Curetons Property Finders is committed to conducting its business in an ethical and responsible manner, which includes complying with all applicable laws and regulations related to anti-money laundering (AML) and counter-terrorism financing (CTF). This Anti-Money Laundering Policy outlines the measures and procedures Curetons will implement to prevent money laundering activities in accordance with the UK Money Laundering Regulations.
Policy statement
Curetons is dedicated to the prevention of money laundering activities and will take all necessary steps to ensure compliance with AML and CTF regulations in the United Kingdom. We understand that money laundering poses serious risks to the integrity of the financial system and society as a whole and are committed to our role in mitigating these risks.
Responsibilities
1. Designated Money Laundering Reporting Officer (MLRO)
Curetons shall appoint a designated Money Laundering Reporting Officer (MLRO) who will be responsible for:
- Overseeing the implementation of AML and CTF policies and procedures.
- Assessing and reporting any suspicious activity to the relevant authorities.
- Keeping up-to-date with AML regulations and ensuring ongoing staff training and awareness.
2. Compliance team
The Compliance Team will assist the MLRO in ensuring that AML and CTF policies and procedures are effectively implemented throughout Curetons. They will conduct due diligence on clients, monitor transactions, and report any suspicious activity to the MLRO.
3. All employees
All employees of Curetons are responsible for:
- Understanding and complying with this AML Policy.
- Completing required AML training and refresher courses.
- Reporting any suspicious activity or concerns to the Compliance Team or the MLRO.
- Customer Due Diligence (CDD)
Identification and verification of customers
Curetons will perform thorough identification and verification of all customers and beneficial owners before establishing a business relationship or conducting transactions. This includes verifying the identity of individuals, entities, and any politically exposed persons (PEPs).
Ongoing monitoring
Curetons will continuously monitor customer accounts and transactions for any unusual or suspicious activities. Enhanced due diligence will be conducted for high-risk customers, and records will be maintained for at least five years.
Reporting suspicious activity
If any employee, including the MLRO or Compliance Team, suspects or becomes aware of any activity that may be related to money laundering or terrorist financing, they must report it to the MLRO. The MLRO will then assess the report and, if necessary, report it to the appropriate authorities.
Record keeping
Curetons will maintain records of customer due diligence, transactions, and reports of suspicious activity for a minimum of five years. These records will be readily available for inspection by relevant authorities.
Training and awareness
All employees will receive appropriate training and ongoing awareness programs to ensure they are informed about the latest AML and CTF regulations and Curetons policies and procedures.
Cooperation with authorities
Curetons is committed to cooperating fully with law enforcement agencies, regulatory bodies, and other authorities in matters related to AML and CTF investigations.
Review and updates
This Anti-Money Laundering Policy will be reviewed periodically and updated as needed to ensure its effectiveness and compliance with changing regulations.
Curetons is dedicated to maintaining the highest standards of integrity and ethics in its business operations. This Anti-Money Laundering Policy outlines our commitment to combating money laundering and terrorism financing, and we expect all employees to fully comply with its provisions.