At a glance
- We are not an obliged entity, yet we apply AML/KYC controls anyway.
- We screen clients against sanctions and PEP lists before engaging.
- We will not act for sanctioned parties.
- We may report indicators of serious crime to the relevant authority.
Our status
Although AssetTrace is not an obliged entity under Regulation (EU) 2024/1624 (the EU AML Regulation), we apply anti-money-laundering and know-your-client controls voluntarily as a baseline trust signal and in line with FATF recommendations.
Pre-engagement screening
- Name and jurisdiction screened against the EU consolidated sanctions list, OFAC, and UK OFSI lists.
- Politically-exposed-person (PEP) and adverse-media checks proportionate to risk.
- Source-of-funds enquiry where the reported loss exceeds €100,000.
- Identity verification proportionate to the assessed risk of the engagement.
Sanctions
We will not engage where a client or counterparty is sanctioned, or where the engagement would breach EU or UK restrictive measures.
Suspicious-activity reporting
Where a case discloses indicators of a primary predicate offence, we may — with the client’s written consent or where legally compelled — share a redacted evidence summary with the relevant Financial Intelligence Unit, in formats aligned with FATF Recommendation 16.
Records
Screening and due-diligence records are retained for five years in line with AML best practice, then securely deleted unless a legal obligation requires longer retention.
Frameworks
Contact
AssetTrace — Compliance
Questions about our anti-money-laundering controls? Email [email protected].