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.