AML compliance.

Regulatory framework

Uvistium partners with FCA-authorised broker firms that are subject to the Money Laundering Regulations 2017 (as amended), the Proceeds of Crime Act 2002, and the FATF Recommendations. We actively support our partners in implementing these obligations through integrated processes on our platform.

Client identification (KYC)

Under regulation 27 of the MLR 2017, every client must be identified before an account can be opened. We implement this via:

• Electronic ID verification: Live document scan with an approved provider
• Video ID: Live video verification with a trained officer (alternative for enhanced-risk cases)
• Postal ID: Identification via certified copy documents (alternative for clients without stable video connection)
• Ongoing review: Refreshment of client data every 3 years or on a trigger event

Enhanced due diligence (EDD)

Where elevated risk is identified, additional checks are performed:

• Politically exposed persons (PEPs) as defined in regulation 35 of the MLR 2017
• Clients from high-risk jurisdictions per the FATF grey and black lists
• Accounts with unusually large deposits (single transactions above £50,000)
• Accounts with unusual transaction patterns

Sanctions screening

All new clients and all deposits/withdrawals are screened against the current UK, EU, UN, and OFAC (US) sanctions lists. Lists are refreshed multiple times daily and automatically. Positive matches result in immediate account suspension and notification to the relevant authorities.

Transaction monitoring

Our system monitors transaction patterns continuously and identifies anomalies against pre-defined rules:

• Unusual deposit/withdrawal patterns (structuring, layering)
• Withdrawals to unverified third-party accounts
• Transaction chains to high-risk jurisdictions
• Accounts with suspicious login patterns (country switching, unusual hours)

Reporting

Suspicious activity is reported to the National Crime Agency (NCA) via a Suspicious Activity Report (SAR) without delay. Clients are not informed of a report (tipping-off prohibition under section 333A POCA 2002). All reports are retained for a minimum of 5 years under the MLR 2017.

Training and accountability

All Uvistium employees receive annual AML training. The Money Laundering Reporting Officer (MLRO) reports directly to the board and operates independently. Contact: [email protected]