Money Laundering Statement

Our website address is: https://cloudaccounts.uk.

Money laundering is the process by which criminally obtained money or other assets are exchanged for “clean” money with no obvious link to its criminal origin. Likewise, terrorist financing involves the solicitation, collection or provision of funds with the intention that they may be used to support terrorist acts or organisations. Funds may stem from both legal and illicit sources.

As A licensed accountant and AML supervised by Association of Accounting Technicians AAT , I Sami Norine of Nile Services Limited recognise that, I am at risk of being exploited by money launderers. I fully recognise that I have legal obligations to do all I can to prevent the abuse of our services. Money laundering is a serious threat to financial system of all countries, and it leads to destruction of the country’s sovereignty and character. The prevention of money laundering is a key focus of regulatory authorities with robust money laundering regulations present designed to inhibit the movement of funds derived from criminal activity and to restrict the availability of money to fund terrorist activities

Nile Services Limited views money laundering as a serious criminal offence and is committed to preventing money laundering through its service, and as such, complies strictly with the regulatory requirements including taking such measures as the following:

Customer identification (KYC Policy)
Retaining transaction and identification records for a minimum period of five years
I am responsible for monitoring and reporting all suspicious activities to the relevant authorities
Due Diligence and KYC (know your customer)
Identification Requirement
To fully comply with Anti-Money Laundering laws and for you to utilise our services, Nile Services Limited demands, at a minimum, two forms of documents for the satisfactory identification and verification of customers’ account. Below are examples of documentation that may be required. A customer service representative will guide you through this process.

Proof of ID:
Passport
UK or EEA Driving License
EU National Identity Card
Nile Services Limited is committed to ensure the highest ethical professional standards in the conduct of its business activities. The adoption of this policy is aimed at increasing awareness of money laundering activity, its ill effects and to simultaneously counter money laundering in a significant way.

Please note Nile Services Limited reserves the right to refuse to provide any accountancy services, when it is believed that there are transactions associated with money laundering or other criminal activity and committed to report such truncation.