At Genie, we are firmly committed to maintaining the integrity of the financial system by preventing money laundering, terrorist financing, and related financial crimes.
This policy defines our approach to detecting, monitoring, and reporting suspicious activities while complying with international AML and CTF standards.
By opening an account with us, you agree to comply with all AML verification, monitoring, and reporting procedures outlined in this policy.
Money laundering is the act of disguising the origin of illegally obtained funds to make them appear legitimate. It generally occurs through three stages: placement, where illicit funds enter the financial system; layering, involving complex transactions to obscure the source; and integration, where the funds are reintroduced as lawful assets. Genie enforces stringent systems to detect, monitor, and prevent such activities effectively.
Money laundering is the act of disguising the origin of illegally obtained funds to make them appear legitimate. It generally occurs through three stages: placement, where illicit funds enter the financial system; layering, involving complex transactions to obscure the source; and integration, where the funds are reintroduced as lawful assets. Genie enforces stringent systems to detect, monitor, and prevent such activities effectively.
Genie upholds the highest compliance standards by aligning with the Financial Action Task Force (FATF) recommendations and relevant international AML frameworks. We ensure our systems cannot be used for unlawful purposes and conduct business exclusively with verified clients. Our compliance infrastructure is reviewed regularly to meet evolving global standards and regulatory expectations.
Genie upholds the highest compliance standards by aligning with the Financial Action Task Force (FATF) recommendations and relevant international AML frameworks. We ensure our systems cannot be used for unlawful purposes and conduct business exclusively with verified clients. Our compliance infrastructure is reviewed regularly to meet evolving global standards and regulatory expectations.
Before gaining full access to Genie services, every client must successfully complete a Know Your Customer (KYC) verification process. This involves providing a valid government-issued ID, proof of address issued within the last three months, and any additional documents requested for high-risk profiles or large transaction volumes. These requirements are mandatory for account activation and fund operations.
Before gaining full access to Genie services, every client must successfully complete a Know Your Customer (KYC) verification process. This involves providing a valid government-issued ID, proof of address issued within the last three months, and any additional documents requested for high-risk profiles or large transaction volumes. These requirements are mandatory for account activation and fund operations.
Genie continuously reviews account activity to identify potential irregularities or suspicious financial behavior. Indicators include inconsistent trading volumes, structured deposits or withdrawals designed to bypass reporting limits, or transfers involving high-risk jurisdictions. Detected anomalies are reviewed by the compliance team and, if necessary, reported to competent regulatory authorities without prior client notification.
Genie continuously reviews account activity to identify potential irregularities or suspicious financial behavior. Indicators include inconsistent trading volumes, structured deposits or withdrawals designed to bypass reporting limits, or transfers involving high-risk jurisdictions. Detected anomalies are reviewed by the compliance team and, if necessary, reported to competent regulatory authorities without prior client notification.
To maintain integrity and compliance, Genie prohibits any activity that compromises legal and regulatory obligations. These include anonymous or fake account creation, third-party deposits or withdrawals, and transactions linked to sanctioned individuals, organizations, or countries. Any client found engaging in such practices risks immediate account suspension, termination, and potential legal proceedings.
To maintain integrity and compliance, Genie prohibits any activity that compromises legal and regulatory obligations. These include anonymous or fake account creation, third-party deposits or withdrawals, and transactions linked to sanctioned individuals, organizations, or countries. Any client found engaging in such practices risks immediate account suspension, termination, and potential legal proceedings.
Our employees receive comprehensive AML training designed to identify suspicious patterns and fulfill reporting responsibilities accurately. Genie conducts internal audits, periodic risk assessments, and policy reviews to ensure continuous compliance with AML regulations and industry best practices. This proactive approach reinforces our commitment to ethical and lawful business conduct.
Our employees receive comprehensive AML training designed to identify suspicious patterns and fulfill reporting responsibilities accurately. Genie conducts internal audits, periodic risk assessments, and policy reviews to ensure continuous compliance with AML regulations and industry best practices. This proactive approach reinforces our commitment to ethical and lawful business conduct.
In compliance with applicable international and local AML laws, Genie may report suspicious or unusual activities to relevant law enforcement or financial intelligence units. Such disclosures are carried out confidentially and without prior notice to the client, as required by law.
In compliance with applicable international and local AML laws, Genie may report suspicious or unusual activities to relevant law enforcement or financial intelligence units. Such disclosures are carried out confidentially and without prior notice to the client, as required by law.
Clients play a vital role in maintaining AML integrity. You are required to provide accurate and updated personal and financial details, respond promptly to compliance requests, and notify Genie of any changes to your information. Non-compliance may result in restricted account functionality or termination of services.
Clients play a vital role in maintaining AML integrity. You are required to provide accurate and updated personal and financial details, respond promptly to compliance requests, and notify Genie of any changes to your information. Non-compliance may result in restricted account functionality or termination of services.
If you have any questions or require clarification about this AML Compliance Policy, please contact us: