Legal

Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)

The prevention of money laundering is a key focus of regulatory authorities in developed countries. Money
laundering regulations are designed to inhibit the movement of funds derived from criminal activity and to restrict
the availability of money to fund terrorist activities.

We are committed to preventing money laundering through our service. We have measures in place to ensure
strict compliance with the regulatory requirements in each jurisdiction, including taking such measures as the
following.

•    Identifying customers.
•    Monitoring and reporting suspicious transactions.
•    Maintaining customer records for at least seven years.

Identification and Transactional Information

We are obliged by legislation to collect identification information from all customers and to verify that information
prior to transacting with them. It is extremely important that you comply promptly and fully with any request we
make for identification information, even if it is inconvenient.

We may also require information as to the nature and purpose of the transaction you are proposing to enter into.
The amount of information required will depend on the jurisdictions involved, but any such request for
transactional information is equally important and will only be made if it is necessary for us to comply with our
regulatory obligations.

Use of Identification Obligation

You should assume that all information provided to us could be made available to regulatory authorities in both
the country of origin of the funds and in the country to which the funds are being sent.

No Cash or Credit Cards

In order to reduce the risk that our service could be used for money laundering purposes, we will not accept
payment in cash, by cheque or by credit card or debit card. All money is received and remitted by us by electronic
means only.

Right to Refuse to Process a Transaction

We reserve the right to refuse to accept you as a customer or to refuse to process any transaction at any stage of
our relationship if we have reason to believe that information you have provided to us is false or misleading or
that a proposed transfer may be connected in some way with an illegal activity.

Reporting Obligations

We are obliged to report all suspicious transactions. By using our service for improper purposes, you could
expose yourself to criminal prosecution as we are bound to report any suspicion of such activities to the
authorities. Examples of suspicious conduct include, but are not limited to:

•    Breaking a large transaction into smaller transactions to avoid reporting thresholds.
•    Providing false or misleading contact details.
•    Providing false identification documents.

We do not want your business if the funds are sourced from criminal activity or the nature of the transaction is
illegal in any way.


Licensed as a Money Service Operator with the Customs and Excise Department Hong Kong license number 12-08-00582

These terms and conditions apply to Personal Customers and Business Customers who are dealing with OzForex (HK) Limited [CRN:1588862] trading as OFX.

Download Terms and Conditions