• Anti-money laundering

Anti-money Laundering

Combating fraud

Fidelity recognises the value and importance of a business environment that operates on the basis of trust and integrity and which strongly discourages money laundering.
We are committed to complying with all relevant legislation and regulation across the jurisdictions in which we operate. Accordingly we have developed a policy of constructive engagement and cooperation with all authorities charged with anti-money laundering responsibilities.
Our policy includes structures, processes and procedures which are designed to prevent and detect money laundering activity.

Detection and reporting

While all our management and staff have an obligation to follow our policy, we also have a global network of Money Laundering Reporting Officers whose job is to provide on the spot advice and guidance, as well as work with the authorities on specific cases. This reports directly to the Group Board and its Audit Committee.

Assessment

We adopt a risk-based approach to our business so we can best focus our resources in the areas where they are most needed. In doing this we take account of the country concerned, the nature of the product and the type of client.

Staff training

Staff are trained in what they have to do and what to look out for.We use a variety of methods, including web-based tools to ensure that training is as comprehensive and up to date as we can make it.

Security

We have processes designed to verify our clients' identities using a variety of methods and technologies. Unusual or suspicious transactions are investigated by a team of experienced independent investigators and reports are made to local law enforcement authorities as required. We maintain records of clients and transactions for as long as required by local legislation.

Cash

We do not accept cash receipts or make cash payments under any circumstances. Similarly, we do not accept or make third party payments.

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