Anti-Money Laundering Risk Monitoring

In its capacity as external manager, MNK Capital Management Ltd can serve as the appointed Anti-Money Laundering (“AML”) Compliance Officer. We ensure that the funds we manage are compliant with all applicable legal and regulatory requirements, including:

  • Laws and Directives regarding the prevention of Money Laundering (“ML”) and Terrorist Financing (“TF”); and
  • Latest relevant circulars, directive or amending laws issued by CySEC.

Our AML Compliance Officer services, for the funds under our management, include the following:

  • Assume full responsibility before CySEC;
  • Development of AML Policy and manual with supporting procedures;
  • Development of AML risk scoring methodology and implementing this for risk scoring investors upon submitting their subscription applications and (for existing investors) upon regular KYC verifications;
  • Assessment of the economic profile of investors and ensuring whether it is in line to the investment risk-return profile of the managed fund they subscribe to;
  • Gathering and review/analyse investor KYC data;
  • Development of internal practices, measures, procedures and controls relevant to the prevention of ML and TF;
  • Development and establishment of the managed funds and their investors’ Acceptance Policy;
  • Preparation of the AMLCO’s Annual Report on the Prevention of Money Laundering and Terrorist Financing;
  • Preparation of the Monthly Prevention Statements;
  • Responding to any requests and queries from MOKAS and/ or CySEC;
  • Conduct of KYC/Due Diligence of prospective investors prior to on-boarding;
  • Assisting in the establishment and implementation of relevant Anti-Money Laundering and Anti-Terrorist Financing policies and procedures as per the provisions of the Law and the requirements of CySEC;
  • Conduct ad-hoc inspections on AML matters;
  • Assist in responding to any CySEC requests and/or notifications and ensure a good working relationship with the regulatory authorities.

Need forward-thinking business team? Get in touch with us.

©2024 MNK CAPITAL MANAGEMENT LTD. All rights reserved | This website is under the operation of MNK CAPITAL MANAGEMENT LTD which is licensed by the Cyprus Securities and Exchange Commission (license No. AIFM 60/56/2013).

MNK CAPITAL MANAGEMENT LTD (“Company”) is authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) with authorization number AIFM  60/56/2013. The information contained on this website is provided for general information and does not constitute an offering or legal or other professional advice, nor does it constitute any form of personal recommendation. Accordingly, information on this website is merely intended to raise awareness of issues relating to the Company’s business and by accessing this information you shall be deemed to accept and agree to be bound by the terms of this notice. Information contained on this website is subject to change without notice. It is therefore advisable that the user reviews this Disclaimer and any other notices on this website on a regular basis so that the user is aware of any such amendments of modifications. The distribution of information contained within this website may be restricted in certain jurisdictions by law or regulation and, accordingly, parties who access it are required to inform themselves of any comply with any such restrictions that might apply. Parties interested in accepting any service detailed within this website should inform themselves as to: (i) the legal and regulatory requirements within their country of nationality, residence or domicile; (ii) the tax consequences which might be relevant to the Company’s fund management services; and (iii) any other requirement or restriction which they may encounter. Therefore, the use of any information of materials on this website is entirely at your own risk, for which we expressly exclude liability to the fullest extent permitted by law. It shall be your own responsibility to ensure that any services or information available through this website meet your specific local requirements and/or restrictions. The entire contents of are subject to copyright with all rights reserved. You may download or print individual sections of the site for your personal use and information only provided that you retain all copyright and other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the site without the prior written permission of the Company. The information contained withing this website is of a general nature and further information should be sought by contacting us with your specific requirements. This website uses cookies. If you continue without changing your settings, we will assume that you are happy to receive all cookies on this website.