Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy

Rita strictly prohibits—and actively prevents—any form of money-laundering, terrorist-financing, or related illicit activity. All management, employees and affiliates must comply with this AML Policy and ensure the platform is never used for illegal purposes.

Rita operates in jurisdictions with stringent anti-money laundering (AML) regulations and is committed to close cooperation with financial regulatory authorities in the United Kingdom and other relevant regions. We adhere to internationally recognized standards and local legal requirements in the UK, continuously strengthening our internal monitoring systems to rigorously combat all forms of illicit financial activity.
This policy is drafted and maintained in line with, but not limited to, the following international standards and UK legislation:
1.FATF 40 Recommendations – the global AML/CFT standard.
2.Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLR 2017).
3.Sanctions and Anti-Money Laundering Act 2018.
4.FCA (UK Financial Conduct Authority) AML & Financial Crime Guidance.
5.EU 6th Anti-Money-Laundering Directive (6AMLD) – for cross-border cooperation where applicable.
Rita continually monitors FATF mutual-evaluation reports and FCA notices to keep its controls in line with industry best practice.

1.Training & Governance:All staff handling customer funds/data receive regular AML training. A dedicated Compliance Team reviews high-risk activities.
2.KYC / CDD:Risk-based onboarding: identity verification, source-of-funds checks, ongoing CDD; risk ratings updated dynamically.We also conduct sanctions screening (OFAC, UN, EU, UK HMT) and perform PEP and adverse media checks using trusted databases.
3.Transaction Monitoring:Automated screening plus manual review; heightened scrutiny on high-risk jurisdictions and sanctioned entities.
4.Employees must first escalate concerns to the Money Laundering Reporting Officer (MLRO), who will assess and decide whether to file a SAR with the NCA.Suspicious Activity Reports:When activity is deemed suspicious, Rita may freeze/decline the transaction and file a SAR with the UK National Crime Agency (NCA) without notice to the customer.
5.Limits & Controls:Adaptive daily/monthly limits on deposits, withdrawals and transfers, revised per risk level.

When there is suspicion that a customer or third party may be involved in criminal activity, we will assess whether there is a money laundering risk. Below are some examples of suspicious activities that should be reported:
1.Incomplete, false or inconsistent identity information.
2.Transaction patterns inconsistent with stated profile (e.g. structuring or sudden large volume).
3.Funds in/out from sanctioned or high-risk countries.
4.Multiple accounts controlled by the same user/IP.
5.Repeated refunds or requests to route funds to unrelated third parties.
6.Use of anonymous payment tools aimed at obscuring ownership.

Rita’s Rights
1.Obtain & Verify Data – request full KYC, proof of address, source-of-funds, etc.
2.Apply Controls – alter limits, request enhanced due diligence, suspend or close an account.
3.Report Suspicious Activity – file SARs/STRs with the NCA or other competent bodies.
Rita’s Obligations
1.Continuous Monitoring – real-time review of high-frequency or anomalous transactions.
2.Data Security – protect customer data under UK GDPR.
3.Record-Keeping – retain KYC and transaction logs for at least five years, and up to seven years where required by law.
4.Regulator Cooperation – provide documents and data upon lawful request from FCA/NCA or courts.

Rita reviews this AML Policy at least annually and whenever regulatory changes arise. Updated versions are posted on the official website; material changes are also notified to users by email or in-app notice.

Rita partners with banks, payment processors, blockchain-analytics providers, and global FIUs to detect and deter financial crime. Where legally permitted, Rita will share information with law-enforcement agencies and pursue action against any party engaged in money-laundering or fraud via the platform.