NEXTARTFX Anti-Money Laundering Policy

NEXTART CO.,LTD. ("NEXTARTFX"), as a provider of investment services relating to financial instruments, issues this Anti-Money Laundering Policy ("AML") with respect to the provision of investment services relating to financial instruments.

As financial firms are subject to AML laws and other regulations, NEXTARTFX expresses its importance and willingness to comply with money laundering ("ML") legal requirements and has adopted the policies and measures required by European Union law in order to achieve this objective.
In carrying out these rules and requirements, NEXTARTFX will focus on the following

To pay close attention to all information provided by each client, partner, or other applicant, including the identity, background, related activities, business, etc.
Continuously monitor clients, partners and their transactions and activities to ensure that they are in line with our AML and terms and conditions regarding clients.
Create and keep secure records of accounts, transactions, communications with clients and partners, information gathering, internal issues and specific procedures.
Evaluate the likelihood of ML and the client's risk rate while processing transactions with clients.
Apply enhanced due diligence when dealing with questionable persons, fiduciaries, politically influential persons, clients in jurisdictions of ill repute, and large deposits in excess of threshold limits.
Provide quarterly and annual external training for employees, especially those who deal directly with customers and partners.
Cooperate with a responsible Money Laundering Compliance Officer ("MLCO") who is approved by the regulator.
Monitor changes to relevant laws, sanctions lists, and international financial regulators and adopt new measures as necessary.
Prohibit the provision of anonymous accounts and the maintenance of business relationships with shell banks.
Report applicable suspicious transactions to the competent authorities if the MLCO deems them suspicious.
Furthermore, if NEXTARTFX operates in any way in a jurisdiction that requires some additional measures in the AML rules, NEXTARTFX shall ensure that all additional requirements are fulfilled and related matters are handled accordingly.

The purpose of NEXTARTFX adopting a strict AML policy is to prevent its clients, partners, employees and the financial industry from being misused for ML, terrorist financing or other financial crimes.

NEXTARTFX is fully aware of the potential for fraudsters and criminals to disguise, transfer, or acquire the criminal origin of property, and with the possibility of legalizing ownership of that property in any form, which could have detrimental effects and risks to the global community.

The following are important to NEXTARTFX in complying with and enforcing its AML policy.

NEXTARTFX will develop the necessary applications for applicants to enter data and upload documents when a new account is opened, and will retain all data, documents, and records related to transactions and trades executed by each client.
In the event that an applicant wishes to open a new account, he/she shall be required to submit detailed personal information including, but not limited to, name, address, nationality, date of birth, date of birth, ID number, and in the case of a company, the nature of its business.
During this process (even before the account is opened), all of this data shall be made mandatory with the submission of the applicant's identification and proof of residency (proof of existence, list of directors and shareholders if the applicant is a corporation, and any other necessary due diligence documents). In some cases, applicants will be required to complete a further investment questionnaire that will ask for employment and income details, as well as experience and exposure to investment services.
All communications between NEXTARTFX and the client or partner regarding financial services provided by NEXTARTFX will be recorded, regardless of content.

Withdrawals are usually processed to the same deposit account.

It is the client's obligation to ensure that the submitted identity and residency documents are always up-to-date at the client's discretion before the current ones expire. If they expire, withdrawals may not be accepted until the most recent ones are submitted.

In the event that suspicious activity or transactions or high risk are identified, client accounts and activity will be investigated and, if deemed necessary, reported to the relevant authorities.

This information will be updated as necessary.

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