1. AML & Compliance
Updated – March 29, 2018
IBANEO SAS sets up the group of policies and procedures in order to actively pursue the detection and prevention of money laundering and any activity that facilitates money laundering or funding of terrorist or criminal activities or such acts designed to conceal or disguise the true origins of criminally derived proceeds so that unlawful proceeds appear to have been derived from legitimate origins or constitute legitimate assets.
2. What does the UK law require from IBANEO SAS?
2.1. Verify identity and address of the Clients;
2.2. Keep full records of all transactions together with identification provided;
2.3. Monitor any unusual or suspicious transactions of any size;
2.4. Report to TRACFIN any suspicious transaction.
3. What does IBANEO SAS do?
IBANEO SAS is involved in seeking and combating criminal activities through various compliance processes:
3.1. Know Your Customer (KYC) – identify and verify the Clients before transaction;
3.2. Customer Due Diligence (CDD) – regular monitoring of this KYC information;
3.3. Keeping transaction records for all the transactions, which are reasonably necessary to enable that transaction to be readily reconstructed at any time;
3.4. Customer Screening and Payment Monitoring;
3.5. Reporting suspicious Transactions;
3.6. Implementation of an AML compliance regime;
3.7. Regular trainings for the Staff.
IBANEO SAS makes investments into the advanced compliance tools, which help to fulfil AML Compliance requirements.
4. What are You asked to do?
All our Clients are required to confirm their identity and personal details both when they apply to be new customers or have been our customers for any period of time.
Your cooperation contributes to the successful fight against money laundering and terrorist financing.
5. What is the reason?
Criminals turn money made from drug business, smuggling or arms trafficking into legal by using false identities or taking the names of innocent people.
In order to prevent crime and terrorism IBANEO SAS makes sure that Clients are who they say they are. IBANEO SAS does not accept cash transactions. IBANEO SAS holds confidentially any information about
Your identity and will help stop your identity being used in a counterfeit way.