Compliance

In compliance with The USA PATRIOT Act and The Bank Secrecy Act, Venstar Exchange has adopted an Anti-Money Laundering (AML) compliance policy, to incorporate the rules issued by Financial Crimes Enforcement Network (FinCEN) United States Department of the Treasury. It is the policy of Venstar Exchange to prohibit and actively pursue the prevention of money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities.

Venstar Exchange compliance standards and procedures are among the highest and most stringent in the industry. Among the state of the art resources used by Venstar Exchange is GB Group. (www.gb.co.uk).

Over 2,000 institutions, including 45 of the world’s 50 largest financial institutions and hundreds of government agencies, rely on the World-Check database of known heightened-risk individuals and businesses to efficiently screen their customers, associates, transactions and employees for potential risk. This highly-structured database is updated daily in real-time by World-Check's international, research team and is derived from hundreds of thousands of public sources. World Check coverage includes PEPs, money launderers, fraudsters, terrorists and sanctioned entities, plus individuals and businesses from over a dozen other categories. World-Check's proprietary database and tools have direct uses in financial compliance, anti-money laundering (AML), Know-Your-Customer (KYC), Politically Exposed Person (PEP) screening, enhanced due diligence (EDD), fraud prevention, government intelligence and enforcement, and other identity authentication, background screening and risk-prevention practices.