The purpose of this Compliance Policy is to ensure that WiseBanco operates in full accordance with applicable financial laws, regulations, and industry standards. It promotes a culture of integrity, transparency, and accountability throughout the organization.
This policy applies to all employees, contractors, agents, and affiliates of WiseBanco. It covers all products, services, and interactions with clients, regulators, and business partners.
WiseBanco complies with all relevant UK regulations, including:
The Financial Services and Markets Act (FSMA)
Anti-Money Laundering (AML) Regulations
Know Your Customer (KYC) Guidelines
UK General Data Protection Regulation (UK GDPR)
FCA and PRA regulatory requirements
We maintain robust AML policies and procedures to prevent financial crime. These include:
Customer identity verification (KYC)
Risk-based due diligence
Ongoing transaction monitoring
Suspicious activity reporting in line with regulatory expectations
All customer data is handled in compliance with UK GDPR.
We ensure:
Data is stored securely and used lawfully
Access is restricted to authorized personnel only
Customers' privacy rights are respected at all times
WiseBanco proactively identifies, assesses, and mitigates compliance and operational risks.
Our risk management framework includes:
Internal controls
Policy reviews
Incident response planning
All employees receive regular compliance training, including:
AML and KYC regulations
Data protection responsibilities
Ethical conduct and reporting procedures
We encourage the reporting of suspected misconduct or policy violations.
Our whistleblower channel:
Ensures confidentiality
Protects whistleblowers from retaliation
Investigates all claims fairly and thoroughly
Regular compliance audits are conducted to:
Evaluate policy effectiveness
Detect and address non-compliance
Recommend corrective actions where necessary
This policy is reviewed annually or following significant regulatory updates.
All revisions are communicated to relevant stakeholders in a timely manner.