Anti-Money Laundering Policy
Absel Markets is fully committed to the prevention of money laundering and the financing of terrorism. We apply international standards and FSC Mauritius regulatory requirements to detect, deter, and report suspicious financial activity across all client accounts.
Download AML & KYC PolicyFighting financial crime at every level
Absel Markets is fully committed to the prevention of money laundering (AML) and counter-financing of terrorism (CFT). We adhere to international standards and all applicable legal requirements — including the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA), FSC Guidance Notes, and FATF Recommendations — to protect our clients, our platform, and the integrity of the global financial system.
Our AML and KYC procedures apply to all clients, transactions, and business relationships. Every client is required to complete full identity verification before accessing our trading services. We take our regulatory obligations seriously and work proactively to prevent our platform from being used for illegal purposes.
FIAMLA Compliant
Fully compliant with Mauritius Financial Intelligence and Anti-Money Laundering Act 2002 and 2018 Regulations.
FATF Aligned
Procedures aligned with the Financial Action Task Force (FATF) international standards and 40 Recommendations.
KYC Mandatory
All clients undergo rigorous identity verification before any deposits, withdrawals, or trades are permitted.
24/7 Monitoring
All transactions and account activity are monitored continuously using automated systems and manual compliance review.
Five pillars of our AML/CFT framework
Absel Markets' AML programme is built on five core commitments that govern how we identify, prevent, and respond to financial crime across all aspects of our business.
Regulatory Compliance
Absel Markets strictly complies with all AML and CFT regulations applicable in Mauritius and any other jurisdiction in which we operate. This includes FIAMLA 2002, the Prevention of Terrorism Act 2002, FSC rules, and all applicable FATF recommendations. Our compliance programme is reviewed at least annually by our MLRO and Compliance Department.
Know Your Customer (KYC)
We require all clients to complete a thorough identity verification process before accessing our platform. This includes valid government-issued photo identification, proof of current residential address, source of funds declaration, and — for higher-risk clients — enhanced due diligence documentation. Corporate clients must provide full beneficial ownership disclosures.
Transaction Monitoring
All client transactions are continuously monitored for suspicious activity using automated risk-scoring systems and manual compliance review. This includes irregular trading patterns, unusually large deposits or withdrawals, transactions inconsistent with the client's stated profile, and activity linked to sanctioned entities or high-risk jurisdictions.
Risk-Based Approach
Absel Markets applies a risk-based approach to AML/CFT compliance by assessing the potential risks associated with each client's profile, country of residence, source of funds, and transaction history. Higher-risk clients — including Politically Exposed Persons and clients from high-risk jurisdictions — are subject to Enhanced Due Diligence (EDD) and more frequent ongoing monitoring.
Staff Training
All employees of Absel Markets are trained upon joining and at least annually thereafter to identify, prevent, and report suspicious activities in accordance with AML/CFT regulations. Training covers red flags, KYC procedures, the SAR reporting process, sanctions compliance, and the legal consequences of non-compliance for both the individual and the Company.
Sanctions Screening
All clients and counterparties are screened against international sanctions lists at onboarding and on an ongoing basis. Sanctions lists screened include those issued by the United Nations, the United States Office of Foreign Assets Control (OFAC), the European Union, and HM Treasury. Sanctioned accounts are immediately frozen and reported to the relevant authorities.
Submit Your Identity Documents
Provide a valid government-issued photo ID — passport, national identity card, or driver's licence. All documents must be current and clearly legible.
Proof of Address
Submit a recent proof of your current residential address — a utility bill or bank statement dated within the last three months, clearly showing your name and address.
Source of Funds Declaration
Confirm the source of funds you intend to deposit and trade with. For larger deposits, additional documentary evidence of source of wealth may be required.
Verification & Approval
Our Compliance team will review your documents and notify you of the outcome within 24 hours. Approved clients may then fund and begin trading immediately.
Our KYC verification process
Before you can deposit or trade, we must verify your identity in accordance with our AML/KYC obligations under FIAMLA 2002 and FSC requirements. The process is straightforward and typically completed within 24 hours.
Start VerificationYour responsibilities as an Absel Markets client
All clients of Absel Markets are required to comply with our AML/CFT policies. By using our services, you acknowledge and agree to the following obligations.
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Use only legitimately sourced funds All funds deposited into your Absel Markets account must be derived from legitimate, lawful sources. You must not deposit funds originating from any criminal activity.
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Provide accurate and complete information You must provide truthful, accurate, and up-to-date personal and financial information at all times. Providing false or misleading information is a serious offence.
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Do not use your account for illegal purposes It is strictly prohibited to use your Absel Markets account for money laundering, terrorist financing, tax evasion, or any other illegal financial activity.
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Cooperate with compliance requests You must respond promptly to any requests for additional documentation or information from our Compliance team as part of our ongoing AML monitoring obligations.
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Notify us of changes to your circumstances You must promptly inform Absel Markets of any material changes to your personal information, financial circumstances, or the source of funds used for trading.
Zero Tolerance Policy
Absel Markets has a zero-tolerance policy toward money laundering, terrorist financing, and any other form of financial crime. We reserve the right to refuse account opening, suspend trading activity, freeze funds, or permanently terminate any account where activities are suspected to contravene AML/CFT regulations or applicable law.
All suspicious transactions are reported to the Financial Intelligence Unit (FIU) of Mauritius in accordance with Section 14 of FIAMLA 2002. Clients involved in financial crime may also be reported to law enforcement authorities and other relevant regulatory bodies.
Safeguarding the Financial System
Our commitment to AML compliance forms part of a broader effort to maintain the integrity of the global financial system. We work collaboratively with the FSC of Mauritius, the FIU, and international regulatory bodies to ensure that Absel Markets remains a safe, trusted, and transparent trading environment for all our clients.
About Absel Markets
Empowering traders worldwide with access, transparency, and integrity.
Absel Markets is authorised and regulated as an Investment Dealer by the Financial Services Commission (FSC) of Mauritius under Global Business Licence No. GB25205423. We are fully committed to the highest standards of regulatory compliance across all areas of our business.
Our Compliance Department operates independently and is responsible for implementing and overseeing all AML, KYC, and CFT procedures. A dedicated Money Laundering Reporting Officer (MLRO) is appointed in accordance with FSC and FIAMLA requirements.
If you have any questions about our AML policies or your KYC verification, please contact our team at compliance@abselmarkets.com.
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Trade with a broker you can trust
Absel Markets operates under the full supervision of the FSC of Mauritius with strict AML and KYC standards in place to protect every client and the integrity of our platform.