Anti-money Laundering

Anti money Laundring

Economic Consultants works with the Top 25 banks, Brokers, Family Offices and other Financial Institutions all over the world and does not tolerate money laundering and supports the fight against money launderers. In particular, we follow the guidelines outlined in the US “Patriot’s Act” and by US regulators.

EC has KYC policies in place to deter people from laundering money. These policies include:

  • Ensuring clients have valid proof of identification
  • Complete and sing the EC CIS
  • Maintaining records of identification information
  • Determining that clients are not known or suspected terrorists by checking their names against lists of known or suspected terrorists
  • Informing clients that the information they provide may be used to verify their identity
  • Closely following clients’ money transactions
  • Not accepting cash, money orders, third party transactions, exchange houses transfers or Western Union transfers.

According to the National Futures Association: ‘money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources’.

Money Laundering usually follows three stages:

  • Firstly, cash or cash equivalents are placed into the financial system
  • Secondly, money is transferred or moved to other accounts (e.g. futures accounts) through a series of financial transactions designed to obscure the origin of the money (e.g. executing trades with little or no financial risk or transferring account balances to other accounts)
  • And finally, the funds are re-introduced into the economy so that the funds appear to have come from legitimate sources (e.g. closing a futures account and transferring the funds to a bank account).

Trading accounts that are carried by FCM’s are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute financial transactions that help obscure the origins of the funds.

International Anti-money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect and report potential suspicious activity.

These guidelines have been implemented to protect Economic Consultants, its Funders and its Clients.

For questions/comments regarding these guidelines, contact EC Compliance at info@economic-consultants.com

Date Adopted: January 1st 2007

Lars Johan Myrtroen, Executive Chairman & Founder

Fully Fledged Off Shore Bank

We have made an Agreement with a highly reputable private bank offering the following services to our clients:

  • Individual Bank Accounts
  • Corporate Bank Accounts
  • Merchant Bank Accounts
  • Online Banking
  • Debit Cards
  • Master Card

How to start the Process?

Complete our EC CIS - for opening a Bank Account 2017 and return it to us. We will answer with our EC NSNC NDA. With that in place you will receive our EC Service Agreement for Opening a Bank Account, detailing and repeating the terms discussed and as presented in the The EC 3 STEP Program for opening Bank Account 2017. To get the pre-approval of account opening you do not require personal presence, scanned copies of KYC set of documents are sent via e-mail.

Time- Frame

    Account opening procedure takes 2-5 business days. Premium account opening takes 2 business days.

EC Trading Programs

The EC Secure Trading Platform is a well established vehicle returning solid profits year after year (60 to 120%). Minimum investment amount 100K€/$/£. Profits paid out each month if wanted and one month notice only.

Our Blocked Funds Service offers trading at very high LTV values with great weekly or monthly returns. Money always remain in clients own bank account with full control.

When needed we assist with establishing Trading Accounts (MT4) and Platform access for our clients. Several providers available.

We also have direct access to Tier One Trading Platforms and Managed Bank Guarantee Programs with full deposit protection programs and high returns.

Our "Inside The Bank Program" is our Flag ship, offering transparency, high and steady returns with monthly payouts or a compound solution. We assist you and help you set up your own bank account in a top ranking bank in London, from where the trading is done.

For more information go to Investments, Trading Platforms above or Contacts and complete the form under Contact Us, or contact one of our partners. You can find contact details for all of us under the Contact page! Alternatively write to info@economic-consultants.com.

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