Compliance/AML
Our organisation places good governance at its core
Not only does good governance contribute to the success of our organisation, but it is also critical to the security of our clients and staff. Governments across the globe have recognised money laundering, money financing of criminal activities, and terrorism as significant risks. In addition, financial crime and tax evasion undermine offshore financial systems and distort markets.
Pre-trade and post-trade fraud detection systems are contained within the robust risk management processes and effective, well-established system of internal controls that Volity maintains. Assisting in the fight against money laundering and the financing of terrorism while safeguarding our clients, our qualified global compliance teams ensure that we adhere to all applicable laws.
Volity's internal governance procedures
Self-assessment
We evaluate our adherence to relevant regulations, risk management procedures, and internal controls using self-assessment tools.
Internal Audit
Keep up a competent internal auditing department that assesses the degree of compliance with relevant laws and regulations.
Education and Training
We acknowledge that staying current with prudential requirements and best practices requires essential training and development.
Mandatory training
Furthermore, we mandate anti-money laundering and compliance training for staff members who oversee and manage financial transactions.
Awareness
Our staff members are credentialed with professional memberships and certificates from international organisations.
KYC, SOW, and SOF
As a requirement of our licences and in compliance with Know Your Customer (KYC), Source of Wealth (SOW), and Source of Funds (SoF).
No third-party transactions
We don’t take deposits from or withdraw money from third parties. Whenever feasible, all deposits are reimbursed the original source.
Identification technologies
In addition, we employ electronic databases and cutting-edge document authentication technologies.
Sanctions adherence
We also periodically add economic profile information to our client files and conduct background checks.
Compliance + AML, frequently asked
How does Volity verify client identity?
Volity routes execution through UBK Markets Ltd, regulated by CySEC under the Cyprus Investment Services Law and the EU 5th Anti-Money Laundering Directive (5AMLD). Every client must complete KYC verification before live trading: identity check, proof of address, and source-of-funds review for material deposits.
What documents do I need to open an account?
A government-issued photo ID (passport, national ID, or driving licence) plus a proof of address dated within the last three months (utility bill, bank statement, or government correspondence). Source-of-funds documentation may be requested for deposits above defined thresholds, in line with CySEC AML rules.
How does Volity prevent money laundering?
Volity applies layered AML controls: identity verification at onboarding, ongoing transaction monitoring, screening against sanctions and PEP lists, suspicious-activity reporting to MOKAS (Cyprus FIU), and periodic client-risk reviews. The framework matches CySEC and EU 5AMLD requirements; UBK Markets Ltd is the regulated entity responsible for AML obligations.
