Why is it required to update my client information upon request?
As a regulated financial institution, we are required by law to have established policies and measures to prevent any potential financial crime abuse. These measures are applied both when new clients join us and throughout a client relationship. According to AML law, we are required to periodically update client files and information.
Your safety is important to us. To protect our clients’ funds against financial crime, we need to know who our clients are and how they intend to use our services. Therefore, from time to time we may ask you to update your client information and supporting documents.
Applicable regulatory regulation requires us and all other financial institutions, to maintain and update all client information throughout the client relationship to make our services as secure as possible. We will update your information if we become aware that your personal circumstances have changed.
The kind of documentation needed varies depending on your type of client relationship and your personal circumstances.
We do everything we can to make sure that you feel confident as a client of Alaric.