Draft for legal and operational approval. Prepared in the name of Valor Financial (Mauritius) Ltd. It is not in force and does not activate accounts, services or promotions. The specific conditions and controls described must be validated before publication and contracting.
Trade America is the trading name of Valor Financial (Mauritius) Ltd.
- Mauritius registration
- C121829
- FSC licence · Asset management
- C113012533
- Head office address
- 5th Floor, The CORE Building, No.62, ICT Avenue, Cybercity, Ebene, Mauritius
In this document 8 sections
01 Purpose and timing
Valor Financial (Mauritius) Ltd’s KYC (individuals) and KYB (businesses) policy sets proposed identification and verification requirements before acceptance and throughout the relationship. Their extent depends on service, risk and law. Incomplete registration does not authorise trading, management powers or waiver of required checks. Decisions must be recorded and communicated to the extent legally permitted.
02 Individual clients
Requirements may include legal name, birth date, nationality, residence, tax identification where relevant, valid identification and address evidence. Authenticity and correspondence with the applicant must be checked through reliable, proportionate means. Validity, translation requirements and acceptable alternatives must be disclosed during onboarding. Documents unnecessary for the purpose must not be required, nor identifiers exposed through public channels.
03 Businesses and representation
For businesses, checks must cover existence and registration, address, activity, ownership and control structure, relevant directors, representative authority and account purpose. Incorporation documents, registry extracts, ownership charts and authority to act may be required. The representative must also be identified. Official registry documents must be checked for currency and consistency, without assuming authenticity from appearance alone.
04 Beneficial ownership and effective control
The Company must identify the natural persons who ultimately own or control the client, including control through means other than direct shareholding. Structures with intermediate companies, trusts or similar arrangements require understanding the chain and relevant roles. Compliance must apply current legal thresholds and criteria; no percentage alone removes the need to assess actual control. Lack of transparency can prevent acceptance.
05 Profile, funds and enhanced diligence
The relationship’s purpose, economic activity, expected volumes and source of funds must be understood proportionately. Source of funds concerns money used in a transaction; source of wealth concerns how wealth was accumulated. Higher-risk situations may require additional evidence, independent confirmation, senior approval and more frequent monitoring. Requests must have a reason and cannot be used to penalise withdrawal requests.
06 Remote verification and data protection
Documents must be provided only through the secure channel actually made available for KYC. This corporate website does not collect documents, biometrics or selfies. If biometrics, liveness checks or an external provider are adopted, purpose, legal ground, recipients, retention and any appropriate alternative must be disclosed before collection. Automation must allow suitable review of failures or challenges as required by law.
07 Updates, outstanding checks and closure
Changes in address, control, representation, documents, political exposure or activity patterns may require reassessment. Review frequency must follow risk and the approved schedule. Outstanding items must be identified where permitted, with guidance for correction. If due diligence cannot be completed, the Company must assess refusal, restriction or closure and relevant legal duties. Balances, open positions and refunds follow the agreement, law and payment policy.
08 Rights and limits of approval
Clients must provide truthful data and may request correction, clarification or make a complaint. KYC approval is not investment advice, a safety guarantee or approval for every product. Legally protected suspicion information will not be disclosed. Retention and exercise of rights follow AML and privacy policies, subject to statutory duties.
Official references
Sources consulted for this version. Check current texts and procedures before applying them.
Company contact
Valor Financial (Mauritius) Ltd
Trading name: Trade America