A documented framework for financial-crime prevention.
Persici Financial Services maintains an Anti-Money Laundering and Counter-Terrorist Financing programme proportionate to a UK money remittance business. We are supervised by the FCA under the Money Laundering Regulations 2017 and by HMRC for our Money Service Business activities.
Customer due diligence
Every customer is identified and verified before transacting. We collect and verify identification, address, and source-of-funds information consistent with UK Money Laundering Regulations and the JMLSG guidance applicable to remittance providers. Enhanced due diligence is applied where risk indicators warrant it.
Transaction monitoring
Every transaction is logged and monitored for unusual patterns, including value anomalies, frequency anomalies, structuring indicators, and behavioural deviations from a customer's established profile. Monitoring is performed within our in-house platform, with case management and audit trail.
Suspicious activity reporting
Where suspicion of money laundering or terrorist financing arises, our Money Laundering Reporting Officer reviews the matter and, where appropriate, files a Suspicious Activity Report with the National Crime Agency in line with the Proceeds of Crime Act 2002 and the Terrorism Act 2000.
Controlled fund flows
For outbound transactions, funds are accepted only from the verified customer's own account; third-party deposits are refused. For inbound transactions, the originating payer is pre-identified and bound to the transaction. Deviations halt the process.
Governance and assurance
The MLRO reports to senior management, who maintain ultimate responsibility for the firm's financial-crime risk. Staff receive role-appropriate training. Policies and procedures are reviewed annually or on material regulatory change.