Compliance Framework
Regulatory Standards
Maintaining the highest standards of regulatory compliance across every jurisdiction we operate in is fundamental to our business. Our framework is designed to exceed regulatory requirements while enabling efficient service delivery.
Compliance Pillars
Our compliance program is built on six interconnected pillars that together form a comprehensive defense against financial crime and regulatory risk.
Anti-Money Laundering (AML)
We maintain rigorous AML programs aligned with the Financial Action Task Force (FATF) recommendations and local regulatory requirements in every jurisdiction where we operate. Our AML framework includes continuous transaction monitoring, suspicious activity reporting, and regular risk assessments.
- FATF 40 Recommendations
- EU Anti-Money Laundering Directives (AMLD 4, 5 & 6)
- UK Money Laundering Regulations 2017 (as amended)
- US Bank Secrecy Act & FinCEN guidance
- DFSA and CBUAE AML/CFT frameworks
- MAS Notice 626 and related guidelines
Know Your Customer (KYC)
Our KYC procedures ensure thorough identification and verification of all clients, beneficial owners, and controlling persons before any business relationship is established. We apply a risk-based approach, with enhanced due diligence for higher-risk clients and transactions.
- Customer identification and verification (CID/CIV)
- Beneficial ownership identification and verification
- Source of funds and source of wealth verification
- Ongoing monitoring and periodic review
- Enhanced due diligence for PEPs and high-risk clients
- Adverse media screening and sanctions checks
Counter-Terrorism Financing (CTF)
We are fully committed to preventing the use of our services for the financing of terrorism. Our CTF measures are integrated into our broader AML compliance program and include real-time screening against international sanctions and designated persons lists.
- UN Security Council sanctions lists
- EU consolidated sanctions list
- OFAC Specially Designated Nationals (SDN) list
- UK HM Treasury sanctions list
- Wolfsberg Group CTF principles
- Local CTF regulatory requirements per jurisdiction
Regulatory Compliance
Globalex holds licenses and registrations across multiple jurisdictions and maintains active compliance programs tailored to the regulatory requirements of each. Our dedicated compliance team monitors regulatory developments and ensures prompt adaptation to new requirements.
- Financial Conduct Authority (FCA) – United Kingdom
- Dubai Financial Services Authority (DFSA) – DIFC
- Monetary Authority of Singapore (MAS)
- Cayman Islands Monetary Authority (CIMA)
- British Virgin Islands Financial Services Commission
- Malta Financial Services Authority (MFSA)
International Standards
We adhere to leading international compliance standards and participate in global initiatives to promote transparency, good governance, and the integrity of the international financial system.
- OECD Common Reporting Standard (CRS)
- US Foreign Account Tax Compliance Act (FATCA)
- EU Directive on Administrative Cooperation (DAC)
- Economic Substance Requirements (ESR)
- Beneficial Ownership Transparency Registers
- BEPS (Base Erosion and Profit Shifting) framework
Data Protection & Privacy
We implement comprehensive data protection measures to safeguard all personal and corporate information entrusted to us, in compliance with applicable privacy laws and regulations across all jurisdictions where we operate.
- EU General Data Protection Regulation (GDPR)
- UK Data Protection Act 2018
- Singapore Personal Data Protection Act (PDPA)
- DIFC Data Protection Law
- ISO 27001 Information Security Management
- Regular data protection impact assessments
Our Compliance Commitments
Beyond regulatory requirements, we hold ourselves to the highest standards of corporate governance and ethical conduct.
Risk-Based Approach
We apply a proportionate, risk-based methodology to all compliance activities. Clients and transactions are assessed for risk at onboarding and throughout the relationship, with enhanced measures applied where elevated risks are identified.
Staff Training
All Globalex employees undergo mandatory compliance training at induction and annually thereafter. Specialized training is provided for client-facing staff, senior management, and compliance officers covering the latest regulatory developments and typologies.
Independent Audit
Our compliance programs are subject to regular independent review and audit by external specialists. Findings and recommendations are reported to senior management and the board, with remediation plans tracked to completion.
Whistleblowing
We maintain a confidential whistleblowing channel that allows employees, clients, and third parties to report compliance concerns without fear of retaliation. All reports are investigated promptly and thoroughly by our compliance team.
Sanctions Screening
We conduct real-time screening of all clients, beneficial owners, directors, and transaction counterparties against comprehensive international sanctions databases. Screening is performed at onboarding, on a periodic basis, and upon any relevant change in sanctions lists.
Record Keeping
We maintain complete and accurate records of all due diligence documentation, transaction records, and compliance decisions for the periods required by applicable law, typically a minimum of five to seven years following the termination of the business relationship.
Compliance Inquiries
For compliance-related inquiries or to report concerns, please contact our compliance team.