{"id":345,"date":"2024-11-27T22:03:09","date_gmt":"2024-11-27T22:03:09","guid":{"rendered":"https:\/\/sterlinginvests.com/en\/?page_id=345"},"modified":"2025-02-12T13:02:34","modified_gmt":"2025-02-12T13:02:34","slug":"aml-policy","status":"publish","type":"page","link":"https:\/\/sterlinginvests.com/en\/aml-policy\/","title":{"rendered":"AML Policy"},"content":{"rendered":"\t\t
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Anti-Money Laundering <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Effective Date: 20\/09\/2024<\/p>

sterlinginvests.com/en<\/a>\u00a0is owned and operated by GLOBAL Markets LLC with registration number 3796 LLC 204 and registration address of Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines.<\/strong><\/p>

sterlinginvests.com/en<\/strong> is committed to preventing and detecting money laundering, terrorist financing, and other illegal financial activities that could harm the integrity of the financial markets. This Anti-Money Laundering (AML) Policy outlines the steps we take to detect, prevent, and report suspicious activities to ensure compliance with relevant regulations.<\/p>

1. Purpose of the AML Policy<\/strong><\/span><\/h5>

The purpose of this policy is to:<\/p>

  • Prevent and detect money laundering, terrorist financing, and other illegal activities.<\/li>
  • Ensure compliance with all applicable anti-money laundering laws and regulations.<\/li>
  • Protect sterlinginvests.com/en<\/strong>\u2019s reputation and maintain the trust of our clients, stakeholders, and regulatory bodies.<\/li>
  • Establish procedures for reporting suspicious activity and identifying the source of funds used in transactions.<\/li><\/ul>
    2. Legal Compliance<\/strong><\/span><\/h5>

    sterlinginvests.com/en<\/strong> will comply with the Anti-Money Laundering (AML) laws and regulations applicable to its operations. This includes, but is not limited to:<\/p>

    • Know Your Customer (KYC) Regulations<\/strong>: To verify the identity of our customers and ensure they are not involved in illegal activities.<\/li>
    • Financial Action Task Force (FATF) Recommendations<\/strong>: We follow international best practices for combating money laundering and terrorist financing.<\/li>
    • Local and International Regulations<\/strong>: We comply with the relevant laws in the jurisdictions where we operate, including all regulatory bodies and their requirements.<\/li><\/ul>
      3. Customer Due Diligence (CDD)<\/strong><\/span><\/h5>

      sterlinginvests.com/en<\/strong> has established comprehensive customer identification and verification procedures to prevent the use of our services for money laundering purposes. The steps in the Customer Due Diligence (CDD) process include:<\/p>

      • Identity Verification<\/strong>: Users must provide valid and government-issued identification, such as a passport, driver\u2019s license, or national ID card, to confirm their identity.<\/li>
      • Address Verification<\/strong>: Users must provide proof of their residential address (e.g., utility bills, bank statements) to ensure that the address provided is legitimate.<\/li>
      • Enhanced Due Diligence (EDD)<\/strong>: For higher-risk clients, including those with a history of criminal activity or involvement in high-risk countries, we will conduct further checks to assess the risk level and establish the legitimacy of their activities.<\/li><\/ul>
        4. Ongoing Monitoring<\/strong><\/span><\/h5>

        Once an account is opened, sterlinginvests.com/en<\/strong> will monitor account activities for suspicious or irregular transactions. This includes:<\/p>

        • Regular monitoring of transactions for large or unusual amounts, especially if they are inconsistent with the user\u2019s history or profile.<\/li>
        • Identifying transactions or patterns of transactions that appear to be structured to avoid detection or reporting thresholds.<\/li>
        • Monitoring users who are located in high-risk jurisdictions or countries that may have weak anti-money laundering controls.<\/li><\/ul>
          5. Politically Exposed Persons (PEPs)<\/strong><\/span><\/h5>

          A Politically Exposed Person (PEP) is an individual who holds a prominent public position, such as a government official, or is closely associated with one. sterlinginvests.com/en<\/strong> will apply enhanced due diligence procedures for all PEPs to assess the potential risk they may present. This may include:<\/p>

