Legal Policies

 

Legal Policies

 

Client Location Policy

BlackBull Markets does not accept clients from the USA or from New Zealand, we further do not accept accounts from other high risk OFAC sanctioned nations.

All BlackBull Group Ltd reserves the right to refuse processing a transaction at any stage where it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international law, All BlackBull Group Ltd is not obligated to inform the client if suspicious activity is reported to any corresponding regulatory or legal bodies.

While we welcome clients from all over the globe, governmental restrictions along with our company policies prohibit All BlackBull Group Ltd from opening accounts originated from 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

Proof of Residence - The following are acceptable forms of proof of residence:
 
A utility or phone bill, or a bank statement
All proof of residences must be current and not outdated by more than 90 days
 
Bank Account Requirements:

All All BlackBull Group Ltd account holders must have a valid bank or credit card account in their name
The bank statement should show their name and the same registered address as their application
 
 

Funds Withdrawal Procedures


The withdrawal process at All BlackBull Group Ltd detailed below, is structured around strict guidelines to make sure that funds are securely sent back to their originating source. All BlackBull Group Ltd customers must complete a signed paper or digital withdrawal request containing their correct account information. The withdrawal form is submitted to the All BlackBull Group Ltd Accounting department for processing. The Accounting department confirms the account balance, verifies that there are no holds or withdrawal restrictions on the account, and then approves the withdrawal request, pending approval by the treasury team. All BlackBull Group Ltd treasury team reviews all withdrawal requests approved by the Accounting department, verifying the original funds are withdrawn via the same method of deposit and to the account holder on file. The treasury team also examines the withdrawal request against the customer's deposit history to make sure there is no suspicious activity, and verifies the bank account on file. Withdrawal requests approved by the All BlackBull Group Ltd treasury department are sent back to the accounting department, and the funds are released to the client. In the event that a withdrawal is flagged for suspicious activity, the withdrawal is placed on hold, pending further investigation by All BlackBull Group Ltd management staff.
All BlackBull Group Ltd Management partners with the treasury team to see if further action needed and which, if any, relevant regulatory bodies need to be contacted.

 

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