AML

Anti-Money Laundering (AML) Policy

BAYWEBSERVICES Ltd

Effective Date: 01.01.2025
Last Updated: 01.01.2025

1. Introduction

BAYWEBSERVICES Ltd is committed to preventing its platforms, services, and operations from being used for money laundering, terrorist financing, or other financial crimes. This policy outlines the measures and procedures in place to comply with applicable laws and regulations.

2. Purpose

The purpose of this policy is to:

• Comply with the Anti-Money Laundering Act 2018 (or applicable jurisdiction laws).
• Prevent the use of BAYWEBSERVICES for illegal activities.
• Protect the integrity and reputation of BAYWEBSERVICES Ltd.

3. Scope

This policy applies to all employees, contractors, customers, and partners of BAYWEBSERVICES Ltd, including:

• SEO Related services.
• Any other products or offerings.

4. Compliance Framework

• KYC (Know Your Customer):
  BAYWEBSERVICES will verify the identity of customers and partners using reliable documents such as passports, utility bills, or government IDs.
• CDD (Customer Due Diligence):
  Conduct thorough checks to assess the risk of potential clients and partners, especially those in high-risk industries or jurisdictions.
• Enhanced Due Diligence (EDD):
  For customers or transactions flagged as high risk, additional checks will be performed.

5. Reporting Suspicious Activities

BAYWEBSERVICES will monitor and report suspicious activities, including:

• Transactions involving large sums of money or irregular patterns.
• Clients refusing to provide necessary KYC documentation.
  Reports will be sent to the relevant financial intelligence authority in the UK (e.g., the Financial Conduct Authority or National Crime Agency).

6. Record-Keeping

All relevant documentation, including customer data, transaction records, and suspicious activity reports, will be retained for a minimum of 5 years.

7. Employee Training

All employees must undergo regular AML training to understand their obligations, identify suspicious behavior, and adhere to this policy.

8. Governance and Responsibility

BAYWEBSERVICES LTD will oversee the implementation and enforcement of this policy.

9. Non-Compliance

Any employee, contractor, or partner found violating this policy will face disciplinary action, including potential termination of contracts and reporting to authorities.

10. Updates and Review

This policy will be reviewed annually or whenever there are changes to relevant laws or business operations.

11. Contact Information

For questions or concerns regarding this policy, contact:
BAYWEBSERVICES Compliance Officer
[baywebservices.net@gmail.com]