KYC – YOUR OBLIGATIONS
In the same way as we operate openly and transparently, we expect clients to disclose the necessary information and to be fully compliant with our processes. We record that information so that it can be factored into the suitability of any recommendation we make.
We want to ensure that you
are not overexposed to any
one investment or asset class
and that there is sufficient
diversification and liquidity
within your portfolio to
withstand any unexpected
hardships, if they were to
arise.
In addition to the duty of care that we owe to our clients, we also have an obligation to help the global fight against money laundering and the proceeds of crime being used for investments.
During this stage we will verify your identity and undertake checks on the provenance of any funds earmarked for investment, to make sure that we all remain within the guidelines of ‘Know your Client’ (KYC) and the ‘Anti Money Laundering and Counter Terrorist Financing Ordinance’ (AMLO) rules, and the further guidelines on AML/CTF policies that we adhere to, as laid down by The Hong Kong Monetary Authority in Chapter 615 of the country’s laws.
In completing this KYC process, we will also take you through our Terms or Business document which clearly defines how we conduct ourselves as your appointed intermediary. Within that same document there is a non-disclosure agreement allowing us to pass on certain data and information that we receive from product manufacturers and which is contained in our DD Reports.
Once the KYC process has been completed we are ready to introduce you to some product offerings.