Last Updated: December 12, 2023
At Meta Partners Co. (“we,” “our,” or “us”), we are committed to the highest standards of financial integrity, transparency, and compliance with applicable laws. As an international wealth management company, we have adopted stringent anti-money laundering (AML) measures to prevent, detect, and report suspicious activities that may be related to money laundering or terrorist financing.
This Anti-Money Laundering (AML) Policy outlines our commitment to ensuring that all business conducted with Meta Partners Co. complies with local and international AML laws and regulations.
What Is Money Laundering?
Money laundering is the process of disguising the origins of illegally obtained funds to make them appear legitimate. It typically involves three stages:
- Placement: Introducing illicit funds into the financial system.
- Layering: Conducting a series of transactions to conceal the source of the funds.
- Integration: Reintroducing the laundered money into the legitimate economy.
Money laundering is a serious criminal offense that can have severe consequences, both for individuals and financial institutions involved.
Our AML Commitment
Meta Partners Co. is committed to preventing any involvement in money laundering activities and takes a proactive approach to identify and mitigate the risk of financial crime. We have established a comprehensive AML framework that aligns with the applicable laws in the jurisdictions in which we operate.
Our policy includes the following core principles:
- Full Compliance: Adherence to all relevant laws, regulations, and guidelines related to AML in the jurisdictions where we do business.
- Customer Due Diligence (CDD): Performing robust due diligence on all clients before establishing a business relationship, including verifying the identity of clients and understanding the nature of their financial activities.
- Ongoing Monitoring: Continuously monitoring transactions for any unusual or suspicious activity that may indicate money laundering or terrorist financing.
- Employee Training: Ensuring that all employees are regularly trained on AML regulations, risks, and internal procedures to identify and prevent potential money laundering activities.
- Reporting Obligations: Timely reporting of any suspicious activities to the relevant authorities in compliance with applicable laws.
Know Your Customer (KYC)
A key component of our AML framework is Know Your Customer (KYC), a process we use to verify the identity of our clients and assess the risks associated with each client. Our KYC process includes:
- Client Identification: Collecting and verifying personal information such as name, date of birth, nationality, and government-issued identification.
- Beneficial Ownership: Identifying the beneficial owners of entities or accounts to ensure that we understand who controls the assets.
- Source of Funds: Understanding the source of our clients’ funds to ensure they are not derived from illegal activities.
All clients must complete the KYC process before any business transactions can take place.
Risk-Based Approach
Meta Partners Co. applies a risk-based approach to AML compliance. This means that we assess the money laundering risks associated with different clients, countries, and types of transactions, and apply enhanced due diligence where necessary.
Higher-risk clients or transactions (such as those involving politically exposed persons, high-risk jurisdictions, or complex structures) may require additional scrutiny, documentation, and approvals before proceeding.
Ongoing Monitoring & Reporting
We monitor client activity on an ongoing basis to detect any suspicious patterns, large transactions, or behaviors that may indicate money laundering. Our internal systems are designed to flag such activities, prompting further investigation by our compliance team.
If any suspicious activity is identified, Meta Partners Co. is legally required to report it to the appropriate authorities, including financial intelligence units, in accordance with applicable AML laws and regulations.
Employee Responsibilities
All employees of Meta Partners Co. have a responsibility to uphold our AML standards. This includes:
- Compliance with AML policies and procedures: Employees must adhere to all internal policies and applicable laws regarding AML.
- Training and Awareness: Employees receive ongoing training to recognize and report any potential signs of money laundering or suspicious activity.
- Reporting Suspicious Activity: Employees must report any suspected money laundering activities to our designated compliance officers, who will assess and, if necessary, escalate the matter to the relevant authorities.
Failure by employees to comply with these obligations may result in disciplinary action and legal consequences.
Confidentiality and Data Protection
Meta Partners Co. ensures that all client information obtained through the AML process is handled with the utmost confidentiality and in compliance with applicable data protection laws. We take steps to protect personal data and ensure that it is only used for legitimate business purposes in line with AML compliance.
Penalties for Non-Compliance
Non-compliance with AML regulations can result in severe penalties for both the company and its employees. These penalties may include:
- Criminal and civil penalties.
- Significant fines.
- Loss of business licenses or regulatory approvals.
- Damage to reputation and trust.
Meta Partners Co. is committed to avoiding these risks by ensuring full compliance with AML laws and regulations and fostering a culture of integrity and transparency.
Contact Us
If you have any questions regarding this AML Policy or if you would like to report any concerns, please contact our compliance team: https://metapartnersco.com/contact-us/