In October 2001, the President of the United States signed into law the Patriot Act. The Patriot act provides the United States Government with additional tools to fight the funding of terrorism and money laundering activities. As a result, financial institutions like Variance Futures are required to adopt and enforce anti-money laundering policies and procedures that include a customer identification program.

What is money laundering?
Money laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities. Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud, racketeering, and terrorism.

Our Commitment
Variance Futures is committed to complying fully with all applicable laws and regulations relating to fight money laundering and any activity which facilitates the funding of terrorist or other criminal enterprises.

As part of Variance Futures' anti-money laundering policies and procedures, Variance Futures requires its customers to provide certain documents that will assist Variance Futures and its clearing brokers in verifying your true identity.

Our Client Identification Procedures for New Accounts
When you open an account through Variance Futures, we will ask you for your name and address and an identification number.
For U.S. individuals, you will need to provide a taxpayer identification number such as your social security number. For U.S. Corporations/entities, you will need to provide the entity's employer identification number (EIN). For non-U.S. individuals, you will need to provide a passport or other government-issued photo identification document. For non-U.S. entities, you will need to provide a taxpayer identification number and other documentation as we may require.
If Variance Futures is unable to obtain reasonable identification verification, we reserve the right to request additional documentation as we may require and possibly decline your account.