          • Scrutinizing their source of funds.<\/li>
          • Verifying their ongoing involvement in public life.<\/li>
          • Monitoring transactions more closely.<\/li><\/ul>
            6. Suspicious Activity Reporting<\/strong><\/span><\/h5>

            If we identify any suspicious activity or behavior that might be indicative of money laundering, terrorist financing, or other illegal actions, we will:<\/p>

            • Investigate the suspicious activity promptly.<\/li>
            • Report the activity to the relevant authorities, including law enforcement and regulatory agencies, in accordance with applicable laws and regulations.<\/li>
            • Provide full cooperation with any investigation or audit conducted by regulatory bodies or law enforcement.<\/li><\/ul>
              7. Record Keeping<\/strong><\/span><\/h5>

              sterlinginvests.com/en<\/strong> maintains records of all customer identification documents, transactions, and reports of suspicious activity. These records are stored securely and kept for a minimum period in accordance with applicable legal requirements, ensuring that they are available for inspection by regulatory authorities.<\/p>

              8. Internal Controls and Procedures<\/strong><\/span><\/h5>

              We have implemented internal controls to ensure compliance with our AML policy. These controls include:<\/p>

              • AML Officer<\/strong>: We have appointed an AML officer responsible for overseeing and enforcing compliance with the AML policy.<\/li>
              • Training and Awareness<\/strong>: Our employees receive regular training on the identification and reporting of suspicious activities. Training includes understanding the legal requirements of AML compliance and recognizing indicators of money laundering.<\/li>
              • Independent Audits<\/strong>: We will conduct periodic independent audits of our AML procedures to ensure they remain effective and compliant with evolving laws and regulations.<\/li><\/ul>
                9. Risk-Based Approach<\/strong><\/span><\/h5>

                We adopt a risk-based approach to assessing and mitigating the risks of money laundering. This approach involves:<\/p>

                • Assessing the risk associated with each customer based on factors such as their geographical location, business type, and transaction patterns.<\/li>
                • Applying proportionate measures to high-risk clients, such as enhanced due diligence, while allowing for simplified procedures for lower-risk customers.<\/li>
                • Continuously reviewing and updating our risk assessment procedures to ensure they remain effective and in line with global best practices.<\/li><\/ul>
                  10. Sanctions Compliance<\/strong><\/span><\/h5>

                  We comply with all applicable sanctions laws and regulations issued by governments and international bodies. This includes:<\/p>

                  • Screening customers against global sanctions lists (e.g., the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), EU sanctions lists, UN sanctions).<\/li>
                  • Blocking accounts or transactions related to individuals or entities subject to sanctions.<\/li><\/ul>
                    11. Policy Review<\/strong><\/span><\/h5>

                    This Anti-Money Laundering (AML) Policy will be reviewed regularly to ensure it is up-to-date with current regulations and industry best practices. Updates and changes to the policy will be communicated to all employees and relevant stakeholders.<\/p>

                    12. Non-Compliance<\/strong><\/span><\/h5>

                    Failure to comply with this AML Policy could result in disciplinary action, including termination of access to sterlinginvests.com/en<\/strong> services and reporting to the relevant authorities.<\/p>

                    13. Contact Information<\/strong><\/span><\/h5>

                    If you have any questions or concerns regarding our Anti-Money Laundering (AML) Policy, please contact our compliance team:<\/p>

                    Email: support@sterlinginvests.com/en<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                    Legal Documents Anti-Money Laundering Effective Date: 20\/09\/2024 sterlinginvests.com/en\u00a0is owned and operated by GLOBAL Markets LLC with registration number 3796 LLC 204 and registration address of Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines. sterlinginvests.com/en is committed to preventing and detecting money laundering, terrorist financing, and other illegal financial activities that could harm […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-345","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/pages\/345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/comments?post=345"}],"version-history":[{"count":22,"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/pages\/345\/revisions"}],"predecessor-version":[{"id":1199,"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/pages\/345\/revisions\/1199"}],"wp:attachment":[{"href":"https:\/\/sterlinginvests.com/en\/wp-json\/wp\/v2\/media?parent=345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}