To fulfil this goal we have adopted internal policies, procedures and controls, based on the latest 2017 Money Laundering Regulations which implemented requirements of the EU's Fourth Money Laundering Directive in the UK. Although regulations vary between jurisdictions, the basic theory of all Money Laundering Regulations is the need for client identification and verification.
We verify client identity through documentary evidence, online authentication, or both. If you are a client domiciled in the UK, we use credit reference agencies to verify your identity and address. When we cannot form a reasonable belief that we know the true identity of a client, we will disengage provision of our services with immediate effect.
We document evidence of Identity verification including all information provided by clients and retain these records for 5 years. We employ strict procedures both to ensure that only relevant information is shared and to protect the confidentiality of client information.
4 Business carry out ongoing audit checks on the adequacy of this AML policy and continuously develop internal controls based on its findings.
3rd Floor, 14 Hanover Street
Mayfair, London W1S 1YH
OCRA (London) Limited is incorporated in England & Wales company number 02308186 and regulated for Money Laundering Regulations in the United Kingdom by HMRC supervision registration number XVML00000103905.