Important Advisory

In connection with Anti-Money Laundering Council’s (AMLC) reminder to closely monitor financial activities which may be precedent or an effect of digital vote-buying, First Metro Asset will be vigilant in monitoring proceeds coming in (new and existing accounts) and out (redemptions) of our investors’ fund/s via digital channels.

Said transactions which may be red flagged based on AMLC are the following:

- significant or large transactions performed within a short period
- unjustified large cash deposits, withdrawals
- transactions seen as inconsistent with the customer’s financial profile or declared business
- unusual transactions or activities compared with normal daily dealings
- structured cash deposits, money transfers
- use of multiple accounts by a single transactor
- use of several money service businesses to send funds

We urge everyone to talk to their Relationship Managers should they feel their transactions will fall in any of the given items above.