Money laundering is – to acquire, possess or deal in a benefit obtained from a criminal act or to facilitate someone else to do so when knowing or suspecting that the benefit was obtained from a criminal act. Terrorist financing is – fundraising, possessing or dealing with property or facilitating someone else to do so, when intending, knowing or suspecting or having reasonable cause to suspect that it is intended for the purposes of terrorism. The law requires companies to establish and maintain Money Laundering policies and systems to guard against their business being used as part of the money laundering process. As a licensed Money Service Business, we are aware all small payment institutions are potentially subject to being exploited for “Money Laundering”. We realize that we have both civic responsibilities and legal obligation to do all we can to prevent those seeking to launder money and committing fraud. Our company has legal and regulatory obligations to money-laundering prevention and compliance. These include EU directives acts of parliament, statutory regulations and rules and guidance published by regulatory bodies. Aktive UK Ltd combats against Money Laundering and complies with the rules and regulations in the UK in the light of 5th EU Anti Money Laundering Directives and UK. The Money laundering and terrorist financing (amendment) regulations 2019 ( MLRs ) come into force on 10 January 2020

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