Friday, Jul 27, 2012
Changes have been made to the money laundering regulations in Ireland under the Criminal Justice (Money Laundering and Terrorist Financing) Act of 2010. Intrade is now legally obligated to know more about our customers and to comply with the customer due diligence requirements set out in the Act we require all current and future Intrade customers to provide the following:
1. Proof of identity in the form of passport or drivers license (must include photo)
2. Two proofs of address in the form of utility bills, bank statements, recent tax or insurance statements or certificates etc.
This documentation can be scanned and emailed to email@example.com or posted to the following address:
First Floor 12, Office 4
Main St, Lucan,
These documents must be received by 31 August, 2012. If we do not receive this documentation before this date your account will be suspended until the documentation is received.
You may have supplied similar documentation in the past to verify credit card deposits. However, this documentation is no longer valid and you must submit new documentation.
The documentation you supply will be stored in a secure location (both digitally and physically) with access limited to only the Intrade staff required to check and verify the information contained in the documentation.
The Intrade Rules have been updated to reflect these new requirements.
The requirements for proof of ID and proof of address detailed above applies with immediate effect for all withdrawals requested by Intrade customers. No withdrawals will be processed unless the required documentation has been received and verified by Intrade. We understand this is may cause delays to the withdrawal process but we appreciate your cooperation and patience while we comply with this legal requirement.