AML - Anti Money Laundering

USI Money is fully committed to protect the integrity of its transfer system – find here our strict ‘Anti-Money Laundering Policy’ contents:

How to identify you?

When you apply for a trading account, you will be asked to confirm your identity and other personal details. USI Money has the right and verification systems to confirm your identity.

When to Identify?

You could be asked to confirm your identity whether you are applying to be a new customer or have been a customer for some time. While our identity verification systems are designed to minimise any inconvenience to you, the verification process may take 24-48 hours or so to complete.

Why we need to identify you?

Crime and Terrorism need cash. Criminals turn the ‘dirty’ money made from drug smuggling, trafficking and other organised crime(s) into clean money by using false identities or using / taking the names of innocent people. Making sure that people are ‘who they say they are’ is essential in the fight against crime of money laundering and terrorism. This does not mean in any way that suspicion is falling on you. Any information about your identity is held confidentially and will help stop your identity being used falsely.

Regulatory Regime

HMRC , Government and other organisations involved in financial services are united in their determination to stop the spread of financial crime as part of the international effort to protect us all against crime and terrorism.

Your co-operation is vital to the successful fight against crime and terrorism.

What the UK law requires?

  • We are required to verify your identity and address.
  • We are required to keep full records of all transactions together with the identification provided.
  • We are required to monitor any unusual or suspicious transactions of any size.
  • We have a regulatory obligation to report to the Serious Organised Crime Agency (SOCA) in case of any suspicious transaction.