It is the policy of Rapidproxy to prohibit and actively prevent money laundering and any activity that facilitates money laundering or the financing of terrorist or criminal activities. We comply with all applicable requirements under the Bank Secrecy Act (BSA) and its implementing regulations.
Rapidproxy's AML policies, procedures, and internal controls are designed to ensure compliance with all applicable BSA regulations and relevant financial industry rules. These policies will be reviewed and updated regularly to ensure that appropriate measures are in place to account for both regulatory changes and business adjustments.
We will not disclose the fact that FinCEN has requested or obtained information from us, except to the extent necessary to comply with the information request.
We recognize that the receipt of a National Security Letter (NSL) is highly confidential. No manager, employee, or proxy of Rapidproxy may directly or indirectly disclose to any person that the FBI or other federal authority has sought or obtained access to our records. To maintain the confidentiality of any NSL we receive, we will process and store the NSL securely. If we file a Suspicious Activity Report (SAR) after receiving an NSL, the SAR will not reference the NSL's receipt or existence. The SAR will only contain detailed information about the detected suspicious activity.
We monitor account activity for unusual size, volume, pattern, or type of transactions, taking into account risk factors and red flags that are relevant to our business.
Red flags that may signal potential money laundering or terrorist financing include, but are not limited to:
Potential Red Flags in Customer Due Diligence and Interactions with Customers
Other Potential Red Flags
Our designated AML Compliance Officer is responsible for ensuring that AML records are maintained accurately and that SARs are filed as required.
We work closely with our clearing firm to detect and prevent money laundering. We exchange information, records, data, and exception reports necessary to comply with AML laws. We will obtain and use exception reports offered by our clearing firm to monitor customer activity and provide them with proper customer identification and due diligence information.
Senior management has approved this AML compliance program in writing, affirming that it is reasonably designed to ensure and monitor our ongoing compliance with the BSA and its implementing regulations.
Effective Date: March 1st 2025
Company: RAPID TERMINAL UK NETWORK LIMITED