Anti Money Laundering Statment

Money laundering is a serious threat to financial system of all countries, and it leads to destruction of the country’s sovereignty and character.

We are fully committed to complying with all legislation and appropriate guidelines designed to prevent financial crime and to combat money laundering activity and the funding of terrorist or criminal activity.

Money Ocean is committed to fulfilling its duties and obligations under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and 2019 amendment.

Our internal policies, procedure and staff training program are designed to ensure full compliance.

Money Ocean conducts risk-based approach customer’s due diligence at the beginning of the business relationship, this risk assessment is thereafter monitored on an ongoing basis for all transactions.

Since we are subject to Money Laundering Regulations, we undertake a variety of checks to ‘verify’ our client’s identity and their residential address, we are required to request personal documents such as Passports, Residence Cards, Driving Licenses and/or utility bills.

Money Ocean also has in place procedures to ensure that any suspicions that a money laundering offence has been or is being committed are reported to the appropriate authorities.

We may also ask you to provide proof of source of fund and disclose or provide evidence for the purpose of the transactions.

Money Laundering legislation on money laundering and terrorist requires us under a legal duty in certain circumstances to disclose information to the National Crime Agency.

Where Money Ocean knows or suspects that a transaction conducted by a client involves money laundering or terrorist financing Money Ocean will be required to make a money laundering disclosure., we may not be able to inform you that a disclosure has been made or of the reasons for it because the law prohibits ‘tipping-off’.