AML Policy

BLUE FINANCIAL SERVICES is committed to preventing money laundering, terrorist financing, and other financial crimes. We comply with applicable AML/CTF laws and regulations in every jurisdiction where we operate, including EU Anti-Money Laundering Directives, UAE AML/CTF laws, and BCEAO regulations.

All customers must complete identity verification (KYC) before accessing financial services. Our KYC process includes document verification, biometric liveness checks, proof of address, and sanctions screening. Enhanced due diligence is applied for high-risk customers and jurisdictions.

We monitor all transactions in real time using our compliance partner Flagright. Our monitoring includes pattern analysis, velocity checks, sanctions screening, and politically exposed persons (PEP) screening. Suspicious transactions are flagged for review and reported to relevant authorities.

We file Suspicious Activity Reports (SARs) with relevant financial intelligence units as required by law. We cooperate fully with law enforcement agencies and regulators. Tipping off customers about ongoing investigations is prohibited.

We maintain comprehensive records of customer identification, transactions, and compliance decisions for the periods required by applicable regulations (minimum 5 years). All records are stored securely with full audit trails.

All employees receive regular AML/CTF training. Our compliance program is overseen by a designated Money Laundering Reporting Officer (MLRO). We conduct regular independent audits of our AML controls and update our risk assessments annually.