Withdrawal Policy

KYC/Compliance Policy of ABZ Capitals and Investment:

Procedures for New Accounts: When establishing a business relationship, it’s crucial to understand the nature of the customer’s intended business with ABZ Capitals and Investment. Our compliance team ensures a clear understanding of legitimate business activities to identify any suspicious transactions.

Account Opening for Personal Customers: We collect and verify various information including true name, address, and identification documents. Face-to-face verification is preferred, while remote verification requires legally certified copies.

Internet and Cyber Trading/Banking: For internet-based accounts, thorough identity verification and address confirmation are essential to mitigate risks associated with online trading.

Account Opening for Institutions (Clubs and Institutions): Institutional accounts require verification of the institution’s constitution to confirm its legitimate purpose. Signatories’ identities are verified, and changes in signatories are closely monitored.

Trust, Nominee, and Fiduciary Accounts: Special attention is given to trust, nominee, and fiduciary accounts to prevent money laundering. Original trust deeds and declarations of trust capacity are obtained and verified.

Account Opening for Corporates and Other Financial Services Clients: New corporate accounts require references, comprehensive documentation, and due diligence reports. Changes in account details are promptly updated.

Scrutiny of Accounts and Monitoring: Regular scrutiny of account statements and transactions is conducted to detect unusual activities. Excessive trading, incoming fund transfers, and securities deposits are closely monitored for legitimacy.

Securities: Bearer securities are handled with caution, and the authenticity of deposited securities is verified in advance.

This policy ensures compliance with regulations and safeguards against financial crimes at ABZ Capitals and Investment.