Anti-Money Laundering Statement
Last Updated: May 2026 | Next Review: May 2027
1. Our Commitment
Future Alternative Ltd is committed to the highest standards of integrity and compliance in everything we do. We have a zero-tolerance approach to money laundering, terrorist financing and any other form of financial crime.
2. Legal Framework
Our AML compliance framework is built on the following UK legislation:
Proceeds of Crime Act 2002 (POCA)
Terrorism Act 2000
Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLR 2017)
Proliferation Financing — as incorporated into MLR 2017
Future Alternative Ltd recognises its responsibility to detect, prevent and report suspected money laundering, terrorist financing and proliferation financing activity in accordance with UK law.
3. Client Due Diligence
Know Your Client: We conduct appropriate due diligence on all clients before and during engagement. This may include verifying the identity of individuals and organisations, understanding the nature of the engagement, and assessing the source of funds where relevant.
4. Sanctions Screening
Future Alternative Ltd screens all clients and relevant parties against UK sanctions lists maintained by the Office of Financial Sanctions Implementation (OFSI) and HM Treasury. We do not engage with any individual or organisation that is subject to UK financial sanctions, and we monitor for updates to sanctions lists on an ongoing basis.
5. Staff Training & Awareness
All members of the Future Alternative Ltd team receive appropriate training on anti-money laundering obligations, how to recognise suspicious activity, and how to escalate concerns internally. Our AML training is reviewed and updated regularly to reflect changes in legislation and best practice.
6. Reporting Obligations
Suspicious Activity: Where we have knowledge or reasonable suspicion of money laundering or terrorist financing, we are legally required to submit a Suspicious Activity Report (SAR) to the National Crime Agency (NCA). We will not tip off any individual or organisation that a SAR has been submitted.
Non-Engagement: Future Alternative Ltd reserves the right to decline or terminate any engagement where AML concerns cannot be satisfactorily resolved. We will not knowingly facilitate any transaction that may involve the proceeds of criminal activity.
7. Record Keeping
We maintain records of all client due diligence checks, supporting documents and transaction records for a minimum of five years following the end of a business relationship or transaction, in accordance with MLR 2017.
8. Contact
If you have any questions about our AML procedures, or wish to raise a concern, please contact us. All enquiries will be handled promptly and in confidence.
Future Alternative Ltd
24/25 The Shard, 32 London Bridge Street, London, SE1 9SG, UK
9. Review
This statement is reviewed annually to ensure it remains accurate and aligned with current legislation and regulatory guidance.
Next Review Date: May 2027