AML/CTF COMPLIANCE STATEMENT

NEW MALUED LTD – INTERNATIONAL BUSINESS COMPANY

Commitment to Financial Integrity

New Malued Ltd is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF). We maintain a zero-tolerance policy toward financial crime and are dedicated to preventing the use of our services, platforms, and partnership networks for money laundering or the financing of terrorism.

1. Regulatory Framework

As a Saint Kitts and Nevis IBC, New Malued Ltd operates in strict accordance with the Proceeds of Crime Act, the Anti-Money Laundering Regulations, and international standards set by the Financial Action Task Force (FATF). We align our internal controls with global best practices to ensure the integrity of every transaction.

2. Know Your Customer (KYC) & Due Diligence

Every prospective member or partner of New Malued Ltd undergoes a rigorous Customer Due Diligence (CDD) process. This includes, but is not limited to:

Identification & Verification: Verification of government-issued identification and proof of residence.
Ultimate Beneficial Ownership (UBO): Identification of the natural persons who ultimately own or control a legal entity.
Source of Wealth (SoW) & Source of Funds (SoF): Rigorous assessment to ensure that the capital involved in transactions originates from legitimate, legal activities.
Enhanced Due Diligence (EDD): Applied to high-risk profiles, including Politically Exposed Persons (PEPs) and entities from high-risk jurisdictions.

3. Transaction Monitoring

New Malued Ltd, in synergy with our institutional banking partners (such as Hamilton Reserve Bank), employs continuous monitoring of financial flows. Any transaction that appears unusual, lacks an apparent economic purpose, or shows complex patterns will be subject to internal investigation and, where required by law, reported to the relevant Financial Intelligence Unit (FIU).

4. Prohibited Activities

New Malued Ltd does not engage with:

Individuals or entities listed on international Sanctions Lists (e.g., OFAC, UN, EU, UK sanctions).
Shell banks or institutions with no physical presence in any jurisdiction.
Anonymous accounts or transactions involving unverified third parties.

5. Internal Training and Governance

Our officers and staff receive regular training on identifying red flags, reporting suspicious activities, and maintaining the confidentiality of compliance investigations. Our Compliance Officer is responsible for overseeing the implementation of these policies across all operational hubs, including Gemeb in London.