Due Diligence Requirements

Saxo Capital Markets is required to comply with the MAS Notice SFA 04-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism and the related guidelines. Saxo Capital Markets is therefore obliged to apply stringent due diligence measures whenever a new client applies for an account, which must at least include:

  1. Identifying the customer and verify identity based on documents, data or information obtained from a reliable and independent source.
  2. Identifying the beneficial owners where applicable
  3. Obtaining information on the intended purpose and nature of the business relationship.
  4. Monitoring the ongoing business relationship, including the transactions made, ensuring that documents, data and information held are kept up-to-date.

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