Corporate and Regulatory
- Lolly Global Ltd is a company with limited liability registered in England and Wales under company number 06829556, registered at 44 China Court, London, E1W 2JF, England
- The directors of Lolly Global Ltd are Mr R M Holmes, Mr J P Thomsen and Mr K P Beard
- Lolly Global Ltd is registered with the Information Commissioner’s Office of the United Kingdom for data protection purposes
- Lolly Global Ltd, is registered for Value Added Tax in the United Kingdom and the European Union under VAT number GB 003 3177 25
- UK companies will be charged 20% Value Added Tax in addition to the price per brand interaction. EU companies will be charged VAT or must provide their EU VAT number
- Lolly Global Ltd is registered for data protection with the Information Commissioner’s Office of the United Kingdom.
- Lolly Global Ltd complies with GDPR legislation and any national requirements.
- Data protection and protection of privacy are key to the customer experience.
- Brands and businesses benefit from customers who (whilst remaining anonymous) opt in to a relationship with their favourite brands.
- Customers can view and control personal data held on the website.
KYC and AML
Statement of anti money laundering policy
It is Lolly Global Limited’s policy to ensure that our company, its senior management and all of our company’s employees are committed to complying with all legislation and appropriate guidelines designed to combat money laundering activity, the funding of terrorism or criminal activity in the jurisdiction in which we operate.
For any queries relating to Know Your Customer (KYC), Anti Money Laundering (AML) and Counter Terrorism Financing (CTF) compliance, please e-mail us on firstname.lastname@example.org. For other ways to get in touch, please see our website at www.lolly.life.
- Take reasonable steps to establish the identity of any person or company for whom it is proposed to provide any services where applicable
- Retain identification and transactional documentation as required by the legislation in the jurisdiction in which we operate
- Provide initial and on-going training to ensure all relevant staff are aware of their personal responsibilities and the anti-money laundering procedures in respect of identifying clients, monitoring, record-keeping, remaining vigilant at all time and reporting suspicious transactions
- Develop and maintain all necessary or advisable AML/CFT policies and procedures in line with evolving obligations from enforcement agencies
- Report to the relevant authority where there are reasonable grounds to suspect that a money laundering offence has been committed
- We will at all times ensure the protection of our staff, and safeguard our organisation and reputation against the threat of money laundering and the funding of terrorist and criminal activities.
Lolly Global Limited will do all it can to prevent the company and its staff being exposed to money laundering, identify the potential areas where it may occur, and to comply with all requirements, especially with regard to the reporting of actual or suspected cases.
Lolly Global Limited is committed to the prevention, detection and reporting of money laundering. All employees must be vigilant for the signs of money laundering. Any employee who suspects money-laundering activity must report this promptly to our Money Laundering Reporting Officer.
What is money laundering?
Money laundering can be defined as the process to move illegally acquired cash through financial systems so that it appears to be from a legitimate source.
There are two secondary offences: failure to disclose money laundering, and “tipping off”, whereby somebody informs a person or persons who are, or who are suspected of being involved in money laundering, in such a way as to reduce the likelihood of their being investigated or prejudicing an investigation.
Any member of staff could potentially be caught by the money laundering provisions if they suspect money laundering and either become involved with it in some way, and/or do nothing about it. Our policies and procedures set out how any concerns should be raised.
It is important that all employees are familiar with their responsibilities as serious criminal sanctions may be imposed for breaches of the legislation. The key requirement of employees is to promptly report any suspected money laundering activity to the Money Laundering Reporting Officer.
This document was last updated on 13 March 2020