.png)
INVESTMENT GROUP
INVESTMENT GROUP
AML / CLIENT VERIFICATION POLICY
Jelo Investment Group Pty Ltd is committed to complying with applicable anti-money
laundering and counter-terrorism financing requirements in Australia.
We support the objectives of the AntiMoney Laundering and Counter-Terrorism Financing Act 2006 and the regulatory oversight of AUSTRAC.
1. Purpose
The purpose of this policy is to outline our approach to:
• Identifying and verifying clients
• Managing financial crime risk
• Maintaining appropriate records
• Supporting transparency in property transactions
2. Client Identification
Where required by law or by project partners, clients may be asked to provide identity verification documentation.
This may include:
• Driver's licence
• Passport
• Proof of residential address
• Company registration details (for corporate purchasers)
Client identification helps ensure compliance with Australian financial crime legislation.
3. Source of Funds
Where appropriate, clients may be asked to confirm the source of funds used in a property purchase.
Examples may include:
• Employment income
• Savings
• Business income
• Property equity
• Financial investments
This information may be requested by developers, lenders, solicitors or other transaction participants.
4. Record Keeping
JELO may retain relevant records relating to:
• Client identification
• Transaction documentation
• Communications regarding property transactions
These records may be retained for regulatory and compliance purposes.
5. Suspicious Activity
Where required by law, suspicious activity relating to property transactions may be reported to the appropriate authorities.
6. Privacy Protection
Any personal information collected as part of client verification will be handled in accordance with our Privacy Policy.
7. Important Notice
JELO does not provide legal, financial or tax advice.
Clients should obtain independent professional advice before entering into any property transaction.