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Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy

Public legal page from Beachfront.

Beachfront Real Estate & Investment LLC

Introduction

Beachfront Real Estate & Investment LLC is committed to maintaining the highest standards of integrity, transparency and regulatory compliance.

As an internationally operating real estate and investment company, we actively support global efforts to prevent money laundering, terrorist financing, fraud, corruption and other financial crimes.

This AML & KYC Policy outlines the principles under which Beachfront Real Estate & Investment LLC establishes business relationships, verifies client identities and complies with applicable legal and regulatory requirements.

1. Purpose

The purpose of this Policy is to:

prevent money laundering and terrorist financing
verify the identity of our clients
identify and assess potential compliance risks
support international regulatory standards
protect the integrity of our company, clients and business partners

2. Scope

This Policy applies to all business relationships involving:

private individuals
companies and corporations
investors
family offices
wealth managers
property developers
business partners
brokers
intermediaries, and
any other contracting parties.

3. Know Your Customer (KYC)

Before establishing a business relationship, Beachfront Real Estate & Investment LLC may verify the identity of its clients.

Depending on the nature and complexity of the transaction, we may request documentation including, but not limited to:

Individual Clients

valid passport or national identity card
proof of residential address
contact information
nationality
date of birth

Corporate Clients

certificate of incorporation or commercial registration
articles of association or equivalent constitutional documents
evidence of authorised representatives
identification of Ultimate Beneficial Owners (UBOs)
tax registration details
registered business address

4. Source of Funds

For certain transactions, Beachfront Real Estate & Investment LLC may request documentation demonstrating the lawful origin of funds.

Supporting documentation may include:

bank statements
proof of income
sale agreements
inheritance documentation
audited financial statements
dividend statements
other appropriate supporting documents

5. Risk-Based Approach

Beachfront Real Estate applies a risk-based approach when assessing clients and transactions.

Factors that may be considered include:

country of residence or incorporation
nature of the property transaction
transaction value
payment structure
politically exposed persons (PEPs)
complex ownership structures
unusual payment methods or transaction patterns

Where appropriate, enhanced due diligence may be carried out.

6. Sanctions and Compliance Screening

Beachfront Real Estate & Investment LLC may conduct sanctions and compliance checks against publicly available international sanctions databases.

Such screening may include sanctions issued by the United Nations, the European Union, the United Kingdom, the United States or other competent authorities, where appropriate and permitted by applicable law.

7. Politically Exposed Persons (PEPs)

Where clients are identified as Politically Exposed Persons (PEPs), or are closely associated with PEPs, enhanced due diligence measures may be applied.

Additional identity verification and documentation regarding the lawful source of funds may be requested.

8. Suspicious Activities

Beachfront Real Estate & Investment LLC reserves the right to:

suspend transactions
request additional documentation
decline to establish a business relationship or
terminate an existing relationship

where there are reasonable grounds to suspect money laundering, terrorist financing, fraud, corruption or any other unlawful activity, or where required by applicable law.

9. Data Protection

All personal information collected during AML and KYC procedures will be processed solely for legitimate business and legal purposes.

Personal data will be handled in accordance with our Privacy Policy and all applicable data protection legislation.

10. Cooperation with Authorities

Beachfront Real Estate & Investment LLC will cooperate with competent governmental authorities, regulatory bodies and law enforcement agencies where required by applicable law.

Where legally obligated, relevant information may be disclosed to the appropriate authorities.

11. Refusal or Termination of Business Relationships

Beachfront Real Estate & Investment LLC reserves the right to refuse or terminate any business relationship, including but not limited to circumstances where: