Our AML/KYC framework
World Property applies a tiered Anti-Money Laundering and Know-Your-Customer framework consistent with FATF guidance and the AML regulations of each sovereign market we operate in. This is placeholder copy.
Due diligence we perform
For every client, we verify identity, beneficial ownership and tax residency. For transactions above a defined threshold, we also conduct enhanced source-of-funds and source-of-wealth due diligence.
Reporting obligations
Where required by law, we report suspicious transactions to the relevant Financial Intelligence Unit. We do not notify clients of such reports where notification itself would constitute “tipping off” under applicable law.
Prohibited sources
We do not accept funds originating from, or linked to, jurisdictions currently subject to UN, EU, UK or US sanctions, or from politically exposed persons where enhanced due diligence cannot be satisfied.