Anti Money Laundering

 

IFTIN EXPRESS Ltd takes money laundering prevention very seriously. We are committed to preventing money laundering and we comply with regulatory requirements set out by HM Revenue and Customs and Financial Service Authority under the Payment Service Regulations 2009. we continue to work with the UK Money Transmitters Association (UKMTA) where  IFTIN EXPRESS Ltd is a very active members.

 

It is the policy of IFTIN EXPRESS Ltd to comply with all current legislation relating to the prevention, detection and reporting of money laundering offences. IFTIN EXPRESS Ltd acknowledges it’s responsibilities to identify money laundering and terrorist financing risks and to implement and manage appropriate controls using a risk-based approach.

 

IFTIN EXPRESS Ltd is committed to the ongoing training and education of all members of staff and independent contractors (if any) in relation to the prevention of financial crime. IFTIN EXPRESS Ltd is further committed to making all staff and independent contractors (if any) aware of the law and their own obligations under it, including the timely reporting of suspicious activity through recognised internal channels.

 

Purpose

 

The purpose of this Policy is to prevent terrorists and other criminals from using money transfers for moving their funds, and for detecting such misuse when it occurs.

 

The legislation to which this policy relates includes:

 

HM Treasury Sanctions Notices (Consolidated List)