Anti-Money Laundering & Counter Financing of Terrorism
VM Wealth Management (VM Wealth) is licensed by the Financial Services Commission (FSC). The organization is required to comply with the Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) Legislations. In this regard, VM Wealth has established policies and procedures consistent with these legislations and the FSC Guidance Notes.
Money Laundering is defined as engaging in acts designed to conceal or disguise the true origin of criminally-derived proceeds so that it appears to have been originated from a legitimate source. In fulfilling the requirements of the AML/CFT and FSC Guidance Notes, greater emphasis is placed on “Know Your Customer” (KYC) by VM Wealth. The organization is required to accurately maintain records of customer identification and verification, transaction and source of funds, as well as an expected transaction profile of the customers.
VM Wealth is required to obtain client verification and certification of residency. This may include, but is not limited to, obtaining proof of Tax Identification (Tax Registration Number); country of residency and birth; passport identification; bank account verifications; and other documentation as required by the regulatory agencies, such other documentation may be required from time to time.
Please contact VM Wealth at 52 Grenada Crescent, Kingston 5, Jamaica or via telephone at (876) 960-5000-3 for further information, questions and/or concerns regarding our KYC requirements and prescribed documentation to open your VM Wealth account.