AML/CFT COMPLIANCE
AML/CFT COMPLIANCE
Customer Due Diligence and AML/CFT Compliance
Equiti Group is subject to the requirements of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). In accordance with this legislation, we are required to complete customer due diligence (CDD) before we can commence or continue any business relationship.
Customer Due Diligence Requirements
Under the AML/CFT Act, we must verify the identity of each member prior to their participation in a limited partnership, as well as any beneficial owner or individual acting on their behalf (e.g. directors, shareholders, trustees, or beneficiaries).
This process requires us to collect the following information for each relevant individual:
Full legal name
Date of birth
Residential address
We must also obtain supporting documentation to verify this information.
Electronic Verification via APLYiD
To facilitate this process, we use APLYiD, a secure electronic verification platform (aplyid.com). APLYiD uses biometric facial recognition, optical character recognition (OCR), and reliable data sources to verify a person’s identity and residential address.
Using APLYiD: What to Expect
To complete the verification, you will need a smartphone and a valid passport or drivers licence. The process is as follows:
Equiti Group will send a text message with a secure link to begin the APLYiD process — no app download is required.
You will be asked to take photos of your identity document using your smartphone.
APLYiD will extract and display your information for confirmation.
You will enter your current residential address.
You will record a short video (showing the front and side of your face) to match your biometric data with your ID photo.
APLYiD will verify your information against government, financial, and international databases, including Politically Exposed Person (PEP) and sanctions lists.
A verification report will be securely provided to Equiti Group’s compliance team for review.
Please note that in some cases we may be required to request additional information or documentation.
Collection and Rentention of Personal Information
The AML/CFT report generated by APLYiD may include:
Identity document details, including your photo
Your residential address and contact number
A photo extracted from your video
A summary of the verification sources checked
The outcome of the verification process
Equiti Group stores this information securely and in accordance with our Privacy Policy.
Once the verification report has been downloaded, APLYiD permanently deletes all personal information and retains only a non-identifiable reference number. If the report is not downloaded, all data is automatically deleted within seven days of completion.
Further Information
If you have any questions about the due diligence process or the information required, please contact our compliance team at compliance@equitigroup.co.
Customer Due Diligence and AML/CFT Compliance
Equiti Group is subject to the requirements of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). In accordance with this legislation, we are required to complete customer due diligence (CDD) before we can commence or continue any business relationship.
Customer Due Diligence Requirements
Under the AML/CFT Act, we must verify the identity of each member prior to their participation in a limited partnership, as well as any beneficial owner or individual acting on their behalf (e.g. directors, shareholders, trustees, or beneficiaries).
This process requires us to collect the following information for each relevant individual:
Full legal name
Date of birth
Residential address
We must also obtain supporting documentation to verify this information.
Electronic Verification via APLYiD
To facilitate this process, we use APLYiD, a secure electronic verification platform (aplyid.com). APLYiD uses biometric facial recognition, optical character recognition (OCR), and reliable data sources to verify a person’s identity and residential address.
Using APLYiD: What to Expect
To complete the verification, you will need a smartphone and a valid passport or drivers licence. The process is as follows:
Equiti Group will send a text message with a secure link to begin the APLYiD process — no app download is required.
You will be asked to take photos of your identity document using your smartphone.
APLYiD will extract and display your information for confirmation.
You will enter your current residential address.
You will record a short video (showing the front and side of your face) to match your biometric data with your ID photo.
APLYiD will verify your information against government, financial, and international databases, including Politically Exposed Person (PEP) and sanctions lists.
A verification report will be securely provided to Equiti Group’s compliance team for review.
Please note that in some cases we may be required to request additional information or documentation.
Collection and Rentention of Personal Information
The AML/CFT report generated by APLYiD may include:
Identity document details, including your photo
Your residential address and contact number
A photo extracted from your video
A summary of the verification sources checked
The outcome of the verification process
Equiti Group stores this information securely and in accordance with our Privacy Policy.
Once the verification report has been downloaded, APLYiD permanently deletes all personal information and retains only a non-identifiable reference number. If the report is not downloaded, all data is automatically deleted within seven days of completion.
Further Information
If you have any questions about the due diligence process or the information required, please contact our compliance team at compliance@equitigroup.co.