Safeguarding Your Security: Sohal Market’s Comprehensive Anti-Fraud Measures
Our Commitment to Fraud Prevention and Identity Protection
At Sohal Market, safeguarding you from fraud, identity theft, and deceptive practices is our highest priority. We adhere strictly to Know Your Customer (KYC) protocols to demonstrate our dedication to preventing illegal activities. Our stringent KYC procedures align with industry standards to combat fraud, money laundering, and terrorism financing. Accounts involved in such activities will be promptly terminated, and any related funds will be forfeited.
Advanced Data Protection
We are dedicated to securing your personal information. Our cutting-edge security systems and anti-fraud technology are designed to protect your account details, transaction records, and sensitive data. For electronic transactions like deposits, we require specific documentation to verify your identity.
Required KYC Documentation for Deposit Verification:
Identity Verification:
Provide a clear color copy of your valid passport showing your photo and signature, or a color copy of a government-issued photo ID (both sides required).
Card Verification:
Submit a color photo of your debit or credit card, displaying only the first 6 and last 4 digits on the front. The CVV and middle digits should be obscured on the back, with your signature visible.
Proof of Residence:
Send a recent (within the last 3 months) utility bill, local authority tax bill, or bank statement in color, showing your name as it appears on your ID.
Timely Document Submission
To avoid delays in transaction processing, please submit the required documents promptly. While some features of your account may be accessible initially, specific transactions or deposits will only be processed once verification is completed. Failure to provide the necessary documents may result in withdrawal cancellations and system alerts.
Document Submission Guidelines
Ensure documents are scanned or photographed clearly using a high-resolution camera and saved in JPEG format. Email them to [email protected].
Document Security
All submitted documents are encrypted and securely stored in individual client files to ensure confidentiality.
Consequences of Non-Compliance with KYC Requirements
Adhering to our security and KYC requirements is crucial for safe fund management. Failure to comply may result in a weekly penalty of 5% under the following conditions:
- Not providing the required documents within 5 business days of the initial deposit.
- Not submitting a Declaration of Deposit within 3 business days of subsequent deposits.
Your cooperation is essential for maintaining a secure and reliable trading environment at Sohal Market.