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Welcome to our Ambitious Capital Limited!

KYC Policies

Investment
Investmen

KYC / AML Policies

Ambitious Capital Limited, a subsidiary of Fortgate Offshore Investment & Legal Service Pvt Ltd, is firmly committed to the highest standards of compliance against money laundering (AML) and anti-terrorist financing (CTF). We prioritize the safety and security of our clients’ funds and actively prevent these illegal activities.

Money Laundering

The process of converting funds received from illegal activities (such as fraud, corruption, terrorism, etc.) into other funds or investments that appear legitimate to hide or distort the actual source of funds. The money laundering process can be divided into three sequential stages:

At this stage, the funds are turned into financial instruments, such as checks, bank accounts, and money transfers, or they can be used to buy high-value goods that can be resold. They can also be physically deposited in banks and non-bank institutions (e.g exchange houses). To avoid suspicion on the part of the company, the bleach can also make several deposits instead of depositing the entire sum at once, this form of placement is called smurf.

The funds are transferred or moved to other accounts and other financial instruments. It is done to disguise the origin and interrupt the indication of the entity that carried out the multiple financial transactions. Moving funds and changing their form makes it difficult to track the money that is being laundered

The funds are re-circulated as legitimate to purchase goods and services. “Ambitious Capital Limited” adheres to the principles of Anti-Money Laundering and actively prevents any action that targets or facilitates the legalization process of illegally obtained funds. The AML policy means preventing the use of the company’s services by criminals, with the objective of money laundering, terrorist financing or other criminal activity. To prevent money laundering, Ambitious Capital Limited does not accept or pay in cash under any circumstances. The company reserves the right to suspend the operation of any client, which may be considered illegal or, in the opinion of the staff, related to money laundering.

Due to the company’s commitment to AML and KYC policies, each company customer must complete a verification procedure. Before Ambitious Capital Limited initiates any cooperation with the client, the company ensures that satisfactory evidence is presented or other measures are taken that produce satisfactory proof of the identity of any client or counterparty. The company also applies increased scrutiny to clients, who are residents of other countries, identified by credible sources as countries, who have inadequate AML standards or who may pose a high risk of crime and corruption and beneficial owners who reside in and whose funds are sourced from named countries. Individual clients
Each client provides personal information, specifically: full name; birthdate; country of origin; and full residential address. The following documents are required to verify personal information: A client submits the following documents (in case the documents are written in non-Latin characters: to avoid delays in the verification process, it is necessary to provide a notarized translation of the document in English) due to KYC requirements and to confirm the indicated information: Valid passport (showing the first page of the local or international passport, where the photo and signature are clearly visible); or Driving license with photograph; or National identity card (showing the front and back); Documents proving current permanent address (such as utility bills, bank statements, etc.) containing the customer’s full name and place of residence. These documents should not be older than 3 months from the filing date.

Company Procedure

Ambitious Capital Limited will ensure that it is a real or legal person. Ambitious Capital Limited also performs all the necessary measures in accordance with the applicable laws and regulations, issued by the monetary authorities. The AML policy is being met within FX of Ambitious Capital Limited by the following means:

  • Know your client’s policy and due diligence
  • Monitor customer activity
  • Registry maintenance