AML & Compliance Policy
Corporate Avenue Services Limited is committed to preventing and detecting money laundering, terrorist financing, fraud, sanctions breaches and other financial crime. We maintain policies, procedures and controls designed to meet applicable legal and regulatory requirements in the jurisdictions in which we operate, including the UK.
Our approach
We take a risk-based approach to financial crime prevention and apply appropriate controls across our customer onboarding, ongoing monitoring, and transaction processing activities.
Customer identification and verification
To help prevent financial crime and to meet our legal and regulatory obligations, we may request and verify information and documents about customers and, where relevant, related parties (such as directors, authorised signatories, and beneficial owners). This may include:
- identity and address information and supporting documentation;
- business information (where applicable);
- bank account details required to provide services; and
- information regarding source of funds and/or source of wealth, where required.
We may request this information:
- during onboarding (account opening / start of relationship); and
- during ongoing or periodic reviews of existing customers.
Due diligence, screening and risk assessment
As part of our customer due diligence and ongoing monitoring, we may conduct checks including:
- verification of identity and related information using reliable sources;
- screening against relevant sanctions lists;
- politically exposed person (PEP) screening; and
- adverse media screening, where appropriate.
We assess customer risk and apply enhanced checks where higher risk factors are identified. Where we are unable to complete required checks, or where doing so would be inappropriate, we may decline to onboard, restrict services, suspend activity, or terminate the relationship, as permitted by law and contract.
Transaction monitoring and reporting
We maintain controls designed to identify unusual or suspicious activity and to take appropriate action. This may include monitoring transactions and, where required, reporting suspicious activity to the relevant authorities in accordance with applicable law.
Training and governance
Our staff receive periodic training relevant to their roles and responsibilities. Our policies and procedures are reviewed regularly and updated to reflect changes in legal or regulatory requirements and evolving financial crime risks.
Protecting customer information
Protecting customer information is a priority. We apply appropriate technical and organisational security measures designed to protect personal and confidential information from unauthorised access, loss, misuse or alteration.
Contact
If you have questions about our financial crime controls or compliance framework, please contact: admin@corporateavenue.co.uk