Effective Date: 15/02/2025
At Fresh Advice, we are committed to preventing money laundering and ensuring compliance with all applicable laws and regulations. This policy outlines our approach to combating money laundering and the measures we take to protect our business and clients.
Purpose
The purpose of this policy is to establish a framework for identifying, preventing, and reporting suspicious activities that may be related to money laundering or terrorist financing. We aim to maintain the highest standards of integrity and transparency in our operations.
Compliance with Laws
Fresh Advice complies with all relevant anti-money laundering (AML) laws and regulations. We are committed to implementing effective policies and procedures to detect and prevent money laundering activities.
Customer Due Diligence (CDD)
We conduct thorough customer due diligence to verify the identity of our clients. This includes:
- Collecting and verifying personal information, such as name, address, date of birth, and identification documents.
- Assessing the risk level of each client based on their profile and transaction history.
- Monitoring client transactions for unusual or suspicious activity. Reporting Suspicious Activity
If we identify any suspicious activity that may indicate money laundering or terrorist financing, we are obligated to report it to the appropriate authorities. This includes:
- Transactions that appear to be inconsistent with a client’s known profile or business activities.
- Large cash transactions or unusual patterns of activity.
- Any other activity that raises suspicion. Employee Training
We provide regular training to our employees on anti-money laundering policies and procedures. This training ensures that our staff is aware of the signs of money laundering and understands their responsibilities in reporting suspicious activities.
Record Keeping
We maintain accurate and comprehensive records of all transactions and customer due diligence efforts. These records are kept for a minimum period as required by law and are available for review by regulatory authorities.
Cooperation with Authorities
Fresh Advice cooperates fully with law enforcement and regulatory authorities in their efforts to combat money laundering. We are committed to providing any necessary information and assistance in investigations.
Conclusion
By engaging with Fresh Advice, you acknowledge that you understand our commitment to preventing money laundering and agree to comply with our policies. If you have any questions or concerns regarding this policy, please contact us.
Contact Us
If you have any questions about our Preventing Money Laundering Policy, please contact us:
- Email:info@freshadvice.net
- Website: https://freshadvice.net/