At 6 Point 5 Square, we are committed to upholding the highest standards of compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Our policies and procedures are designed to prevent financial crime, ensure regulatory compliance, and promote transparency in all our business dealings.

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Compliance Framework

We adhere to the relevant AML and KYC laws, including but not limited to:

• The UK Money Laundering Regulations 2017 (as amended)

• The Proceeds of Crime Act 2002

• The Terrorism Act 2000

• Financial Conduct Authority (FCA) regulations and guidelines

• Other applicable international AML and KYC regulations

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Customer Due Diligence (CDD)

We implement rigorous due diligence procedures, including:

• Identifying and verifying the identity of all clients, beneficial owners, and counterparties

• Assessing and understanding the nature and purpose of client relationships

• Conducting ongoing monitoring to detect suspicious activities

• Applying enhanced due diligence (EDD) for high-risk clients and transactions

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Risk-Based Approach

We employ a risk-based approach to AML and KYC compliance, ensuring that:

• Higher-risk clients and transactions undergo greater scrutiny

• Risk assessments are periodically reviewed and updated

• Adequate measures are in place to mitigate risks related to financial crime

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Record-Keeping & Reporting

We maintain detailed records of all transactions and due diligence measures in compliance with legal requirements. Additionally, we report any suspicious activities to the appropriate authorities, such as the UK’s National Crime Agency (NCA).

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Training & Awareness

Our employees receive regular AML and KYC training to ensure they remain up to date with evolving regulations and industry best practices.

 

Commitment to Compliance

6 Point 5 Square is dedicated to fostering a culture of compliance and integrity. We continuously review and enhance our AML and KYC procedures to align with regulatory developments and industry standards.