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zeekayandHanzo Dev
5c7d0fa655
Lux Partners Limited is not the entity behind this work. Every place the old name stood — copyright lines, site footers, brand config, legal and compliance text — now names the company that actually holds it. lux.fund is the exception and is not renamed to match: that site belongs to Lux Assets Management LLC, a different company, and it says so. Two kinds of line were left for a person rather than rewritten. A dated news item recording that Lux Partners Limited was established in the Isle of Man is a historical fact, and renaming it would falsify the record. And a sentence asserting that the company is domiciled in the Isle of Man is a claim about a jurisdiction, not a name — an Inc or an LLC is not an Isle of Man company, so swapping the name there would assert something untrue. Co-authored-by: Hanzo Dev <[email protected]>
255 lines
7.5 KiB
Go
255 lines
7.5 KiB
Go
// Copyright 2024-2026 Lux Industries Inc. All rights reserved.
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// Use of this source code is governed by the Apache 2.0
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// license that can be found in the LICENSE file.
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package regulatory
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// IOM implements the Jurisdiction interface for Isle of Man IOMFSA compliance.
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// Covers the Anti-Money Laundering and Countering the Financing of Terrorism
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// Code 2019, Designated Business registration, and CDD/EDD requirements.
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type IOM struct{}
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func (iom *IOM) Name() string { return "Isle of Man" }
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func (iom *IOM) Code() string { return "IM" }
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func (iom *IOM) RegulatoryFramework() string { return "iom" }
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func (iom *IOM) PassportableTo() []string { return nil }
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func (iom *IOM) Requirements() []Requirement {
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return []Requirement{
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// IOMFSA Designated Business registration
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{
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ID: "im-iomfsa-registration",
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Category: "licensing",
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Description: "IOMFSA Designated Business registration under the Proceeds of Crime Act 2008",
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Mandatory: true,
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Reference: "Proceeds of Crime Act 2008 (Isle of Man)",
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},
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// AML/CFT Code 2019
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{
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ID: "im-amlcft-cdd",
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Category: "kyc",
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Description: "Customer Due Diligence: verify identity, address, and beneficial ownership",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Part 3",
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},
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{
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ID: "im-amlcft-edd",
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Category: "kyc",
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Description: "Enhanced Due Diligence for high-risk relationships",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Part 4",
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},
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{
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ID: "im-amlcft-source-wealth",
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Category: "kyc",
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Description: "Source of wealth verification for all customers",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Para 13",
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},
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{
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ID: "im-amlcft-source-funds",
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Category: "kyc",
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Description: "Source of funds verification for each transaction/relationship",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Para 14",
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},
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{
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ID: "im-amlcft-pep",
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Category: "kyc",
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Description: "PEP screening and ongoing monitoring",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Para 16",
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},
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{
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ID: "im-amlcft-sanctions",
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Category: "aml",
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Description: "Sanctions screening against applicable lists (UK, EU, UN)",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Para 17",
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},
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{
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ID: "im-amlcft-ongoing",
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Category: "aml",
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Description: "Ongoing monitoring of business relationships and transactions",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Part 5",
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},
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{
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ID: "im-amlcft-record",
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Category: "reporting",
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Description: "Record keeping: maintain CDD records for at least 5 years after relationship ends",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Part 6",
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},
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// STR reporting
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{
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ID: "im-str",
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Category: "reporting",
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Description: "Suspicious Transaction Reports to Isle of Man FIU",
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Mandatory: true,
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Reference: "Proceeds of Crime Act 2008, s21",
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},
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// Risk assessment
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{
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ID: "im-risk-assessment",
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Category: "aml",
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Description: "Business-wide and customer risk assessments",
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Mandatory: true,
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Reference: "AML/CFT Code 2019, Part 2",
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},
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}
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}
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func (iom *IOM) ValidateApplication(app *ApplicationData) []Violation {
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var violations []Violation
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// CDD: identity
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if app.GivenName == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "given_name",
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Message: "Given name is required for IOM CDD",
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Severity: "error",
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})
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}
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if app.FamilyName == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "family_name",
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Message: "Family name is required for IOM CDD",
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Severity: "error",
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})
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}
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if app.DateOfBirth == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "date_of_birth",
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Message: "Date of birth is required for IOM CDD",
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Severity: "error",
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})
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}
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// CDD: address
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if len(app.Street) == 0 || app.Street[0] == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "street",
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Message: "Residential address is required for IOM CDD",
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Severity: "error",
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})
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}
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if app.City == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "city",
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Message: "City/town is required for IOM CDD",
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Severity: "error",
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})
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}
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if app.PostalCode == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "postal_code",
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Message: "Postal code is required for IOM CDD",
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Severity: "error",
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})
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}
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if app.Country == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "country",
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Message: "Country of residence is required for IOM CDD",
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Severity: "error",
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})
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}
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// Source of wealth (mandatory for IOM)
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if app.NetWorth == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-source-wealth",
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Field: "net_worth",
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Message: "Net worth is required for IOM source of wealth verification",
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Severity: "error",
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})
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}
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if app.AnnualIncome == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-source-wealth",
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Field: "annual_income",
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Message: "Annual income is required for IOM source of wealth verification",
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Severity: "error",
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})
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}
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// Source of funds
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if app.FundingSource == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-source-funds",
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Field: "funding_source",
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Message: "Source of funds is required under IOM AML/CFT Code",
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Severity: "error",
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})
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}
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// PEP screening
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if app.IsPoliticallyExposed == nil {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-pep",
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Field: "is_politically_exposed",
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Message: "PEP status declaration is required under IOM AML/CFT Code",
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Severity: "error",
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})
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}
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if app.ImmediateFamilyExposed == nil {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-pep",
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Field: "immediate_family_exposed",
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Message: "Family member PEP status is required under IOM AML/CFT Code",
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Severity: "error",
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})
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}
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// EDD triggers
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if app.IsPoliticallyExposed != nil && *app.IsPoliticallyExposed {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-edd",
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Field: "is_politically_exposed",
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Message: "Enhanced Due Diligence required: customer is a PEP",
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Severity: "warning",
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})
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}
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// Employment for source of wealth context
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if app.EmploymentStatus == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-source-wealth",
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Field: "employment_status",
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Message: "Employment status is required for source of wealth context",
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Severity: "error",
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})
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}
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// Email
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if app.Email == "" {
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violations = append(violations, Violation{
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RequirementID: "im-amlcft-cdd",
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Field: "email",
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Message: "Email address is required",
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Severity: "error",
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})
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}
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return violations
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}
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func (iom *IOM) TransactionLimits() *Limits {
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return &Limits{
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SingleTransactionMax: 150_000, // GBP 150k
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DailyMax: 500_000, // GBP 500k
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MonthlyMax: 2_000_000, // GBP 2M
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CTRThreshold: 15_000, // EUR 15k equivalent
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TravelRuleMin: 1_000, // EUR 1k (aligned with EU)
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Currency: "GBP",
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}
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}
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