Legal / Money Laundering

Anti-Money Laundering Policy

UNIVERSAL PROCESSING SOLUTIONS
Suite 703 - 938 Howe Street
Vancouver BC Canada V6Z 1N9

goUPS money laundering policy is to ensure that the highest standards of due diligence apply in relation to the "know your client" principles; that we consistently comply with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate and that we at all times ensure the protection of our staff and safeguard our brand and reputation.
At a minimum, we will:

• Comply with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate.
• Take reasonable measures to establish the identity of any person for whom it is proposed to provide any services.
• Retain certified true copies of identification documentation and transactional documentation of all clients for the requisite period as defined within local legislation.
• Report to the relevant authority where there are reasonable and probable grounds to suspect that a money laundering offence has occurred or is being committed.
• Ensure that all prospective clients UPS complete an application form and submit the required documentation as outlined in the application form which is then reviewed by staff prior to their approval as a client.

Last modified: August 05, 2010