Anti-Money Laundering (AML) Policy

Jvrglobal Corp

Registered Office Addresses:

  • Unit P4 Block, 13b Paradise St, Liverpool L1 8JF, United Kingdom
  • 177 Triq Ix-Xatt Gzira, Gzira, GZR, 1024, Malta
  • Website: https://jvrglobal.com
  • Email: info@jvrglobal.com

Introduction

Jvrglobal Corp is fully committed to preventing any form of money laundering (ML), terrorist financing (TF), or other illicit financial activities. This Anti-Money Laundering (AML) Policy outlines the measures, procedures, and controls we have implemented to comply with all applicable AML regulations in the United Kingdom, Malta, and other jurisdictions in which we operate.

Scope

This policy applies to all employees, agents, and third-party service providers of Jvrglobal Corp. The company adheres to the legal frameworks set by the Financial Conduct Authority (FCA) in the UK, the Malta Financial Services Authority (MFSA), and international standards including the Financial Action Task Force (FATF) recommendations.

AML Compliance Officer

Jvrglobal Corp has appointed an AML Compliance Officer (CO) responsible for overseeing and enforcing our AML policies. The CO’s responsibilities include monitoring transactions, ensuring compliance with regulatory standards, and serving as the liaison with regulatory authorities.

Customer Due Diligence (CDD)

We conduct thorough Customer Due Diligence (CDD) procedures to verify the identity of all clients. This includes:

  • Know Your Customer (KYC): We require individuals and corporate entities to provide valid identification, proof of address, and in the case of companies, business registration documents.
  • Risk-Based Approach: Clients are assessed for ML/TF risk, and enhanced due diligence (EDD) is applied for high-risk clients or transactions.

Transaction Monitoring

Jvrglobal Corp monitors all transactions for suspicious activity. This includes the tracking of:

  • Unusually large or complex transactions that do not have an apparent economic or legal purpose.
  • Transactions involving high-risk countries or customers.
  • Patterns of unusual behavior or discrepancies between known client profiles and activities.

Record Keeping

We maintain accurate and up-to-date records of all customer information, transaction data, and any suspicious activity reports (SARs) filed. These records are stored for a minimum of five years after the termination of the client relationship or transaction, as required by law.

Suspicious Activity Reporting (SAR)

Employees are trained to recognize suspicious activity and must report any such activity to the AML Compliance Officer immediately. The Compliance Officer will review the case and, if warranted, file a Suspicious Activity Report (SAR) with the relevant authorities in the UK, Malta, or other applicable jurisdictions.

Employee Training

All employees receive regular training on AML regulations, company procedures, and how to identify and report suspicious activity. This training ensures that every team member is aware of their responsibilities in preventing ML/TF and understands the legal and reputational risks involved.

Third-Party Due Diligence

We conduct due diligence on all third-party service providers and partners to ensure they comply with AML regulations. Contracts with third parties require adherence to our AML policies, and we reserve the right to terminate relationships with any parties that fail to comply with these requirements.

Risk Management

Jvrglobal Corp implements a risk-based approach to managing AML risks. We periodically review and update our AML risk assessment, ensuring that all aspects of our business operations are compliant with regulatory changes and best practices.

Sanctions Compliance

We ensure that we do not engage with any individuals, entities, or countries that are subject to economic sanctions. Jvrglobal Corp checks all clients, suppliers, and transactions against relevant sanctions lists, including those issued by the United Nations, European Union, United States, and other regulatory authorities.

Non-Compliance and Penalties

Failure to comply with this AML policy may result in disciplinary action for employees and termination of relationships with clients or third-party service providers. Jvrglobal Corp also reserves the right to report any violations to relevant authorities.

Review and Updates

This AML policy will be reviewed annually or as required by regulatory changes. Any updates or modifications will be communicated to all employees and relevant stakeholders to ensure ongoing compliance with AML laws and regulations.

Contact Information

For any questions or concerns regarding our AML policy, please contact us at:

  • Jvrglobal Corp
  • Unit P4 Block, 13b Paradise St, Liverpool L1 8JF, United Kingdom
  • 177 Triq Ix-Xatt Gzira, Gzira, GZR, 1024, Malta
  • Website: https://jvrglobal.com
  • Email: info@jvrglobal.com