Global B2B Group is committed to preventing the misuse of its Platform for money laundering, terrorist financing, proliferation financing, tax evasion and other financial crime. This policy describes the risk-based measures the Platform may apply.
1. Scope
This policy applies to every buyer, supplier, representative, investor, partner and counterparty introduced or supported through the Platform. It supplements the Anti-Bribery Policy and the Sanctions & Export Compliance policy.
2. Regulatory context
The Platform aligns with the principles of the FATF Recommendations, EU AML directives (as transposed in the Republic of Cyprus and other applicable jurisdictions), UK MLR 2017, and equivalent regimes. Global B2B Group is not itself a supervised obliged entity in the traditional sense of AML law; its obliged financial-services counterparties are responsible for their own regulated AML programmes.
3. Risk-based approach
Global B2B Group applies a risk-based approach considering geography, industry, project size, ownership complexity, PEP exposure and payment structure. Higher-risk profiles may require additional documentation or may be declined.
4. Customer diligence measures we may apply
- Identity verification of the entity and authorised signatories.
- Beneficial-ownership disclosure (25% threshold as a general reference, lower where risk-based).
- Screening against international sanctions and PEP lists.
- Source-of-funds and source-of-wealth questions for high-value projects.
- Ongoing monitoring for red flags and unusual activity.
5. Red flags
Indicators that may trigger enhanced review include: opaque or shell corporate structures; unwillingness to provide beneficial-ownership information; unusual payment routes; use of cash or crypto for structured cross-border transactions without commercial rationale; connection to a sanctioned jurisdiction or entity; misalignment between project scope and stated budget; last-minute changes to beneficiary details.
6. Prohibited activity
The Platform must not be used to place, layer or integrate illicit proceeds; to finance terrorism or the proliferation of weapons of mass destruction; to evade tax; or to disguise the true beneficiary of a project. Any such attempt is a material breach of the Terms of Service.
7. Reporting
Where required by law or reasonably necessary to protect the Platform and its users, Global B2B Group may file suspicious-activity reports with competent authorities and share information with obliged financial institutions supporting a transaction.
8. Recordkeeping
Compliance-related records may be retained for the period required by applicable law (typically five to ten years) and used to respond to lawful requests.
9. Enforcement
Global B2B Group reserves the right to decline, delay, suspend or terminate any account, RFQ, introduction or transaction where AML or CTF risk cannot be adequately mitigated, to the maximum extent permitted by applicable law.
10. Contact
Compliance: compliance@globalb2bgroup.com.