Our Anti-Money Laundering Policy

Money laundering is the process by which criminally obtained money or other assets is transferred or “moved around” to make "clean" thereby removing all link to its criminal origin.

At Fadugu we view Money Laundering as a serious criminal offence, and comply with regulatory requirements intended to forestall and prevent all such activities, this includes:

• Confirming the identity of our customers
• Retaining transaction and identification records for a minimum period of five years
• Training our staff in terms of anti-money laundering regulations
• Appointing a nominated officer responsible for monitoring and reporting any and all suspicious activities to the relevant authorities

For security reasons, we do not accept cash at any of our offices and for transactions to the value of approximately £5,000 in excess thereof, we require slightly more documentation than what is required for your initial registration.

Please note that at Fadugu we reserve the right to refuse a transaction at any time should suspicious activities arise that may be connected to money laundering or any other criminal activity, if so we will be obliged to report this suspicious activity and in line with regulations, is prohibited from disclosing this to the you the client.

We deem as misuse of our service providing us with false identification or contact details and are legally bound to report such misdemeanours to the relevant authorities and as such you may be the subject of a criminal investigation.

Fadugu Limited will NOT do business with anyone suspected of or directly involved in Money Laundering, or where funds have been sourced by any illegal activity.