Anti-Money Laundering (AML) Policy

At Bespoke 24k Gold Ltd, we are fully committed to ensuring compliance with all relevant laws and regulations related to anti-money laundering (AML) to maintain the highest standards of integrity and legality in our operations. This policy outlines our commitment to preventing and mitigating money laundering and terrorist financing risks in the sale and distribution of gold bullion through our website.

1. Compliance with Relevant Laws
Bespoke 24k Gold Ltd adheres to the following laws and frameworks to prevent money laundering:

The UK Money Laundering Regulations 2017 (amended)
Proceeds of Crime Act 2002 (POCA)
EU’s Fifth Anti-Money Laundering Directive (5AMLD)
Financial Action Task Force (FATF) standards

2. Customer Due Diligence (CDD)
Bespoke 24k Gold Ltd conducts thorough Customer Due Diligence measures to verify the identity of clients and assess the risk level of each transaction. This includes:

Identification Verification: Collecting and confirming customer identification for transactions exceeding regulatory thresholds.
Enhanced Due Diligence (EDD): Performing additional checks for higher-risk clients, such as politically exposed persons (PEPs).

3. Monitoring Transactions
Our company uses advanced monitoring systems to track and identify suspicious transaction patterns. Any unusual activity is flagged for further investigation.

4. Reporting Suspicious Activity
Employees must report suspicious transactions to the designated AML Compliance Officer. The officer will assess and, if necessary, file a Suspicious Activity Report (SAR) with the National Crime Agency (NCA).

5. Record Keeping
Bespoke 24k Gold Ltd maintains comprehensive records of all customer identification, transactions, and due diligence measures for at least five years as required by law.

6. Employee Training
Regular AML training is provided to all employees to ensure they are knowledgeable about identifying and reporting potential money laundering activities.

Bespoke 24k Gold Ltd is dedicated to maintaining the integrity of the financial system and preventing any form of financial crime. Our policies are regularly reviewed and updated to reflect any changes in laws and regulations.