Anti-Money Laundering & Counter-Terrorist Financing Policy

The purpose of the OscarGWM Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) policy is to identify, prevent and mitigate any involvement in illegal activity. This includes money laundering, terrorist financing, and other financial crimes.

1. Policy Overview

OscarGWM pays thorough attention to any activity that could relate to financial crime. We comply with international and local regulations by implementing effective internal procedures to prevent money laundering, terrorist financing, human/drug trafficking, weapons proliferation, corruption and bribery.

2. Verification Procedure

Before accessing services, customers must provide verified identity documents. This includes name, address, date of birth, and more. Customers deemed high-risk may be required to submit additional documentation.

Identity verification may be repeated during the customer lifecycle if activity appears suspicious. All data is handled securely as per our Privacy Policy.

3. Risk Assessment

OscarGWM uses a risk-based approach to determine the level of monitoring and due diligence. The risks are categorized as:

3.1 Customer Risk

Includes forged identities, fictitious users, PEPs (Politically Exposed Persons), incomplete contact information, or known criminal records.

3.2 Country Risk

Involves users or transactions from jurisdictions classified as high-risk under the EU Anti-Money Laundering Directive. These require enhanced due diligence.

4. Activity Monitoring

Transactions are continuously monitored. Suspicious activity may result in account suspension or reporting to authorities. OscarGWM reserves the right to request additional documentation.

5. Reporting & Authorities

OscarGWM is legally obligated to report any activity related to money laundering or terrorism financing. Disclosures are confidential and shared only with competent authorities.

For questions regarding this policy, please contact info@oscargwm.com.