Account Management
SWG – Account Management and Money Laundering Regulations.
We at the Snowden Wright Group Ltd endeavour to protect you and the money you invest into our trading platform. As with any investment opportunity, you will be required to complete a KYC (Know Your Customer) form during the sign-up process. We will only hold a very limited amount of information about you which ensures we follow regulatory standards.
These will be:
Your name, email address, home address and a contact number. Your referrer’s name if applicable
We will NEVER ask you for any further information than that stated above.
Funding and withdrawing from your Broker account.
Importantly the method you choose to fund the account whether it be by bank card, credit card or 3rd party financial organisations such as PayPal will also be the method you MUST use to withdraw funds in the future. If you change your bank account or your card the broker will require further proof of account ownership that can take time to complete to withdraw funds. We at SWG cannot get involved with this and is in line with current Money Laundering Regulations. More about this can be shown via the link below.
Money Laundering Information
On 10 January 2020 changes to the Government's Money Laundering Regulations came into force. They update the UK's AML regime to incorporate international standards set by the Financial Action Task Force (FATF) and to transpose the EU’s 5th Money Laundering Directive. https://www.fca.org.uk/firms/financial-crime/money-laundering-regulations