AML policy

Money laundering includes various manipulations with assets (monetary funds or financial instruments) with the purpose of concealing their illegal origin. Illegally obtained funds, within the meaning of the terms of the Criminal Procedure Code of the Republic of Latvia, are illegally obtained property and financial resources, if they are directly or indirectly owned or under control of persons committing illegal activities.

The issue of prevention of money laundering and terrorism financing is one of the priorities in the activities of Renesource Capital (hereinafter – the Company.

The Company is obliged to identify its Customers, evaluate risks on the basis of the data provided by the Customer and conduct the Customer due diligence. These requirements are imposed by the Law “On the Prevention of Money Laundering and Terrorism Financing” of the Republic of Latvia and are binding on the Company in fighting money laundering and terrorism financing.

The objective of fighting money laundering is to prevent possibilities of legalization of proceeds of robbery, fraud, trafficking in drugs  and human beings and other illegal activities (disguising the illegal origin and criminal nature of funds), using the investment and ancillary investment services provided by the Company. The objective of fighting terrorism financing is to prevent the involvement of the Company in provision of financial support to terrorists or organization of terrorist acts.

The policy of the Company is based on the following legal acts:

Wolfsberg questionnaire of Renesource Capital

Wolfsberg questionnaire

Risk Disclosure Statement. Margin transactions (Forex, contracts for difference CFD, futures and futures options, stock options, REPO transactions, transactions in over-the-counter derivatives and transactions using broker credit, including selling short) involve higher risk. The level of risk increases with the leverage ratio. As the result of margin transactions, relatively high profits are possible with low level of initial investments, as well as significant losses which may exceed the principal amount of investments or the amount of the collateral. Please ascertain whether margin transactions in their essence and content suit the risk profile that was assigned to you by AS IBS Renesource Capital and whether the content of margin transactions corresponds to your investment goals.

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