Client onboarding

Prediction GmbH (hereinafter referred to as "Prediction") is a Swiss financial intermediary (asset manager), licensed under the Federal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector (Anti-Money Laundering Act - AMLA). This Act regulates the combating of money laundering as defined in Article 305bis of the Swiss Criminal Code (SCC), the combating of terrorist financing as defined in Article 260quinquies paragraph 1 SCC, and the due diligence required in financial transactions. 

Prediction’s duties as per AMLA  are the following (list is not complete):

1. Verification of the identity of the customer

When establishing a business relationship, Prediction must verify the identity of the customer on the basis of a document of evidentiary value. Where the customer is a legal entity, the financial intermediary must acknowledge the provisions regulating the power to bind the legal entity, and verify the identity of the persons who enter into the business relationship on behalf of the legal entity.

 

2. Establishing the identity of the beneficial owner

Prediction must obtain a written declaration from the customer indicating who the beneficial owner is.

 

3. Duty to clarify

Prediction must clarify the economic background and the purpose of a transaction or of a business relationship.

4. Duty to report

Prediction must report any violation and file a report with the Money Laundering Reporting Office Switzerland as defined in Article 23 for any violation of the AMLA. 

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FX and CFDs trading are high-risk investments. FX and CFDs are leveraged products that can result in losses exceeding your initial deposit. Trading FX and CFDs on margin carries a high level of risk, and may not be suitable for all individuals. The high degree of leverage offered can work against you as well as for you. This is not a solicitation to invest and you should carefully consider your financial situation as to the suitability to your situation prior to making any investment or entering into any transaction. You should make yourself aware of all the risks associated with FX and CFDs trading and seek advice from an independent financial advisor if you have any questions or concerns. Past performance is not indicative of future results, returns may vary according to market conditions. Trading FX and CFDs is speculative and may involve the loss of principal; therefore, funds placed under management should be risk capital funds that if lost will not significantly affect one's personal financial well-being. No representation is being made that participating in a managed forex account will necessarily lead to profit. Investors may incur a series of consecutive losses and substantial equity drawdowns that can deplete their funds before the occurrence of any meaningful profit accumulation.