AML Procedure & KYC

In accordance with strict financial rules and regulations, COINDEAL LIMITED ( collects and verifies the personal identification data of all our clients account holders. logs and tracks all the transactions that are carried out by our clients strictly to AML procedures.

In order to open an active trading account you must go through identification procedure. The ID you provide must comprise of a primary form of Photo ID which includes a valid government issued document showing your full name and date of birth, residential address.

Account Opening Document Requirements

In accordance with the DIRECTIVE (EU) 2015/849 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 May 2015 and all the other States Acts AML policies including your homeland; we are required to verify your identity prior to opening an active trading account for you. We are required to verify your ID, origin of financial resource ect. Our procedures guarantee the safe trading for our customers.

Physical person

Our standard verification procedure combines from two stages: sending us your ID, and going through video verification. Sometimes also manual ID verification is required.

Photo ID

The following documents are acceptable forms of photo identification:

  1. valid Passport
  2. valid Government ID, such as a Driver's License or State ID
  3. valid National Identity Card

Photo ID must show full name and date of birth. If your Photo ID is Certified or Notarized add we may need another documents to confirm your ID. We also must be able to understand the language shown on your Photo ID and Proof of Residence.

Video verification procedure

We collect a wide range of personal information through the Services. This information varies depending on the verification proceeding during the application, but may include such information as: name, physical address, email address, telephone number, social security number, driver’s license number, state or national ID card number, passport number, other ID card number, credit or debit card number, CVV, expiration date, and/or date of birth.

We may also collect a visually scanned or photographed image of your face and/or your identification card, driver’s license, passport, utility bill, bank account statement, insurance card, or credit/debit card. This image may include your photograph and other information from the imaged document, such as your eye color, weight, height. The video verification may be provided by 3rd party Jumio Corporation.

Legal Person

In the matter of all legal persons (companies) procedure is more strict and depend on the company structure, country ect. Each legal person will be verified in the individual manual procedure, on the base of documents including act of incorporation, legal representation, personal verification of board members ect. Each case of verification is individual. All proof of residences/ seat must be current, show the full document, clearly display the name and address (no PO Boxes).

AML Policy Details

  1. may monitor funding from various bank accounts outside of the account client homeland.
  2. performs its actions on the basis of the anti-money laundering framework set forth by the Financial Authorities.
  3. neither accepts cash deposits nor disburses cash under any circumstances.
  4. does not accept third-party deposits of any kind.
  5. matches each deposit to the account name on file for that customer.
  6. reserves the right to refuse processing a transaction at any stage where it believes the transaction to be connected in any way to money laundering or criminal activity or under legal authorities order.
  7. In accordance with international law, is not obligated to inform the client if suspicious activity is reported to any corresponding regulatory or legal bodies.
  8. The withdrawal process at detailed below is structured around strict guidelines to make sure that funds are securely sent back to their originating source and beneficiary. reviews all withdrawal requests, verifying the original funds are withdrawn via the same method and to the account holder on file. examines the withdrawal request against the customer's deposit history to make sure there is no suspicious activities.
  9. management will work with our Compliance group and all Authorities to see if further action needed and if any relevant regulatory bodies need to be contacted.

Photo ID must show full name and date of birth. If your Photo ID is Certified or Notarized add we may need another documents to confirm your ID. We also must be able to understand the language shown on your Photo ID and Proof of Residence.

Sanctioned Countries

While we welcome clients from all over the globe, governmental restrictions along with our company policies prohibit from opening accounts originated from the following restricted and/or OFAC sanctioned countries: Angola, Burundi, Cambodia, Cameroon, Central African Republic, Chad, Congo, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, Guinea Bissau, Haiti, Iran, Iraq, Libya, Madagascar, Mozambique, Myanmar, North Korea, Pakistan, Rwanda, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Tunisia, Turkmenistan, Uzbekistan, Venezuela, Yemen, Zimbabwe.