AML & Other Process/ Policy
Corporate Avenues Services Limited is committed to supporting Governmental and other regulatory initiatives to prevent the threats of money laundering and terrorist financing activities.
Towards that end, we have put in place a compliance programme and practices that incorporate international standards and best practices as well as all relevant requirements of anti-money laundering and counter-financing of terrorism-related legislation in the jurisdictions in which we operate.
As part of our compliance programme, at the time of onboarding the customer, we go for customer identification by taking the required documents for identity, address, bank details, source of funds, etc.
Customer due diligence takes place by verifying the documents given at the time of registration and is an ongoing process till the time the customer is active with us. Customer Due Diligence also includes a sanction list, PEP and adverse media screening.
During this process, we do a risk assessment of the customer. If any customer found in the above list is defined as High Risk then Enhanced Due Diligence is done in order to open the account.
As part of our compliance programme, we have implemented policies and procedures to detect, prevent and report incidences with direct or indirect connections with money laundering and reporting suspicious activities and transactions.
Transactions are also subject to screening against some of the select and prescribed databases to ensure that the transactions are compliant. The policy and practices are reviewed periodically and updated. All the staff are trained at periodic intervals and are familiar with the practices required to be followed:
Customer security
Security is a critical component due to which we have implemented the best security controls and features to ensure full confidentiality of customer’s account details and financial transactions. Controls such as firewalls, hosting areas and anti-virus software are in place.
The privacy of customer data is one of our most critical priorities. We maintain systems to protect the security of customer information and to protect customer information from unauthorized access. Encryption levels are utilized to prevent spyware issues and hackers.
Secure Online Communications
We utilize numerous levels of physical, logical and software security controls to protect our hosting infrastructure. Data safely travels through “Secure Socket Layer” (SSL) technology using 128-bit encryption. This is the “de facto” standard for data encryption on the Internet. It means unauthorized individuals will not be able to decipher your confidential and sensitive financial information.
Secure Operational Centre
We maintain our servers in a secure third-party vendor place that can only be accessed by authorized senior personnel so that disruptions are both manageable and kept to a minimum.
Privacy Notice
Corporate Avenue Services Limited strives to value and uphold customer and prospect privacy.
For any clarification regarding policy and compliance-related matters, please contact admin@corporateavenue.co.uk
