Caveo financial brokerage

Our mission is to provide a safe and brilliant experience for traders and investors in the world's largest liquidity markets.

Caveo Brokerage is a Kuwaiti financial market trading company that works to link price providers directly through the highest levels of advanced technology and high information systems, to become the client connected to the market constantly and ready to trade, our mission is to provide superior experience to traders Investors in the world’s largest liquidits markets .

The company's headquarters in Kuwait

Legal licenses

Caveo Brokerage Company is a company specialized in trading in the financial and international markets, Is a closed joint stock company with license no. (M/2137/2010) by the Ministry of Trade and Industry of Kuwait, It is unique in providing advanced trading technology that differs from all financial intermediaries in the currency market with full transparency and direct connectivity with global banks.

Anti-money laundering and terrorist financing policy

  • Caveo Brokerage Company is a Kuwaiti company that has been engaged in the field of brokerage since 2010 by providing global investment products through the internationally recognized trading platform "Meta Trader 4 and Meta Trader 5 (MT4-MT5)" and the company is working to establish the principle of educating customers through Its website caveo.com.kw where it offers a range of training courses and digital lessons for the tools used in trading and how to read the market and know how to deal with news and economic indicators that affect client decisions in the trading process, This is in addition to its application for smart phone devices, which provides customers with knowledge of the news as soon as it is released, And economic indicators, In addition to analysts' reports on economic developments around the world, Some of the recommendations that the client can trade on optionally. The company also provides its clients with a 24-hour trading desk service on trading days (Monday to Friday), The Office provides to clients with services to answer their questions regarding market movement, news and economic indicators without going into determining the direction of the market, To apply the principle of neutrality and specialization. The Department of Training and Analysis is working to disseminate scientific content through the channels of communication available to customers, Whether online or through meetings and training sessions to raise investment awareness and help clients reduce investment risks.
  • Caveo Financial Brokerage is controlled by the Department of Anti-Money Laundering and Terrorist Financing at the Ministry of Commerce and Industry in Kuwait.
  • Caveo Brokerage is keen to develop clear measures to combat money laundering and terrorist financing as part of the company's compliance with the laws and regulations governing this framework in accordance with Law 106 of 2013. And the decision of the Minister of Finance No. 37 for 2013, And to make sure you don't use the company's customer accounts, Whether individuals or companies, For illicit purposes that may relate to money laundering or terrorist financing.
  • Caveo has appointed the compliance controller, His responsibilities include developing compliance policies, which include preparing a customer risk study, and geographical scope, The nature of the products in accordance with the regulations and instructions issued by the Kuwaiti Anti-Money Laundering and Terrorist Financing Department, And what was established by the (FATF) for the development of appropriate controls and standards.
  • The company is keen to study and explain the nature of the work of the company and its departments and the nature of the work of each department to identify the nature of the potential risks for each section and to identify the controls and procedures and measures to be followed for each department, And train the relevant sections on those actions and measures.
  • It is also keen to develop customer due diligence procedures by evaluating new business relationships, and established regulations to control financial transactions Study customer accounts, Analysis of financial movements. All this for the purpose of verifying that there is no suspicion that may be linked or related to money-laundering or terrorist financing in accordance with AML / CFT regulations.

know your customer procedures

The Company performs due diligence procedures when establishing a new relationship by following the customer identification policies and procedures in accordance with the instructions provided by the Kuwait Anti-Money Laundering and Terrorist Financing Department, In order to protect the safety and security of the Company. Due diligence measures are applied to customers for the purpose of reducing the risk to certain customers, To protect against reputational, operational and legal risks, Which could result in significant financial losses.

training

The company has a clear plan to provide periodic training to all its employees for the importance of identification policies and requirements, Awareness of the risks of combating money laundering and financing of terrorism, And the definition of laws and regulations related to the fight against financial crimes, And any other relevant circulars, Whether from the Kuwaiti investigative body or similar international Institutions.

Summary of course contents

  • General information on money-laundering, explanation of money laundering and the financing of terrorism.
  • Duties and Responsibilities of Employees.
  • Internal policies, Such as customer identification procedures and customer due diligence policies.
  • Requirements for suspicious transaction reporting.

Follow-up and development

The company regularly monitors the work plan and procedures for combating money laundering and terrorist financing and develops better methods and measures to obtain better results to reduce suspicious transactions.