Certification of Trade Elements

Under the current institutional framework, established internationally in an effort to prevent the use of the financial system for money laundering, derived from criminal activities and terrorist financing, all credit institutions have an obligation to request from traders specific documents confirming their data. Under this regulatory framework, credit institutions are obliged not to carry out any transactions unless they have previously certified and verified the identity of the trader. They also have an obligation to ask their customers for information. For this reason, when a credit institution requests your details for a transaction or for the commencement or continuation of your trading relationship, you should be aware that it applies the requirements of applicable law and cannot do otherwise. The documents must be produced originals and credit institutions are required to keep copies.