ANTI-MONEY LAUNDERING POLICY
The risk of money laundering and terrorist financing (AML or Anti Money Laundering) is inevitably linked to financial services operations. Therefore, firms providing investment services and activities may be exposed to these risks. It can occur both for Investors, who transfer their capital to accounts specifically opened to finance Walliance projects, and for Issuers, whose integrity and professionalism requirements are adequately verified by Walliance as part of a careful evaluation of the project.
The AML regulatory framework applicable to SIMs consists of a combination of sources represented by national legislation, European norms, and international standards.
Given this regulatory framework, Walliance, to protect itself and to ensure maximum transparency and regularity of its operations towards both Investors and Issuers, adopts and continuously updates an internal AML Policy, which defines the guidelines and procedures for the prevention, mitigation, and management of the risk of money laundering and terrorist financing internally.
This Policy governs the operations of Walliance SIM S.p.A - with reference to both the Walliance Crowd and Walliance 500 divisions - and is modeled in compliance with the provisions dictated by the Fourth and Fifth Anti-Money Laundering Directives, which have dictated the regulatory framework to which individual national legislations have adapted.
Specifically, Walliance's AML Policy:
outlines the regulatory framework;
articulately lays out how the advanced software Walliance uses to monitor and report AML risks related to users who sign up and invest through the platform;
enucleates the roles and responsibilities of individual corporate bodies and internal control functions;
addresses the money laundering risks Walliance may face in the conduct of its business;
defines the methods and procedures the Company implements to mitigate and manage money laundering risk and to continuously monitor the regularity of Walliance's operations;
formalizes the suspicious operation reporting process and the customer due diligence process;
illustrates the system of internal controls and storage of data and information for AML purposes.