It is up to each platform to decide how they interpret anti-money laundering regulations. In our view, given that an investors’ personal details and/or status may have changed significantly in the years since they first signed up with us, annual verification is an effective way to ensure we meet our security obligations. 

The penalties for failing to implement sufficient AML procedures are severe and have the potential to affect the entire platform, so we’ve taken the decision to be safe rather than sorry. 

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