Individuals who are transacting privately, as a sole proprietor of a business, as an individual trustee of a trust or as a partner of a general partnership will enter into a Retail Client Agreement.
You can download the Retail Client Agreement here.
If you are representing a company or other statutory body, you will need to enter into a Corporate Client Agreement.
The AquireFX Product Disclosure Statement (PDS) sets out:
The AquireFX FSG includes information about:
AquireFX Limited (“AquireFX”) must follow the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (“AML/CTF Act”), and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (“AML/CTF Rules”).
Australia's AML/CTF legislation aligns with international standards. Standards designed to prevent, detect and report on money laundering, and terrorism financing. The Australian Transactions Reports and Analysis Centre (“AUSTRAC”) regulates Australia's AML/CTF legislation.
AquireFX’s AML/CTF compliance program meets the legislative requirements on us. Our AML/CTF compliance officer manages our compliance program. Making sure we keep to our Internal Policy and Principles (“IPP’s”), detailed below.
The AquireFX policy is to comply with high standards of anti-money laundering (AML) practice in all markets and jurisdictions in which it operates, and to comply with both the specific provisions and the spirit of all relevant laws and regulations. This policy applies not only to money laundering related to the proceeds of crime, but also to terrorist financing, and all references to money laundering in the AquireFX Money Laundering Policy and Principles (“MLPP’s”), which include terrorist financing.
This policy reflects the Financial Action Task Force on Money Laundering (FATF) 40 Recommendations to combat money laundering and the 9 Special Recommendations to counter terrorist financing. The MLPP’s set minimum standards and apply to all staff of AquireFX. The following are the main elements of the policy:
Before doing business with any prospective customer, appropriate customer due diligence (“CDD”) is required to be undertaken and recorded. The CDD process comprises (a) the identification and appropriate verification of identity of the customer (and, where different, beneficial owner) and any other relevant parties and (b) additional and appropriate Know Your Customer (“KYC”) information, applying a risk-based approach.
In no circumstances will accounts be operated or relationships established for anonymous customers or in obviously fictitious names or for a shell bank as defined by the FATF.
In no circumstances will accounts be operated or relationships established for anonymous customers or in obviously fictitious names or for a shell bank as defined by the FATF.
Monitoring of transactions and account activity are undertaken by AquireFX. Transactions and account activity involving customers regarded as high risk are the subject of enhanced monitoring.
The Company has procedures in place so that any transactions and/or activities which are believed to be suspicious are reported to AUSTRAC.
Adequate records are maintained to demonstrate that appropriate and ongoing CDD procedures have been followed, and to reconstruct transactions. These records are maintained for at least 5 years after the relationship has ended or after the date of the transaction, or such longer period as required by local law or regulation.
To comply with sanctions and with lists of known or suspected terrorists issued by the UN and by Local Authorities, AquireFX is required to ensure that payments are subject to real time pre-execution screening and against any other sanctions/lists issued by Local Authorities. Appropriate action will be taken when a positive match has been established.
AquireFX is required to provide all staff who may be involved in customer business with suitable and timely induction training and refresher training to ensure that they understand AquireFX’s approach to money laundering deterrence. Staff will receive appropriate training to enable them to understand the money laundering techniques and to remind them of their personal responsibilities.
For AquireFX to further reduce the risk that our service could be used for money laundering or other criminal purposes, AquireFX does not deal in cash at all. We will not accept the settlement of your transaction in cash, by cheque or by credit card. All money is received and remitted by us electronically.
We will also not accept you as a client until we are satisfied that you are who you say you are. Furthermore, we reserve the right at any stage to refuse to process your transaction if you fail to provide us with satisfactory information or, if information you have provided to us subsequently appears to be misleading, incorrect or false.
This AquireFX website has information provided from sources believed to be reliable. We prepared the information in good faith and with all reasonable care.
AquireFX has made every attempt to ensure the accuracy and reliability of the information provided on this website. External sources provided some of the information. We provide the information "as is", and without warranty of any kind. AquireFX does not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information, and models contained on this website.
AquireFX makes no warranties, promises and/or representations of any kind, expressed or implied, about the nature, standard, accuracy or otherwise of the information provided in this website nor to the suitability or otherwise of the information to your circumstances.
We will not be liable for any loss or damage of whatever nature (direct, indirect, consequential, or other) whether arising in contract, tort or otherwise, which may arise because of your use of (or inability to use) this website, or from your use of (or failure to use) the information on this site. This website provides links to other websites owned by third parties. The content of such third-party sites is not within our control, and we cannot and will not take responsibility for the information or content thereon. Links to such third-party sites are not to be taken as an endorsement by AquireFX of the third-party site, or any products promoted, offered or sold on the third-party site, nor that such sites are free from computer viruses or anything else that has destructive properties. We cannot and do not take responsibility for the collection or use of personal data from any third-party site. Also, we will not accept responsibility for the accuracy of third party advertisements.
AquireFX and the AquireFX logo are registered trademarks of AquireFX Limited.
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