The purpose of this document is to provide guidance concerning the topic of Client Acceptance:
1. Which Business Types Clarity Global would not accept.
2. Which business types can Clarity Global accept, and whether we classify these as High, Medium, or Low Risk.
3. Jurisdictions non - acceptable
4. Jurisdictions - acceptable
When determining which industries to accept for onboarding, Clarity Global uses various factors, in particular:
1. What are the Global regulations of the industry?
2. Which level of Risk does the industry represent?
3. Is working with this industry within the Company’s Risk appetite?
4. Is working with this industry within the Company’s Partners’ Risk appetite?
5. In which country is the client located or incorporated?
6. In which countries do the company officials reside?
The purpose of this document is to provide guidance concerning the topic of Client Acceptance:
1. Which Business Types Clarity Global would not accept.
2. Which business types can Clarity Global accept, and whether we classify these as High, Medium, or Low Risk.
3. Jurisdictions non - acceptable
4. Jurisdictions - acceptable
When determining which industries to accept for onboarding, Clarity Global uses various factors, in particular:
1. What are the Global regulations of the industry?
2. Which level of Risk does the industry represent?
3. Is working with this industry within the Company’s Risk appetite?
4. Is working with this industry within the Company’s Partners’ Risk appetite?
5. In which country is the client located or incorporated?
6. In which countries do the company officials reside?
This section provides industries which Clarity Global would not accept for onboarding according to its Risk appetite, Regulation restrictions or other reasons.
The list is not exhaustive - Clarity Global may amend the list according to changed Risk Appetite, updates in regulatory framework or other reasons.
Clarity Global would not accept any business conducting illegal activities, even if it is not in the list below.
Clarity Global will apply Enhanced Due Diligence to clients operating in the following businesses:
Types of businesses, which have not been mentioned in sections 1 and 2 above, are generally acceptable by Clarity Global.
Clarity Global does not establish business relations with Companies incorporated and/or located or individuals residing in the following countries:
Clarity Global regularly updates the above list based on the latest United Nations Security Council Sanctions (as published at https://www.un.org/securitycouncil/content/un-sc-consolidated-list) and the latest guidelines of the FATF (published at http://www.fatfgafi.org/countries/).
Clarity Global will apply an Enhanced Due Diligence to clients incorporated, located or having business relations with the following countries:
The list is not exhaustive - Clarity Global may amend the list according to changed Risk Appetite, updates in regulatory framework or other reasons
This section provides industries which Clarity Global would not accept for onboarding according to its Risk appetite, Regulation restrictions or other reasons.
The list is not exhaustive - Clarity Global may amend the list according to changed Risk Appetite, updates in regulatory framework or other reasons.
Clarity Global would not accept any business conducting illegal activities, even if it is not in the list below.
Clarity Global will apply Enhanced Due Diligence to clients operating in the following businesses:
Clarity Global will apply an Enhanced Due Diligence to clients incorporated, located or having business relations with the following countries:
Clarity Global regularly updates the above list based on the latest United Nations Security Council Sanctions (as published at https://www.un.org/securitycouncil/content/un-sc-consolidated-list) and the latest guidelines of the FATF (published at http://www.fatfgafi.org/countries/).
Clarity Global will apply an Enhanced Due Diligence to clients incorporated, located or having business relations with the following countries:
The list is not exhaustive - Clarity Global may amend the list according to changed Risk Appetite, updates in regulatory framework or other reasons