AML Policy
OW88 applies a risk-based AML/CTF framework to prevent illicit activities.
Key controls:
1
KYC/CDD
Verify identity, age, and source of funds where appropriate; PEP & sanctions screening.
2
EDD
Enhanced checks for high-risk profiles, geographies, or unusual patterns.
3
Monitoring
Ongoing transaction & behavior monitoring; automated alerts and manual reviews.
4
Record-keeping
Retain KYC and transaction data per legal timelines.
5
Reporting
File suspicious activity reports with competent authorities where required.
6
Training
Annual staff training and periodic testing.
7
Governance
Appointed MLRO, documented policies, independent audits.