AML Policy

AML Policy

Anti Money Laundering (AML) is a policy which refers to the laws, regulations and procedures intended to prevent criminals from legitimizing illegally obtained funds.

KEY POINTS

  • Financial institutions adhere to the Anti Money Laundering (AML) to prevent and combat money laundering, the financing of terrorism and other financial crimes.
  • Criminals use money laundering to conceal illegal means of obtaining money.
  • AML regulations require financial institutions to monitor customers’ transactions and report on suspicious financial activity.

Urus Corp is a licensed provider of brokerage services, and conducts business with integrity in accordance with all relevant laws and regulations.
The Anti-Money Laundering (hereinafter referred to as “AML”) policy, encompasses legal measures financial institutions use in order to ensure the safety of business and customers alike, as well as to combat illegal activities.
Urus Corp conducts strict background and identity checks of all clients, affiliates, and employees, as is necessary to combat money laundering and the funding of terrorist activities.
Our delegated officer maintains close contact with relevant authorities, and reports suspicious activity to them, as is in compliance with the AML policy practices.

Urus Corp is consistent in its efforts to act in accordance with the AML policy objectives. Such measures include, but are not limited to:

(a) Multi-level identity verification procedure to access the personal account;
(b) Recording of personal data provided by clients, affiliates, and employees to Urus Corp;
(c) Conducting rigorous background checks of clients, affiliates, and employees, based on suspicions of criminal activity;
(d) Blocking cash, payment orders, suspicious third-party transactions;
(e) Notifying relevant authorities of the detection of suspicious activity.

Using legal businesses in attempts to legitimize illegally-obtained money is prohibited by law, and Urus Corp puts all necessary efforts to ensure that Urus Corp platform is not used for such activity.

The implementation and adherence to these guidelines is done for the safety of the Urus Corp community.