Anti-Money Laundering Policy
Clark Financial collects and verifies the personal identification data of our account holders while logging and tracking itemized statements of all the transactions that are carried out by our clients. Before opening an account with Clark Financial a valid form of government-issued identification (Driver's License, State ID, or Passport), proof of residence, and bank account information is required, along with your completed account application. Additionally, Clark Financial tracks all suspicious transactions of our clients, and transactions executed under non-standard trading conditions.
All Clark Financial client funds are held in separate, segregated accounts that are designated only for client deposits and withdrawals.
Clark Financial monitors funding from various bank accounts outside of the account holder's home country.
Clark Financial performs its actions based on the anti-money laundering framework set forth by the Financial Action Task Force.
Clark Financial neither accepts cash deposits nor disburses cash under any circumstances.
Clark Financial does not accept third-party deposits of any kind.
Clark Financial matches each deposit to the account name on file for that customer.
Clark Financial reserves the right to refuse to process a transaction at any stage where it believes the transaction to be connected in any way to money laundering or criminal activity. By international law, Clark Financial is not obligated to inform the client if suspicious activity is reported to any corresponding regulatory or legal bodies.
Account Opening Procedures - Know Your Customer Policy (KYC)
Before opening an account, Clark Financial shall document the identity, nature of business, income, source of assets, and investment objectives of each prospective customer.
While we welcome clients from all over the globe, governmental restrictions along with our company policies prohibit Clark Financial from opening accounts originating from the following restricted and/or OFAC-sanctioned countries:
Account Opening Requirements and Framework:
Photo ID - The following are acceptable forms of photo identification:
A valid passport
A valid government ID, such as a Driver's License or State ID
A valid National Identity Card
*Please note that all photo IDs are verified through third-party compliance software.
Proof of Residence - The following are acceptable forms of proof of residence:
A utility or phone bill, or a bank statement
All proof of residence must be current and not outdated by more than 90 days
If a withdrawal is flagged for suspicious activity, the withdrawal is placed on hold, pending further investigation by Clark Financial management staff.
Clark Financial Management partners with the treasury team to see if further action is needed and which, if any, relevant regulatory bodies need to be contacted.
The compliance procedures listed above are only brief synopsis of the high-level guidelines observed by the Clark Financial compliance team.