AML/Compliance
Checks

Anti-Money Laundering (AML) and Compliance checks are crucial components of TrustIn Escrow Services, as they help ensure the legitimacy and security of financial transactions.

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AML and Compliance checks are essential to maintaining the integrity of financial transactions in TrustIn Escrow Services and preventing money laundering, fraud, and other financial crimes. Escrow service providers must work diligently to ensure their operations align with local regulations and international best practices.

AML/Compliance Check Steps

AML/Compliance checks

We are regulated entity and one of its kind in the industry.

CDD
Customer Due Diligence

At TrustIn, we perform customer due diligence to verify the identity and background of all the parties involved in the transaction.

EDD
Enhanced Due Diligence

For high-risk transactions or clients, EDD may be conducted. This involves more in-depth checks and monitoring to better understand the client's risk profile.

PEP
Politically Exposed Persons

PEP screening is done to identify whether a client has a politically exposed background, as such individuals may pose higher risks for money laundering or corruption.

TM
Transaction Monitoring

At TrustIn, we monitor transactions for unusual or suspicious activities.

SARs
Suspicious Activity Reports

If any suspicious activities are identified, we at TrustIn file SARS with appropriate regulatory authorities.

RK
Record-Keeping

Strict record-keeping requirements ensure that all necessary information related to transactions and clients is available for review by regulatory authorities

CLR
Compliance with Local Regulations

At TrustIn, we are regulated financial service provider and adhere to applicable AML and Compliance regulations established by regulators.

AT
AML Training

We at TrustIn, provide appropriate training for AML & Compliance to each and every staff including senior management.

RBA
Risk-Based Approach

A risk-based approach is often adopted, meaning that the level of due diligence and checks conducted may vary depending on the assessed risk associated with a particular transaction or client

TPV
Third-Party Verification

In some cases, third-party verification services may be used to ensure the accuracy of client-provided information

TPV
Third-Party Verification

In some cases, third-party verification services may be used to ensure the accuracy of client-provided information

RBA
Risk-Based Approach

A risk-based approach is often adopted, meaning that the level of due diligence and checks conducted may vary depending on the assessed risk associated with a particular transaction or client

AT
AML Training

We at TrustIn, provide appropriate training for AML & Compliance to each and every staff including senior management.

CLR
Compliance with Local Regulations

At TrustIn, we are regulated financial service provider and adhere to applicable AML and Compliance regulations established by regulators.

RK
Record-Keeping

Strict record-keeping requirements ensure that all necessary information related to transactions and clients is available for review by regulatory authorities

SARs
Suspicious Activity Reports

If any suspicious activities are identified, we at TrustIn file SARS with appropriate regulatory authorities.

TM
Transaction Monitoring

At TrustIn, we monitor transactions for unusual or suspicious activities.

PEP
Politically Exposed Persons

PEP screening is done to identify whether a client has a politically exposed background, as such individuals may pose higher risks for money laundering or corruption.

EDD
Enhanced Due Diligence

For high-risk transactions or clients, EDD may be conducted. This involves more in-depth checks and monitoring to better understand the client's risk profile.

CDD
Customer Due Diligence

At TrustIn, we perform customer due diligence to verify the identity and background of all the parties involved in the transaction.

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