreements, or inheritance documents. Deposits may be delayed, rejected, or returned where the source of funds cannot be reasonably verified.

Paradise Global Markets may identify certain clients as Politically Exposed Persons. A Politically Exposed Person is an individual who holds, or has held, a prominent public function, as well as their immediate family members and close associates. Due to the increased risk associated with political exposure, such clients may be subject to enhanced due diligence, senior management approval, ongoing monitoring, and additional source of funds or source of wealth verification.

The Company reserves the right to refuse or discontinue services to a Politically Exposed Person where the compliance risk is considered unacceptable or where satisfactory verification cannot be completed.

Paradise Global Markets screens clients, beneficial owners, authorised representatives, counterparties, and transactions against applicable sanctions lists, watchlists, and other financial crime databases where appropriate. The Company does not provide services to individuals, entities, or jurisdictions where such services are prohibited by applicable law, sanctions, or internal compliance policy.

The Company may reject account applications, block transactions, freeze accounts, restrict access to services, or report activity to relevant authorities where sanctions concerns, prohibited jurisdiction exposure, or financial crime risks are identified. Jurisdiction restrictions may change at any time without prior notice based on legal, regulatory, operational, or risk management considerations.

Paradise Global Markets applies strict payment controls to reduce the risk of money laundering, fraud, and third-party misuse. Deposits must be made from a payment account, bank account, card, wallet, or payment method held in the same name as the verified trading account holder. Third-party deposits are not accepted.

Withdrawals must generally be made to the same verified source or account from which the funds were deposited, subject to payment method availability and applicable compliance checks. The Company may request proof of payment ownership, updated identification, source of funds documentation, or additional security verification before processing a withdrawal.

The Company reserves the right to reject, delay, reverse, or return any deposit or withdrawal where the transaction raises AML, fraud, sanctions, ownership, or compliance concerns. The Company may also restrict withdrawals where client verification is incomplete, documentation has expired, account activity is under review, or suspicious behaviour has been identified.

Third-party payments are strictly prohibited. Clients must not use another person’s or entity’s payment method to deposit funds into their trading account, and clients must not request withdrawals to accounts belonging to third parties. This restriction helps protect clients from fraud and prevents the Company’s services from being misused for layering, concealment, or unauthorised fund movement.

If a third-party payment is detected, the Company may return the funds to the original source, request additional documentation, suspend the account, terminate the business relationship, or report the matter to the relevant authorities where required.

Paradise Global Markets monitors client activity to identify unusual, inconsistent, suspicious, or potentially unlawful behaviour. Transaction monitoring may include the review of deposits, withdrawals, trading activity, account login patterns, payment methods, geographic activity, copy trading activity, PAMM/MAM allocations, IB activity, affiliate activity, and other account behaviour.

Examples of activity that may trigger review include rapid deposits and withdrawals without meaningful trading activity, multiple deposits from different sources, attempted third-party payments, unusual transaction sizes, frequent changes in payment methods, multiple accounts controlled by the same person, activity inconsistent with the client’s profile, sudden high-volume transactions, use of high-risk jurisdictions, or transactions that appear designed to avoid reporting thresholds.

Where unusual activity is identified, the Company may request clarification or supporting documentation. Failure to provide satisfactory explanations may result in account restrictions, transaction refusal, suspension, termination, or reporting to authorities.

Paradise Global Markets may apply additional due diligence and monitoring to copy trading providers, PAMM/MAM managers, professional traders, strategy providers, and clients participating in managed or semi-managed trading structures. These services may involve the allocation of funds, copying of trades, management of multiple accounts, or performance-based structures, and therefore require clear controls to prevent misuse.

The Company may review the identity, ownership, experience, activity, strategy profile, funding sources, and conduct of such participants. The Company may also monitor for suspicious coordination, misleading performance activity, abusive trading behaviour, unauthorised account control, improper client fund movement, or any arrangement that creates unacceptable AML, fraud, or conduct risk.

Paradise Global Markets may conduct due diligence on Introducing Brokers, affiliates, white label partners, and other business partners before entering into or continuing a relationship. This may include verification of identity, corporate documents, ownership structure, business activity, marketing practices, jurisdictional exposure, reputation, sanctions status, and source of business.

Partners must not engage in misleading promotion, unauthorised financial activity, client misrepresentation, fraud, sanctions violations, or any activity that may expose the Company to financial crime risk. The Company may terminate partner relationships, withhold commissions, reject referred clients, or report suspicious activity where compliance concerns arise.

Where Paradise Global Markets identifies suspicious activity, the Company may conduct an internal review and escalate the matter to its compliance function. If required by applicable law, the Company may submit a suspicious activity report or equivalent notification to the appropriate authority.

