1. Framework
We comply with FATF recommendations and local AML laws including the EU's 6AMLD, the UK MLR 2017, and equivalent frameworks in APAC and the Middle East.
2. Know Your Customer
- Identity verification using government-issued ID and biometric checks.
- Proof of residential address dated within 3 months.
- Source-of-funds and source-of-wealth declarations.
- Enhanced Due Diligence for politically exposed persons and high-risk jurisdictions.
3. Ongoing monitoring
Every transaction is screened in real time against sanctions lists (OFAC, UN, EU, HMT) and behavioural risk models. Suspicious activity is escalated to our MLRO for review and, where appropriate, reported to the relevant Financial Intelligence Unit.
4. Prohibited activity
WhiteRock will not facilitate transactions involving the proceeds of crime, terrorism financing, sanctions evasion, or anonymous third-party funding.
5. Reporting concerns
Suspected financial crime can be reported confidentially to mlro@whiterock.com.