Anti-money Laundering Policy

It is Jays Wines’ policy to combat money laundering and financing of illegal activity by implementing procedures and processes to identify and verify customers and to place obligations on staff and management to report certain information on suspicious activity/transactions, in accordance with the laws of the Republic of Kenya. Jays Wines will not operate fictitious or anonymous accounts, operate the accounts of shell banks, and will not willingly and/or knowingly conduct business which is tantamount to money laundering. Jays Wines holds that no customer relationship is worth compromising our commitment to combating money laundering.

  • Jays Wines maintains a Customer Acceptance Programme that is codified in the organisation’s terms of use policy and privacy policy that provides the standards, policies and procedures to ensure effective KYC risk management to guard against Reputational, operational, legal and concentration risks.  The KYC standards provide the first level of defence in complying with local, regional and international anti-money laundering legal and regulatory requirements and practices as well as those related to combating the Financing of Terrorism.
  • AML/KYC Disclosures and Policies.