Sanctions and AML Screening
🚨 Sanctions and AML Screening
To comply with UK Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations, The Hoxton Mix performs automated sanctions, watchlist and Politically Exposed Person (PEP) screening on every verified individual and organisation.
This step helps ensure we do not provide services to anyone subject to financial sanctions or involved in illicit activity.
What We Screen For
Screening Type | Description |
|---|---|
Sanctions Lists | Individuals or entities named on UK (OFAC / HMT), EU, UN or other recognised international sanctions lists. |
Politically Exposed Persons (PEPs) | Individuals who hold, or have recently held, prominent public functions (and their close family or associates). |
Adverse Media / Watchlists | Records of financial crime, corruption, terrorism, or serious fraud appearing in public or regulatory sources. |
High-Risk Jurisdictions | Businesses or individuals located in, or transacting through, countries identified by FATF as high-risk or non-co-operative. |
⚠️ Where screening identifies a potential match, we pause service activation until the result is reviewed and cleared by our Compliance Team.
When Screening Takes Place
Stage | What Happens | Outcome |
|---|---|---|
Initial Onboarding | Automated checks are performed immediately after document verification. | Service activated only if all results are clear. |
Ongoing Monitoring | Periodic re-screening and real-time alerts for sanctions or PEP updates. | Continuous compliance oversight. |
Trigger Events | Any change in ownership, company name, or control automatically triggers a fresh check. | Updated CDD record. |
What Happens If a Match Is Found
If a possible match arises:
- We pause account activation.
- The case is reviewed by our Compliance Team for confirmation.
- If the match is confirmed, we are legally required to refuse or terminate the relationship and submit a Suspicious Activity Report (SAR) to the UK National Crime Agency (NCA).
- If the match is false, verification continues as normal.
Ongoing Monitoring Responsibilities
We continue to:
- Keep all customer information current and accurate.
- Perform periodic re-verification as required by our risk assessment.
- Update CDD records where beneficial ownership or company details change.
- Escalate any suspicious activity to the NCA without delay.
🕵️ Our monitoring policy follows the principles of the UK Money Laundering Regulations (MLR 2017 as amended) and the FATF Recommendations for risk-based supervision.
Next: → Service Activation & Ongoing Compliance
Updated on: 05/11/2025