Bayba (UK) Ltd recognises that, as a non-bank financial institution, we are at risk of being exploited by money launderers. We fully recognise that we have both civic responsibilities and legal obligations to do all we can to prevent the abuse of our services. Bayba has formulated effective policies in order to ensure safe, secure and transparent flow of business, not only for the company itself but also for our customers and country. The company’s Anti-Money Laundering rules and procedures are based on the following key principles:• Staff knowledge, awareness and training on regular basis.• Customer identification (KYC Policy, Know Your Customer).• Keeping records of all transactions.• Reporting of information.• Proper scrutiny of information given by the customers.
