Utrust AML policy

Utrust is committed to fight financial crime and implementing the most effective global standards. As part of its business approach, Utrust is committed to conducting its activities with integrity and complying with its legal, ethical and social responsibilities to protect its customers.Our mission is to serve our customers by providing services that enable growth and progress. Utrust recognises its obligation to comply with AML laws and regulations to close off channels that criminals use for illicit purposes. We have also employ our best efforts to ensure we implement proper policies, processes and controls in place to deter money laundering and other criminal offences against the company, our customers and stakeholders.In the light of these principles, Utrust fulfils a set of duties, including, but not limited to:

  • Consistent Customer due diligence procedures, which incorporates Customer Identification and Verification, Know Your Customer/Business Principles;
  • Retain records of documents referring to customers and transactions;
  • Screening customers against sanctions lists;
  • Application of an acceptance policy regarding sectors and high-risk countries;
  • Adoption of internal control systems suitable for the money laundering and terrorism financing risk;
  • Ensuring that all employees comply with applicable law and regulatory obligations;
  • Train appropriate staff on the requirements of laws and regulations.

Utrust is fully devoted to preventing the use of its products and services by those who seek to abuse them. We seek to combat criminals through prevention and detection of unusual or suspicious behaviour.Utrust regularly analyses the strength of the current policies, procedures and processes, and updates them as needed to address the continually changing obligations. We acknowledge that preventing criminal behaviour implies constant diligence and the ability to be observant with the upcoming schemes employed by criminals. We constantly work to identify and understand the potential risks and implement appropriate processes to mitigate such risks