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FINANCIAL CRIME CONTROLS

Protecting the financial system through responsible controls

Financial institutions maintain controls designed to identify customers, understand legitimate account activity, monitor unusual patterns, and respond appropriately to financial-crime risks. Customers may therefore be asked for information about identity, ownership, transactions, or source of funds.

AT A GLANCE

What you can expect

  • Customer identity and ownership checks
  • Transaction and activity monitoring
  • Source-of-funds information where needed
  • Escalation of unusual or suspicious activity
HOW WE CAN HELP

Practical support, clearly explained

Every request is considered on its individual circumstances, applicable criteria, and the information available at the time of assessment.

01

Know Your Customer

Customer due diligence helps establish who the customer is, who owns or controls an entity, and the expected nature of the relationship.

02

Ongoing Monitoring

Account activity may be reviewed against expected behaviour, known information, and applicable risk indicators.

03

Customer Cooperation

Prompt, accurate responses to legitimate information requests can help avoid delays and support safe account operation.

PROCESS

What happens next

  1. 1

    Keep personal, business, and ownership information current.

  2. 2

    Use accounts consistently with their stated and legitimate purpose.

  3. 3

    Respond to lawful or policy-based information requests with complete information.

  4. 4

    Report suspected scams, unauthorised activity, or misuse of an account.

BE PREPARED

Information commonly requested

  • Identity and ownership information
  • Purpose of account or transaction
  • Source-of-funds or source-of-wealth information if requested
  • Supporting contracts, invoices, or transaction documents where relevant

Exact requirements vary by product, customer type, jurisdiction, purpose, and assessment. Additional information may be requested.

COMMON QUESTIONS

Helpful answers before you start

For product-specific pricing, eligibility, contractual terms, or a decision on an application, contact us directly.

Why am I being asked about a transaction?

Banks may seek context or supporting information when activity requires additional understanding or verification.

Does an information request mean wrongdoing is suspected?

Not necessarily. Verification and monitoring requests can form part of routine customer due diligence and risk management.

What should I do if a request is unclear?

Use an official contact channel to confirm the request and ask what information is required and how it should be submitted securely.

VIRENT GLOBAL BANK

Need clarification about a compliance information request?

Speak with our team for guidance based on your circumstances.

Contact Us

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