Compliance/AML
Our organisation places good governance at its core
Not only does good governance contribute to the success of our organisation, but it is also critical to the security of our clients and staff. Governments across the globe have recognised money laundering, money financing of criminal activities, and terrorism as significant risks. In addition, financial crime and tax evasion undermine offshore financial systems and distort markets.
Pre-trade and post-trade fraud detection systems are contained within the robust risk management processes and effective, well-established s…
Volity’s internal governance procedures
Self-assessment
We evaluate our adherence to relevant regulations, risk management procedures, and internal controls using self-assessment tools..
Internal Audit
Keep up a competent internal auditing department that assesses the degree of compliance with relevant laws and regulations…
Education and Training
We acknowledge that in order to stay current with prudential requirements and best practices, training and development are essen…
Mandatory training
Furthermore, we mandate anti-money laundering and compliance training for staff members who oversee and manage financial t…
Awareness
Our staff members are credentialed with professional memberships and certificates from organisations such as the International C…
KYC, SOW, and SOF
As a requirement of our licences and in compliance with Know Your Customer (KYC), Source of Wealth (SOW), and Source of Funds…
No third-party transactions
We don’t take deposits from or withdraw money from third parties. Whenever feasible, all deposits are reimbursed the original source…
Identification technologies
In addition, we employ electronic databases and cutting-edge document authentication technologies to reduce the possibility of identi…
Sanctions adherence
We also periodically add economic profile information to our client files and conduct background checks on individuals who might…
