Anti-Money Laundering Certification

Global Approach to Anti-Money Laundering

The global certification of Anti-Money Laundering standards has been developed in response to requests for confirmation of AML standards across the Geneva Trust Group.  It is intended to demonstrate that the various business units are guided by wide policies covering Anti-Money Laundering, Client Due Diligence, Terrorist Financing and Economic Sanctions.  

These policies are designed to ensure compliance with anti-money laundering laws and regulations and with various other laws and regulations to which Geneva Trust operations are subject in other jurisdictions in which they operate. In general, these laws are consistent with FATF recommendations and other international standards. Units operating in jurisdictions whose laws set higher standards than those contained in the policy must comply with the higher local standards.

Financial Institutions are encouraged to rely on this website posting as opposed to requesting individual certification.

Geneva Trust defines money laundering as any act or attempt to disguise the source of money or assets derived from criminal activity. Money laundering is a criminal offence in Anguilla and many other jurisdictions in which we do business. Geneva Trust is committed to preventing the use of its financial services for money-laundering purposes, by establishing policies and processes to ensure that ─

• only those whose activities can reasonably be established to be legitimate are accepted as clients;

• staff are trained to recognize and react appropriately to unusual or potential money-laundering activity and understand their legal obligations to report activity and transactions; and

• appropriate records of client information and transactions are retained.

Geneva Trust adopts reasonable and appropriate measures to establish the identities of our clients and others for whom we provide financial services. We open accounts and conduct transactions only after a client’s identity is verified to our satisfaction.

Oversight

Geneva Trust has established a senior-level management position dedicated to the task of overseeing its global policies, practices and procedures with regard to anti-money laundering and anti-terrorist financing. In addition, the development of AML programs within the various businesses is evidence of the commitment of senior management to the implementation of appropriate controls and compliance procedures.

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