To prevent money laundering
In the CBF, we are committed through our service and strict auditing system to prevent any money laundering activities, and strict compliance with relevant regulatory requirements, such as:
● determine the identity of our clients
● identify, monitor and report any suspicious transaction type
● After the termination of the agreement with the customer to save all customer transaction records for at least five years
● training staff to identify suspicious transactions and reporting obligations
● According to the customer location, CBF in some countries may report any suspicious activity to the authorities.
CBF before the client is entitled to open an account and all payments to collect and verify the identity of customers and other relevant documents. To see our specific requirements, please visit our account creation page.
Customer shall provide all necessary information to the CBF, this information will be provided to the regulatory authorities at the same time, regardless of the country of origin and destination countries where funds. CBF right to refuse to deal with it and think there is any criminal activity or money laundering associated with the transfer of funds at any stage.
CBF is obliged to report all suspicious transactions, and inform them of suspicious account activity has been reported client will be banned.