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Anti-Money Laundering

What is an Anti-Money Laundering check?

Money laundering is the process by which money may be disguised, concealed, converted or transferred illegally by criminal activity and is critical to the success of criminal organisations and activity.  

As an investment firm authorised and regulated by the Financial Conduct Authority (FCA), Tifosy is required to put in place checks to prevent financial crime including Money Laundering and Terrorist Financing. To do so, Tifosy completes a risk assessment of each investor and investment, which includes effective Anti-Money Laundering checks. Further to these checks you may be required to provide additional information on your identity or source of funds.

Any additional information will be requested at the time of investing, including those in respect of corporate entities wishing to invest.


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Why is my source of wealth important?

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Why is my source of wealth important?

As an investment firm authorised and regulated by the Financial Conduct Authority (FCA), Tifosy is required to put in place checks to prevent financial crime including Money Laundering and Terrorist Financing. To do so, Tifosy may be required to determine that funds associated with your investment are clearly derived from legitimate means and that you have the authority to invest these funds.

Source of wealth may be particularly important to determine in certain cases, such as investments made on behalf of a company or by a Politically Exposed Person.


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What is a Politically Exposed Person and why does it matter?

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What is an Anti-Money Laundering check?

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What is a Politically Exposed Person and why does it matter?

A Politically Exposed Person (PEP) is an individual who is, or has been, in a role of prominent public function and responsibility.

PEPs are regarded as higher-risk investors as they are deemed to have a greater opportunity to acquire assets through unlawful means.  Relatives or persons with close associations to a PEP may also be considered a PEP for the purposes of Anti-Money Laundering checks.

If you are classified as a PEP, you may be required to provide additional information on your identity and source of funds before making your investment. 


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Why is my source of wealth important?

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What is an Anti-Money Laundering check?

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