We have in place Policies and Procedures as required by applicable laws and regulations of the jurisdictions which we are licensed in, on the prevention of money laundering and terrorist financing. This requires our head office and branches around the world to have effective programs in place to comply with applicable laws, regulations and ethical standards.
Our Compliance Officers together with a dedicated team, oversee these policies, practices and procedures. They also conduct ongoing training for all our employees about these policies, practices and procedures and are responsible for meeting our reporting obligations to the national Financial Intelligence Units.
We have in place procedures and routines regarding Know-Your-Customer and Customer Due Diligence for instance, identifying customers and beneficial owners and verifying their identity on the basis of documents, data or information obtained from reliable and independent sources. We pay particular attention to:
- Understanding the ownership and control structure of our customers
- Obtaining information on the purpose and intended nature of the business relationship
- Monitoring the business relationship
We have also partnered with third parties providers to ensure that our compliance does not only meet the required standards pursuant to applicable laws and regulations, prioritise our customers' trust and confidence in our services and also ensures that our clients have a seamless and smooth onboarding experience.
Shufti Pro for ID Verification
Shufti Pro is a UK based company with headquarters in Sweden, and is well equipped to handle our global verification requirements with its Universal Language Support Team. Shufti Pro’s verification services deliver important benefits while ensuring that our clients have a seamless onboarding experience. Shufti Pro’s state of the art SaaS solutions engage both artificial intelligence and human nous to accurately and simply verify each applicant. The process is diligent yet not cumbersome for traders.
World-Check is a risk intelligence database which is helping us meet our regulatory obligations, make informed decisions and help us avoid inadvertently being used to launder the proceeds of financial crime or unwittingly associating with corrupt business practices. World-Check helps us meet our due diligence obligations, identify potential financial criminal activity with information from reputable public domain sources and address our Politically Exposed Persons monitoring requirements.
We have also partnered with SEON which is a fraud detection and prevention tool that detects and stops fraud in real time through transactional data analysis. This tool allows us to ensure that our clients are not engaged in fraudulent activities while using our services.
We have also partnered with Lucinity’s Transaction Monitoring tool to detect potential suspicious behaviour and transactions to ensure that our clients are not performing any money laundering or fraudulent activities while using our platform and/or services.