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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]>
247 lines
7.2 KiB
Go
247 lines
7.2 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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// UK implements the Jurisdiction interface for United Kingdom FCA compliance.
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// Covers FCA registration, 5AMLD, CDD/EDD requirements.
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type UK struct{}
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func (u *UK) Name() string { return "United Kingdom" }
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func (u *UK) Code() string { return "GB" }
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func (u *UK) RegulatoryFramework() string { return "uk_fca" }
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func (u *UK) PassportableTo() []string { return nil }
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func (u *UK) Requirements() []Requirement {
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return []Requirement{
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// FCA registration
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{
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ID: "uk-fca-registration",
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Category: "licensing",
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Description: "FCA registration under Part 4A of FSMA 2000",
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Mandatory: true,
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Reference: "Financial Services and Markets Act 2000",
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},
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// 5AMLD / MLR 2017
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{
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ID: "uk-5amld-cdd",
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Category: "kyc",
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Description: "Customer Due Diligence: verify identity before establishing business relationship",
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Mandatory: true,
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Reference: "Money Laundering Regulations 2017, Reg 28",
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},
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{
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ID: "uk-5amld-edd",
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Category: "kyc",
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Description: "Enhanced Due Diligence for high-risk customers (PEPs, high-risk countries)",
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Mandatory: true,
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Reference: "MLR 2017, Reg 33-35",
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},
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{
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ID: "uk-5amld-ongoing",
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Category: "aml",
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Description: "Ongoing monitoring of business relationship and transactions",
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Mandatory: true,
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Reference: "MLR 2017, Reg 28(11)",
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},
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{
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ID: "uk-5amld-pep",
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Category: "kyc",
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Description: "PEP screening: identify politically exposed persons and family/close associates",
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Mandatory: true,
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Reference: "MLR 2017, Reg 35",
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},
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{
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ID: "uk-5amld-sanctions",
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Category: "aml",
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Description: "HM Treasury sanctions list screening",
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Mandatory: true,
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Reference: "Sanctions and Anti-Money Laundering Act 2018",
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},
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// CDD requirements
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{
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ID: "uk-cdd-identity",
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Category: "kyc",
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Description: "Verify customer identity: full name, date of birth, residential address",
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Mandatory: true,
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Reference: "MLR 2017, Reg 28(2)",
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},
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{
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ID: "uk-cdd-purpose",
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Category: "kyc",
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Description: "Establish purpose and intended nature of business relationship",
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Mandatory: true,
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Reference: "MLR 2017, Reg 28(6)",
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},
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{
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ID: "uk-cdd-source-funds",
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Category: "kyc",
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Description: "Determine source of funds for the business relationship",
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Mandatory: true,
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Reference: "MLR 2017, Reg 28(3)",
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},
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// Reporting
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{
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ID: "uk-sar",
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Category: "reporting",
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Description: "Suspicious Activity Reports to NCA",
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Mandatory: true,
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Reference: "Proceeds of Crime Act 2002, s330-332",
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},
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// FCA consumer duty
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{
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ID: "uk-fca-consumer-duty",
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Category: "kyc",
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Description: "Consumer Duty: act to deliver good outcomes for retail customers",
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Mandatory: true,
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Reference: "FCA PS22/9 - Consumer Duty",
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},
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}
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}
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func (u *UK) ValidateApplication(app *ApplicationData) []Violation {
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var violations []Violation
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// CDD: full name
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if app.GivenName == "" {
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violations = append(violations, Violation{
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RequirementID: "uk-cdd-identity",
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Field: "given_name",
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Message: "Given name is required for UK 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: "uk-cdd-identity",
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Field: "family_name",
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Message: "Family name is required for UK CDD",
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Severity: "error",
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})
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}
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// CDD: DOB
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if app.DateOfBirth == "" {
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violations = append(violations, Violation{
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RequirementID: "uk-cdd-identity",
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Field: "date_of_birth",
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Message: "Date of birth is required for UK CDD",
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Severity: "error",
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})
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}
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// CDD: residential 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: "uk-cdd-identity",
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Field: "street",
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Message: "Residential address is required for UK 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: "uk-cdd-identity",
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Field: "city",
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Message: "City is required for UK 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: "uk-cdd-identity",
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Field: "postal_code",
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Message: "Postcode is required for UK 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: "uk-cdd-identity",
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Field: "country",
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Message: "Country of residence is required",
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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: "uk-cdd-source-funds",
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Field: "funding_source",
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Message: "Source of funds is required under UK CDD",
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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: "uk-5amld-pep",
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Field: "is_politically_exposed",
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Message: "PEP status declaration is required under 5AMLD",
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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: "uk-5amld-pep",
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Field: "immediate_family_exposed",
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Message: "Family member PEP status is required under 5AMLD",
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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: "uk-5amld-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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if app.ImmediateFamilyExposed != nil && *app.ImmediateFamilyExposed {
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violations = append(violations, Violation{
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RequirementID: "uk-5amld-edd",
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Field: "immediate_family_exposed",
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Message: "Enhanced Due Diligence required: customer is a family member of a PEP",
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Severity: "warning",
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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: "uk-cdd-identity",
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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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// UK tax ID (UTR or NINO) for UK residents
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if app.Country == "GB" && app.TaxID == "" {
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violations = append(violations, Violation{
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RequirementID: "uk-cdd-identity",
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Field: "tax_id",
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Message: "National Insurance Number or UTR is recommended for UK residents",
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Severity: "warning",
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})
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}
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return violations
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}
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func (u *UK) TransactionLimits() *Limits {
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return &Limits{
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SingleTransactionMax: 200_000, // GBP 200k
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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 (5AMLD threshold)
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TravelRuleMin: 1_000, // EUR 1k (EU wire transfer regulation)
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Currency: "GBP",
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}
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}
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