Anti-Money Laundering & Counter Financing of Terrorism Statement

North West Money Exchange Limited (NWME) and its branches and subsidiaries (“North West Money Exchange”) are committed to participating in international efforts to combat money laundering and the funding of terrorist and criminal activities.

NWME is registered and authorised by HM Revenue and Customs in the United Kingdom (Registration No: 12124728). The UK is a member of the Financial Action Task Force and the European Union. Each member country has enacted laws and guidelines to implement the antimoney laundering and anti-financing of terrorism policies of both FATF and the EU.

NWME implements both anti-money laundering and anti-financing (counter financing) of terrorism policies which have been approved by the Board of Directors; these policies cover all areas in which we operate. The principles upon which our policy and procedures are founded include:

1. Ensuring that written policies and procedures are in place and have been adopted by all parts of NWME’s operations.
2. Appointing of a Money Laundering Reporting Officer and a Deputy Money Laundering Reporting Officer.
3. Establishing the identification of all clients and relevant 3rd parties.
4. Reporting suspicious transactions.
5. Retaining client identification and transaction records for the relevant time periods.
6. Regular training of staff on both the business’ and each staff member’s personal responsibility.

NWME anti-money laundering and counter financing of terrorism policies are established to ensure that the highest standards of due diligence apply in relation to the ‘know your customer’ (or i.e. Customer Due Diligence) principles; that NWME consistently complies with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate; and that we at all times ensure the protection of our staff, and safeguard our brand and reputation.

At a minimum, NWME will: