--- This is a test - only visible to admins ---
--- advertisement may go here ---
  • PicŪ Basic


  • Money Laundering

    INTRODUCTION

    The Proceeds of Crime Act 2002 and Money Laundering Regulations 2003 have broadened the definition of money laundering and increased the range of activities covered by the law.
    Our policy on money laundering can found here:


    Introduction

    There have recently been significant changes to the legislation concerning money laundering (the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2003), which have broadened the definition of money laundering and increased the range of activities caught by the statutory framework. As a result, the new obligations now impact on areas of our business and require us to establish internal procedures to prevent the use of our services for money laundering.


    Scope

    Potentially any transaction could be caught by the money laundering provisions if we suspect money laundering and either become involved with it in some way and/or do nothing about it. Whilst the risk of us contravening the legislation is low, it is extremely important that we take measures to reduce any risk to its minimum.

    Client Identification


    We will ensure that where we form an ongoing business relationship with a client, or undertake a one-off transaction involving payment by or to a client of 15,000 Euro or more or where a series of linked one-off transactions involving total payment by or to the client(s) of 15,000 Euro or it is known or suspected that a one-off transaction (or a series of them) involves money laundering; then we will request satisfactory evidence of the identity of the prospective client, as soon as practicable after the relationship commences . This applies to existing clients, as well as new ones.

    In all cases, the identifying evidence may be retained by us for at least five years from the end of the business relationship or transaction(s).

    If satisfactory evidence of identity is not obtained at the outset the business relationship or one off transaction(s) cannot proceed any further.

    If there is an unjustified delay in the evidence of identity being obtained from the client or where the client is deliberately not providing the evidence a disclosure will have to be made to the relevant authorities.
  • Recent Activity

    xldaedalus-432

    Mysterious PORTB problem

    Thread Starter: xldaedalus

    I'm using Proton+ to develop firmware for a product with switches. The MCU is an 18F26K22. Most of the switches reside on PORTB. I am NOT using a...

    xldaedalus Yesterday, 18:21 Go to last post
    Les-15

    Pic16f18877 oread

    Thread Starter: evoortman

    Hi, On a PIC16F18877 the OREAD command doesn't seem to work. The code is working on a PIC16F1939. Both controllers use 32MHz int osc. If i...

    Les Yesterday, 13:05 Go to last post
    amod-29593

    Multiple functions by a single switch

    Thread Starter: amod

    Hi, How can I use multiple function by a single switch.I want to use 4 functions by a single switch.

    amod Yesterday, 15:31 Go to last post
    Oldhack-15978

    FUSES for PIC18F47K20

    Thread Starter: gtv_pic

    000 Good morning I am using the PIC18F47K20 and in the help of the proton I did not locate the FUSES for said micro. Where can I locate...

    Oldhack Yesterday, 16:34 Go to last post
    Les-15

    SHIN generates ASM ERROR with the 16F18877

    Thread Starter: evoortman

    Hi, On a PIC16F18877 the SHIN command generates an ASM ERROR: Could this also be related to renamed or moved SFRs in the newer controllers? ...

    Les Yesterday, 19:18 Go to last post