Anti-Money-Laundering Procedures

Robinhood is required to perform anti-money-laundering checks on new accounts. These processes exist to protect the U.S. markets from known money launderers, or individuals associated with terrorist activities.

We also need to ask every new user if they’re employed by, or affiliated with, another securities firm, or in an executive position at a publicly-traded company. This helps protect the U.S. markets from manipulation (like insider trading).

Please read here if you’re affiliated with another securities firm.

This data, along with all your information, is transmitted securely using SSL encryption. Your bank login information, passwords, and any tokens are never cached or stored on our servers. After the bank linking process, Robinhood has no additional access to your bank account.

Securities-Affiliated Employees

If you fit into any of the following categories, we’ll need you to obtain a written letter of approval from your compliance officer (or your family member’s) before trading with your Robinhood account, in accordance with applicable FINRA rules. The document should be written and signed by a compliance officer of the affiliated person on company letterhead, and explicitly grant you permission to open a Robinhood account. You may also include a request for duplicate account statements and trade confirmations in the letter.

You may be considered a securities-affiliated person if:

  • You associate with or are employed by FINRA, a stock exchange, or a FINRA member firm.
  • You are the spouse of a securities-affiliated person.
  • You are the dependent of a securities-affiliated person.

 Tip: If you’re uncertain about your affiliation status, check with your firm's compliance or human resources officer.

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