Page 12 - Präsentation - Procedure Compliance & Due Diligence Check - english
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Before starting a business relationship, our group of companies - BLACK MOUNTAIN GLOBAL GROUP is legally
obliged to check the identity of the applicant, their corporate structure and the beneficial owners of assets,
including their source of funds, in accordance with the underlying compliance guidelines.
Our Compliance & Due Diligence requirements refer to the international standards of -
KNOW YOUR CUSTOMER DOCUMENTATIONS (KYC).
It is the mandatory process of identifying and verifying the identity of the beneficiary and also complying with international regulations, such
as the fight against financial crime and money laundering.
The worldwide fight against money laundering -
ANTI MONEY LAUNDERING (AML) und COUNTERING THE FINANCING OF
TERRORISM (CFT)
increases the use of audit criteria for ourselves as well as for authorities, financial institutions and other applicable organizations/institutions.
International regulations regulated by standards such as the -
FINANCIAL ACTION TSAK FORCE (FATF) oder der FINANCIAL CONDUCT
AUTHORITY (FCA)
are now implemented in national laws that include strict guidelines such as “AML”
as well as preventative measures such as“KYC” to identify a beneficiary.
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