Dated: 28th June 2017
Money laundering is being viewed as a serious criminal offence at Aurelia Pay and we recognize the risk of it to our business. Aurelia Pay as a licensed entity, not just conducts stringent Know Your Customer (KYC) checks, we also comply with the guidelines as published under section 7 of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Cap. 615 (the AMLO) of Hong Kong (the “AML Policy”) to prevent persons engaged in money laundering and terrorism financing from utilizing Aurelia Pay services.
This policy statement sets out Aurelia Pay’s expectation of the general principles and key measures to which the business adheres to. We demonstrate our full commitment and support to high standards of compliance with the AML Policy requirements, the Financial Action Task Force (FATF) recommendations, the Organisation for Economic Co-operation and Development (OECD) standards as well as other applicable international best practices by establishing robust and comprehensive policy, procedures, processes and systems for the prevention and detection of money laundering and terrorist financing activities.
Aurelia Pay complies with the AML general principles to prevent Money Laundering through:
(i) verifying the identity of our clients with Know Your Customer (KYC) checks;
(ii) sophisticated filtering and effective detection system to scrutinise customers’ transactions;
(iii) screening of individuals and entities against sanction programs;
(iv) provision of full and timely disclosure of suspicious transactions to the relevant authorities and in line with all applicable laws and jurisdictions is prohibited from disclosing this to the client;
(v) records keeping for a minimum period of seven years of all identification and transaction details obtained from you, as well as of all documents in accordance with statutory requirements; and
(vi) regular communication, supplemented with latest updates on AML and training programs through various channels
(i) Aurelia Pay does not work in or with jurisdictions listed as High-risk and non-cooperative jurisdictions by the Financial Action Task Force (FATF) http://www.fatf-gafi.org/countries/#high-risk.
(ii) Aurelia Pay does not transact with individuals or entities associated to any listing within prescribed sanctions lists. We actively screen individuals and entities against sanction programs such as United Nations Security Council (UNSC) and Office of Foreign Assets Control (OFAC) to ensure that we do not deal with any sanctioned individuals or entities.
Should suspicion arise from a transaction which may be connected to money laundering or any other illegal activity, Aurelia Limited reserves the right to refuse the transaction at any time. We will not do or offer to do business with any entities or individuals suspected of or directly involved in money Laundering or where funds have been sourced by any illegal activity.
You are advised to check this webpage periodically to be updated as Aurelia Limited may update this Anti-Money Laundering Policy at any time. Should you have any question in regards to Aurelia Pay Anti Money Laundering (AML) Policy, do email us at firstname.lastname@example.org.