LEGAL FOOTER
The ownership of the website: alltheseo.com
Address: Iou 6a, 3048 Limassol, Cyprus;
Trade Register number in Cyprus: HE 368879;
Company director: Pavlos Theristis.
The legal person for the publication:
The Webmaster: Audhill Ltd
Contact the Webmaster: [email protected].
Company contact details:
Main Institution Address: Iou 6a, 3048 Limassol, Cyprus
Email address: [email protected]
The Site Builder: Audhill Ltd
The Publishing Manager: Audhill Ltd
Contact the person responsible for the publication: [email protected].
GENERAL REMARKS
Audhill Ltd is a member locating in Cyprus of the European Union (hereinafter EU) and the FATF which is obliged to execute a legal line of responsibility and rules to implement the AML policies of FATF and EU. The reason for those laws is to detect and avert money laundering including potential terrorist financing.
This document describes Audhill Ltd policy and precautionary measures for the detection and prevention of fraud or terrorism financing activity (hereinafter AML) within the products and services offered by Audhill Ltd to its customers. Used Audhill Ltd methods and approaches based on the Financial Action Task Force (hereinafter FATF) and Bank Secrecy Act (hereinafter BSA) guidance and recommendations.
Consequently, the terms of reference of Audhill Ltd to implement AML procedures and compliance by the FATF recommendations and Cyprus AML regulations.
The policy and terms are provided for information reasons only and is without legal recourse to Audhill Ltd or any of company subsidiaries, officers or agents.
RISK-BASED APPROACH IN Audhill Ltd
Identification of the AML risks of customers and transactions allow Audhill Ltd to determine and implement relational measures to control and minimize these risks. Used risk criteria are the following: countries risk, customer’s risk. Audhill Ltd identify clients who are held in countries having inadequate AML standards or that may represent a high risk of crime and corruption in accordance with FATF recommendations.
COMPANY PROCEDURES
In relation to FATF recommendations all procedures based on the risk-based approach. For AML compliance Audhill Ltd implements next procedures:
· AML Employee Instructions
AML instructions are set to acquaint employees with the process of money laundering — the criminal business used to cover up the true origin and ownership of illegal bills, the laws that make it a crime and approaches to investigate the suspected activity.
· Clients Activity Monitoring
Taking into account fraudulence in the financial flows Audhill Ltd demands on regular monitoring of the activity of every client to identify and prevent any suspicious transactions. This monitoring provides for identification inconsistent and untypical transactions usual client's transaction history known from previous client activity monitoring.
· Due Diligence
Within the process of payment, each client has to provide personal information, including:
ü full name;
ü complete address (city and country);
ü phone number;
ü city code;
ü email.
Accordingly, before start providing services and products Audhill Ltd assures evidence has proceeded or such other precautionary measures that will produce satisfactory evidence of the identity of any customer.
· Record Keeping
Audhill Ltd saves records of all documents and/or information received for the purpose of customer identification (KYC policy requirements). Audhill Ltd reserves the right record keeping for a minimum of 5 years. FATF or other AML regulator can increase the period of the record keeping.
In the investigation suspected activity Audhill Ltd reserves the right to provide the customer information of the law-enforcement agency and organizations responsible for controls AML laws.
Last update: 31.10.2018