The Company may restrict trading, suspend transactions, delay withdrawals, close accounts, or take other protective action while a suspicious activity review is ongoing. Clients may not be informed of the filing or existence of a suspicious activity report where such disclosure is prohibited by law or may prejudice an investigation.

Paradise Global Markets maintains records of client identification documents, verification checks, account applications, transaction records, trading activity, communications, due diligence reviews, risk assessments, payment records, and compliance investigations. Such records are retained for the period required by applicable laws, regulatory obligations, and internal policies.

Records may be stored electronically or physically and may be made available to competent authorities where legally required. The Company takes reasonable steps to ensure that records are accurate, secure, accessible, and protected from unauthorised access.

AML compliance is an ongoing obligation. Paradise Global Markets may periodically review client accounts to ensure that information remains accurate, complete, and up to date. Clients may be required to provide updated identity documents, address verification, corporate documents, ownership information, source of funds evidence, or additional information where required.

The Company may also reassess a client’s risk profile where there is a change in activity, account ownership, jurisdiction, trading behaviour, payment method, partnership status, or regulatory environment. Failure to cooperate with ongoing due diligence requests may result in account restrictions, rejected transactions, suspension, or account closure.

Paradise Global Markets maintains internal procedures to ensure that relevant employees understand AML, KYC, sanctions, fraud prevention, and suspicious activity escalation requirements. Employees involved in onboarding, payments, compliance, customer support, partnerships, operations, and management may receive training appropriate to their responsibilities.

Employees are required to follow internal policies, report suspicious activity, maintain confidentiality, protect client information, and escalate compliance concerns promptly. Failure to comply with internal AML standards may result in disciplinary action.

Paradise Global Markets collects and processes personal information for identity verification, AML compliance, fraud prevention, transaction monitoring, account administration, risk management, legal compliance, and security purposes. The Company handles client information in accordance with its Privacy Policy and applicable data protection requirements.

Client information may be shared with verification providers, payment processors, banks, regulators, law enforcement agencies, auditors, legal advisers, or other authorised parties where necessary for compliance, legal, operational, or risk management purposes. The Company takes reasonable steps to protect personal data from unauthorised access, loss, misuse, alteration, or disclosure.

Paradise Global Markets reserves the right to refuse account opening, reject deposits, delay withdrawals, restrict account access, suspend trading activity, terminate accounts, cancel transactions, or end any business relationship where AML, sanctions, fraud, identity, payment, regulatory, or other compliance concerns arise.

The Company is not required to disclose internal compliance reasons, investigation details, monitoring rules, or reporting decisions where doing so may breach legal obligations, compromise security, or prejudice an investigation.

Clients are responsible for providing accurate, complete, and truthful information during onboarding and throughout the business relationship. Clients must keep their personal, financial, contact, and account information up to date and must promptly provide any documentation requested by the Company for compliance purposes.

Clients must use the Company’s services only for lawful purposes and must not attempt to use the platform for money laundering, terrorist financing, fraud, sanctions evasion, third-party fund movement, identity misuse, market abuse, or any prohibited activity. Clients must also maintain the security of their account credentials and notify the Company immediately if they suspect unauthorised access or suspicious activity.

Paradise Global Markets maintains a zero-tolerance approach to money laundering, terrorist financing, fraud, sanctions violations, identity theft, financial crime, and misuse of its services. Any attempt to abuse the Company’s platform, payment channels, trading services, partnership models, or account structures may result in immediate action, including account suspension, termination, transaction refusal, and reporting to relevant authorities.

Paradise Global Markets may amend, update, or replace this Policy at any time to reflect changes in applicable laws, regulatory expectations, business operations, technology, payment methods, products, services, or internal risk management practices. The latest version of this Policy may be published on the Company’s website or otherwise made available to clients.

Continued use of the Company’s services after any update constitutes acceptance of the revised Policy.

For AML, KYC, verification, or compliance-related enquiries, clients may contact Paradise Global Markets using the details below.

Compliance Department

Paradise Global Markets Ltd

Email: compliance@paradiseglobalmarkets.com

Support Email: support@paradiseglobalmarkets.com

Website: www.paradiseglobalmarkets.com

Trading Forex and CFDs involves a high level of risk and may not be suitable for all investors. Leveraged trading can result in losses exceeding your initial deposit. Clients should carefully consider their investment objectives, level of experience, financial situation, and risk tolerance before trading. Past performance is not indicative of future results.

This AML and KYC Policy is provided for general informational and compliance framework purposes only. It does not constitute legal, regulatory, financial, or investment advice. Paradise Global Markets reserves all rights relating to compliance reviews, account approvals, transaction monitoring, service restrictions, reporting obligations, and enforcement actions in accordance with applicable laws, internal policies, and risk management standards.