AML Policy
European Union
Unity Monetary Services BV (UMS), trading as UnityLink, is authorised by De Nederlandsche Bank (DNB) to provide money remittance services in The Netherlands and – based on passport licenses – other EU countries. UMS is registered under registration number F0024 in the DNB Public Register. UMS is also registered with the Dutch Chamber of Commerce under registration number 34239397.
Our compliance officer works with management and staff to identify and manage regulatory risk. He makes sure UMS complies with the applicable Money Laundering Regulations in all countries where UMS offers its services.
UMS's Money Laundering controls are implemented through the following steps:
- Training staff and agents
- Producing and maintaining our AML handbook of Policies and Procedures (adapted to each country)
- Continual updates for staff, agents and Partners through training, circulars and newsletters
- Inbuilt controls in our software/systems
- Audit and sampling checks of transactions
- Reporting to the Dutch Financial Intelligence Unit when appropriate
The software system used by all UMS staff and its agents is fully compliant with the laid down procedures required by the regulators in The Netherlands and adapted to the rest of Europe compliance rules. The software has in-built Money Laundering filters that are able to identify, monitor and track transactions.
Our own transaction registration programme monitors all payments on the basis of our Money Laundering Procedures as required by law and monitored and evaluated by DNB. Any changes to the requirements will immediately be reflected in our software programme.
We are working closely with our regulators to make sure we comply with their rules.