Anti-Money Laundering (AML) Compliance Statement
Egzat is committed to preventing money laundering and terrorist financing and complies with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Our AML Framework
Egzat maintains a comprehensive AML framework, including:
1. Firm-Wide Risk Assessment
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Assessment of business-wide money laundering and terrorist financing risks
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Periodic review and updates based on risk exposure
2. Customer Due Diligence (CDD)
Before providing services, we carry out:
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Identity verification of clients
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Address verification
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Verification of beneficial owners (where applicable)
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Understanding the nature and purpose of the business relationship
3. Enhanced Due Diligence (EDD)
Additional checks are applied where:
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Clients are high-risk
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Politically Exposed Persons (PEPs) are involved
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Complex ownership structures exist
4. Ongoing Monitoring
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Continuous monitoring of client relationships
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Review of transactions and activities
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Updating client records where required
5. Record Keeping
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AML records are retained for a minimum of 5 years
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Records include CDD documents, risk assessments, and transaction information
6. Reporting Suspicious Activity
Egzat has internal procedures for:
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Identifying suspicious activity
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Submitting Suspicious Activity Reports (SARs) to the National Crime Agency (NCA) where required
7. AML Training
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AML training is provided to relevant staff
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Training is updated regularly to reflect regulatory changes
Client Obligations
​Clients may be required to:
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Provide valid identity and address documentation
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Disclose beneficial ownership details
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Cooperate with ongoing AML monitoring
Note: Failure to provide requested information may result in refusal or termination of services.
AML Supervision
Egzat is subject to AML supervision under the UK Money Laundering Regulations 2017.
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Supervisory Authority: HM Revenue & Customs (HMRC)
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Status: Applied for / Registered
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