In accordance with strict financial rules and regulations, Needyex.net collects and verifies the personal identification data of all our clients account holders. Needyex.net 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. 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. Needyex may monitor funding from various bank accounts outside of the account client homeland.
  2. Needyex performs its actions on the basis of the anti-money laundering framework set forth by the Financial Authorities.
  3. Needyex neither accepts cash deposits nor disburses cash under any circumstances.
  4. Needyex does not accept third-party deposits of any kind.
  5. Needyex matches each deposit to the account name on file for that customer.
  6. Needyex 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, Needyex is not obligated to inform the client if suspicious activity is reported to any corresponding regulatory or legal bodies.
  8. The withdrawal process at Needyex detailed below is structured around strict guidelines to make sure that funds are securely sent back to their originating source and beneficiary. Needyex reviews all withdrawal requests, verifying the original funds are withdrawn via the same method and to the account holder on file. Needyex examines the withdrawal request against the customer's deposit history to make sure there is no suspicious activities.
  9. Needyex 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.