ClearWire Limited utilizes a comprehensive Anti-Money Laundering program to comply with the local and international laws and regulations throughout the jurisdictions in which it conducts business.
Account Opening Requirements
To help governments fight the funding of terrorism and money laundering activities, current laws require all Financial Institutions to obtain, verify, and record information that identifies each person that opens or is associated with the opening of an account.
KYC Identification and Procedures for New and Existing Accounts
When applying for an account with ClearWire Limited, you must accurately provide your name, address, identification number, contact details, and other relevant information that is sufficient for us to confirm and verify your identity and residency. Supporting documentation of your identity must be provided by submitting a copy of your passport or other government-issued photo identification. Supporting documentation is also required to confirm your address of residency and/or to verify the registration and association with any company requesting an account.
We are required to verify the identity of all direct clients. As such, we will screen personal names and other information against various databases and utilize other independent sources to verify your identity and residency. However all information and documentation will be treated in a manner so as to protect your privacy. In cases where the supporting documentation is found to be fraudulent or insufficient, we will not be able to issue an account or proceed with a business or financial relationship.
If an account has already been opened, we reserve the right to restrict, freeze or close the account if instances of fraud or money laundering are detected. Furthermore in accordance with our ongoing due diligence, information and documentation must be provided as requested relating to an account holder's identity, account activity, residency, or any other information regarding the source or destination of funds associated with an account.
Verification of Incoming Transfers
All transactions are monitored and must be cleared to ensure that the funds transferred have not been obtained fraudulently. Clients may periodically be requested to submit a Declaration of Source of Funds (DSF) and supporting documentation for payments arriving into their account. In such cases, payments will be blocked until the DSF has been submitted and we are satisfied that the funds have been acquired and transferred legitimately. Refusal to comply with our DSF requirements within a timely manner will result in the return of the payment. All payments that are not cleared within 60 days will be returned to the sending bank.
Verification of Outgoing Transfers
Additional information and documentation may also be requested for outbound payments from an account. Such requests may be made at random or may be based on suspicion or the detection of an unusual pattern of activity. In either case, we reserve the right to reject or cancel any payment where supporting documentation has not been provided upon request or where the payment is found to be associated with fraud or money laundering.