Anti Money Laundering

Policy

NetStock O
Misa 4, Tallinn, 13522, Estonia

NETSTOCK O (hereinafter referred to as the Company) has a legal obligation to comply with the provisions
of the Money Laundering and Terrorism Financing Prevention Act 2007 and regulations made thereunder
(hereinafter AML Regulation).
In furtherance of such obligations in the event that the Company has a suspicion of money laundering or
funding of terrorism in relation to the assets deposited by the Customer it will be obliged to communicate its
suspicions to the competent Authorities. The Company could also be required to, inter-alia, block the assets of
the Customer concerned.
The legal definition of Money Laundering is given in Money Laundering and Terrorism Financing Prevention
Act 2007 http://www.ebrd.com/downloads/legal/securities/estaml.pdf.
Money laundering means:
1) concealment or maintenance of the confidentiality of the true nature, origin, location, manner of disposal,
relocation or right of ownership or other rights of property acquired as a result of a criminal activity or property
acquired instead of such property;
2) conversion, transfer, acquisition, possession or use of property acquired as a result of a criminal activity or
property acquired instead of such property with the purpose of concealing the illicit origin of the property or
assisting a person who participated in the criminal activity so that the person could escape the legal
consequences of his or her actions.
(2) Money laundering is also a situation, whereby a criminal activity as a result of which the property used in
money laundering was acquired, occurred in the territory of another state.
In order to confront the penetration of criminal money into the state economy and to prevent expansion of
terrorist activity, countries carry on a struggle against money laundering and terrorism financing. Financial
organizations are one of the most targeted and easiest to access and convenient institutions that allow
launderers to legalize revenue from illegal activity. The increased integration of financial markets and liberty of
capital mobility between them make market penetration of criminal capital easier. The Company applies bylaw and programs of its implementation to help domestic and international organizations to struggle against
money laundering and financing of terrorist activity all over the world.
By applying for an account with the Company you are taken to agree to the following terms:
1. You warrant that you comply with all applicable anti-money laundering laws and regulations, including
but not limited to the AML Regulation;
2. You are not aware and have no reason to suspect that:
- the money used to fund your account has been or will be derived from or related to any money
laundering or other activities deemed illegal under applicable laws or regulations or otherwise
prohibited under any international convention or agreement (illegal activities);
- you agree to promptly provide us with all information that we reasonably request in order to
comply with all applicable laws and regulations relating to anti-money laundering;

NetStock O
Misa 4, Tallinn, 13522, Estonia
2

3. The Company collects and verifies your identification data and also logs and tracks itemized statements
of all transactions carried out by you;
4. The Company tracks suspicious transactions of the Customers and transactions executed under
nonstandard conditions;
5. The Company neither accepts cash deposits nor disburses cash under any circumstances;
6. The Company reserves the right to refuse to process a transaction at any stage, when it believes the
transaction to be connected in any way to money laundering or criminal activity. In accordance with
international law the Company is not obligated to inform the Customer that they were reported to the
corresponding governing bodies due to Customer's suspicious activity.
According the internal AML procedures the Company will conduct initial and ongoing due diligence, depending
on the level of risk posed by a particular customer.
What this means for you:
1. the Company will ask you for the minimum identification information;
2. the Company will record your identification information, the verification methods and their results;
3. the Company will also compare your identification information with government and third partyprovided lists of suspected terrorists.
This minimum information may include:
- the Customer's full name;
- the person's date of birth (if natural person);
- if the person is not the Customer, the person's relationship to the Customer;
- the Customer's address or registered office;
- the Customer's company identifier or registration number;
- the level and nature of the activity to be undertaken by the Customer;
- the origin of funds to be deposited to the FOREX EE account;
- details of employment and sources of wealth or income.
In order to verify the abovementioned information the Company will require the following documents:
A. for Individuals:
1. Passport or ID card or similar document that:
- contains the name, date of birth, a photograph of the person in whose name the document is
issued; and
- is issued by a government, the United Nations or an agency of the United Nations.
2. Recent utility bill issued within three months, or any similar document proving the Customers current
permanent address.
B. For Corporate Customers:

NetStock O
Misa 4, Tallinn, 13522, Estonia
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1.
2.
3.
4.

Copy of Certificate of Incorporation or any national equivalent;

Copy of Memorandum and Articles of Association or any national equivalent;
Certificate of good standing or other proof of registered trading address of the Corporate Customer;
A copy of the resolution of the board of directors to open an account and confer authority on those
who will operate it;
5. Proof of identity of directors in case he/she will deal with the Company on behalf of the Corporate
Customer (according to the Individual identity verification rules described above).
The Company may request you to provide additional information accompanied by respective documents. In
certain cases the Company may be obliged to verify the identity of the Customer by requiring copies of
documents certified by a trusted referee.

NetStock O
Misa 4, Tallinn, 13522, Estonia
4