AML

Anti-money laundering

Money Laundering and Terrorism Financing is no laughing matter. This is why we employ industry leading management tools, to empower our Agents and protect against money laundering and terrorist financing. Providing a safe and secure service to send money, we have designed our policies and processes to be vigorous and deliberate, believing it is our duty to protect our customers and employees from potential fraud. In connecting people across the globe, we take our obligations and responsibilities very seriously. The extensive control architecture we have in place offers a robust array of systems to detect and report suspicious transactions or activities, in line with the relevant legislation in each jurisdiction in which we operate (LT example below)*.

For Agents

Our customers can act safe in the knowledge that good compliance is paramount to the mission of BEST FINANCE. Agents of BEST FINANCE are able to utilise an unrivalled automated checking system, including an extensive suite of security mechanisms, to provide an extensive screening of transactions which is unmatched in scope or speed.

The quality of our surveillance is without parallel and provides a safe and secure means to add value to your business, with ease-of-use and simplicity of design guiding the development of our system, dedicated to removing barriers to operation whilst increasing security at-the-heart of your business.

We offer a dedicated business support unit, ready to provide AML & ATF policy and procedure advice, whose sole aim is to protect your business from risk and provide peace-of-mind. BEST FINANCE provides extensive training and education on a regular basis to ensure that our Agents and customers are protected against the risk of fraud. Taking our obligations further, we offer complete control over meeting the increasing demands of good compliance and work to shape and the way we meet the compliance requirements an ever developing AML & CTF responsibility.

* Payment Services Directive (EU) 2015/2366 (“PSD2”), Republic of Lithuania Law on Payment Institutions, Republic of Lithuania Law on Prevention of Money Laundering and Terrorist Financing, Office of Foreign Assets Control (“OFAC”) Specially Designated Nationals and Blocked Persons Lists (“SDN Lists”), European Union Sanction Lists, Financial Action Task Force (”FATF”) Non-Cooperative Countries or Territories List (“NCCTs List”), Consolidated United Nations Security Council Sanctions List.