Before initiating a business relationship for counterparty customer onboarding, Edifice will thoroughly verify each counterparty or third party and their associated individuals, including the source of funds and wealth involved in any transactions.
We will maintain an ongoing risk assessment to continually identify any transactions or counterparty activities that may require further investigation.
Additionally, we will ensure that any suspicions of financial crime are promptly reported to the appropriate authorities when necessary.
In certain situations, Edifice may encounter obstacles that prevent the continuation of an application or the ongoing relationship with a counterparty customer. These circumstances may arise, for instance, if the counterparty customer fails to provide sufficient evidence of their identity.
Comprehensive policies and procedures are in operation to address financial crime prevention, and all relevant staff members have received training to ensure compliance with regulatory requirements.
