AML & KYC Compliance Statement

ANTI-MONEY LAUNDERING (AML) & KNOW YOUR CUSTOMER (KYC) STATEMENT
Effective Date: 03.02.2025

Commitment to Compliance

Ambassador Management GmbH (Germany) and Ambassador Financial Group Ltd. (UK) (collectively, “AMBFG,” “we,” or “us“) are committed to upholding the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. We adhere to all applicable laws and regulations, including but not limited to:

• Germany: Geldwäschegesetz (GwG) and EU Anti-Money Laundering Directives (AMLD 5/6).
• United Kingdom: Money Laundering Regulations 2017 and Proceeds of Crime Act 2002.
• Global Standards: Financial Action Task Force (FATF) recommendations.

AML/KYC Procedures

1. Customer Due Diligence (CDD)

• Identity Verification: Clients must provide valid government-issued identification (e.g., passport, national ID card) and proof of address (e.g., utility bill, bank statement).
• Source of Funds/Wealth: Documentation (e.g., bank statements, tax returns, or business financials) must substantiate the legitimacy of funds used for transactions.
• Enhanced Due Diligence (EDD): Applied to high-risk clients, Politically Exposed Persons (PEPs), or transactions exceeding €10,000 (or equivalent).

2. Ongoing Monitoring

• Transactions are continuously monitored for suspicious activity, including but not limited to structuring, rapid cross-border transfers, or unusual account behavior.
• Accounts are periodically reviewed to ensure compliance with AML/KYC requirements.

3. Reporting Obligations

• Suspicious Activity Reports (SARs) are filed with relevant authorities, including the Financial Intelligence Unit (FIU) in Germany and the National Crime Agency (NCA) in the UK.

Client Responsibilities

By using AMBFG’s services, you agree to:

1. Provide accurate, current, and complete information during onboarding and updates.
2. Cooperate with requests for additional documentation to verify identity or transaction purposes.
3. Not engage in or facilitate money laundering, terrorist financing, tax evasion, or other illicit activities.

Data Retention & Privacy

• AML/KYC records are retained for 7 years post-account closure, as mandated by law.
• Data is stored securely and processed in compliance with the EU General Data Protection Regulation (GDPR) and the UK Data Protection Act 2018.

International Compliance

AMBFG cooperates with law enforcement and regulatory bodies globally. Accounts may be restricted or terminated if:

• Clients are domiciled in jurisdictions subject to sanctions (e.g., OFAC lists, EU/UK sanctions regimes).
• Transactions involve high-risk countries identified by FATF.

Consequences of Non-Compliance

• Account Suspension: Immediate restriction of services for suspected violations.
• Termination: Permanent closure of accounts for confirmed breaches.
• Legal Action: Referral to law enforcement agencies for criminal prosecution.

Reporting Suspicious Activity

To report concerns or submit inquiries related to AML/KYC:

Germany Office

• Compliance Department:
  Email: compliance@ambfg.com
  Phone: +49 69 8700419 80
  Address: Ambassador Management GmbH, Schumannstraße 27, 60325 Frankfurt am Main, Germany

United Kingdom Office

• Compliance Department:
  Email: compliance@ambfg.com
  Phone: +49 69 8700419 80
  Address: Ambassador Financial Group Ltd., 20 Wenlock Road, London N1 7GU, United Kingdom

By engaging with AMBFG’s services, you acknowledge and consent to these AML/KYC procedures.