Legal document
AML & KYC Policy
Last updated: 22 July 2026
1. Commitment
Mercato Brokers is committed to preventing money laundering, terrorism financing, proliferation financing and all forms of financial crime, and complies with the Financial Intelligence and Anti-Money Laundering Act 2002 of Mauritius, the United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019, and the FSC AML/CFT Handbook, as amended from time to time.
2. Customer Due Diligence
All applicants undergo identity verification (government-issued photo ID), verification of residential address (utility bill, bank statement or equivalent issued within the last three months), and screening against consolidated sanctions lists, adverse-media sources and politically-exposed-person (PEP) databases.
3. Enhanced Due Diligence
Enhanced due diligence is applied to higher-risk clients, including PEPs, clients from higher-risk jurisdictions, and clients presenting complex ownership structures. Enhanced measures include source-of-funds and source-of-wealth verification and senior-management approval to onboard or continue the relationship.
4. Ongoing Monitoring
Transactions and account activity are monitored on an ongoing basis for unusual patterns, structuring, third-party funding, and inconsistency with the client's stated profile. Suspicious activity is reported to the Financial Intelligence Unit as required by law.
5. Sanctions
Mercato Brokers does not deal with individuals or entities on the UN, EU, OFAC, HM Treasury or Mauritian sanctions lists, or with any counterparty involved in prohibited activities.
6. Payment Rules
Deposits and withdrawals must originate from and be returned to accounts in the client's own name. Third-party payments are not accepted.
7. Training
All staff undergo AML/CFT training on induction and at least annually thereafter. Additional training is provided when regulations or internal procedures change.
8. Governance
A Money Laundering Reporting Officer (MLRO) and a Deputy MLRO are appointed and approved by the Board. The AML programme is subject to independent review at least annually.
9. Record-Keeping
Client identification records, transaction records and internal suspicious-activity reports are retained for a minimum of seven (7) years after the end of the business relationship or the completion of the transaction, whichever is later.
Risk Warning. Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Leverage of up to 1:1000 can work against you as well as for you. You could sustain a loss of some or all of your invested capital and should not invest money you cannot afford to lose.
Jurisdictional Restrictions. Mercato Brokers does not offer services to residents of jurisdictions where such offering would be contrary to local law or regulation, including but not limited to the United States, Canada, Iran, North Korea, Syria, Cuba and any sanctioned territories.
Mercato Brokers Ltd is regulated by the Financial Services Commission of Mauritius as an SEC-2.1B Investment Dealer. Registered office: 18 Bank Street, Ebene, Mauritius. Contact: info@mercatobrokers.com.