BeeMarkets UAE strictly adheres to the UAE Federal Decree-Laws and Capital Market Authority (CMA) regulations regarding Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). As a Category 5 introducing broker, we have a zero-tolerance policy towards financial crime. Our primary responsibility is to verify the identity of all clients before facilitating an introduction to our partner broker.
Our compliance programme is managed by qualified personnel with oversight from our designated Compliance Officer. Technology is used as a supporting tool to enhance efficiency, but all critical decisions and regulatory reporting are made by trained compliance staff. This ensures accountability and adherence to CMA requirements.
Before we can introduce you to our partner broker, we are legally required to verify your identity. This "Know Your Customer" (KYC) process is mandatory and helps protect both you and the financial system. It includes:
Our compliance team monitors client activities for suspicious behaviour. We are obligated to report any suspicious activity to the UAE Financial Intelligence Unit (FIU) and the CMA. This includes transactions that appear to have no economic justification or that are structured to avoid reporting requirements. Our compliance staff reviews all alerts generated by our monitoring systems.
We maintain all KYC and transaction records for a minimum of five years after the end of our business relationship, as required by CMA regulations.
We reserve the right to refuse to introduce a client or to terminate our relationship with a client if we are unable to verify their identity or if we suspect their activities involve money laundering or terrorist financing.