“BrunoEx” will ensure that it is a real or legal person. “BrunoEx” also performs all the necessary measures in accordance with the applicable laws and regulations, issued by the monetary authorities. The AML policy is being met within “BrunoEx” by the following means:
Know Your Customer – Due to the company’s commitment to AML and KYC policies, each company/customer must complete a verification procedure. Before “BrunoEx” initiates any cooperation with the client, the company ensures that satisfactory evidence is presented or other measures are taken that produce satisfactory proof of the identity of any client or counterparty. The company also applies increased scrutiny to clients, who are residents of other countries, identified by credible sources as countries, who have inadequate AML standards or who may pose a high risk of crime and corruption and beneficial owners who reside in and whose funds are sourced from named countries.
During the registration process, each client provides personal information, specifically: full name; birthdate; and country of origin. The following documents are required to verify personal information: A client submits the following documents (in case the documents are written in non-Latin characters: to avoid delays in the verification process, it is necessary to provide a notarized translation of the document in English) due to KYC requirements and to confirm the indicated information:
In the event that the applicant company is listed on a recognized or approved stock exchange or when there is independent evidence to show that the applicant is a wholly owned subsidiary or a subsidiary under the control of said company, no further steps will normally be taken to verify the identity necessary. In the event that the company is not listed and none of the main directors or shareholders already has an account with “BrunoEx”, the following documentation must be provided:
In addition to collecting customer information, “BrunoEx” continues to monitor the activity of each customer to identify and prevent any suspicious transactions. A suspicious transaction is known as a transaction that is not consistent with the legitimate business of the customer or with the transaction history of the regular customer known by tracking customer activity. “BrunoEx” has implemented the named transactions monitoring system (both automatic and, if necessary, manual) to prevent criminals from using the company’s services
Records are kept of all transaction data and data obtained for identification purposes, as well as all documents related to money laundering issues (e.g. suspicious activity reporting files, AML account monitoring documentation, etc.). These records are kept for a minimum of 5 years after the account is closed.