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Anti-Money Laundering &Compliance Statement

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Last Updated: November 2025
Applies to: VLAI (Virtual Loan Advisors Intel)

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1. Purpose of This Statement

This Anti-Money Laundering (AML) & Compliance Statement explains VLAI’s commitment to maintaining ethical standards while clarifying that VLAI is not a financial institution and does not conduct AML, KYC, or due diligence checks.

This statement protects users and ensures transparency in how our service operates.

 

2. VLAI Is Not a Financial Institution

VLAI (“we”, “our”, “us”) is an educational and informational platform.

We:

  • Do not perform AML checks

  • Do not conduct Know-Your-Customer (KYC) verification

  • Do not verify identities or documents

  • Do not process or approve loans

  • Do not collect sensitive financial documents

AML and KYC procedures occur only with the bank or credit union selected by the user.

 

3. Purpose of Information Collected by VLAI

We collect basic financial and demographic information to generate:

  • Loan prequalification estimates

  • Debt ratio calculations

  • Affordability assessments

  • Banking recommendations

This data is not used for:

  • AML assessments

  • Identity verification

  • Due diligence checks

  • Credit bureau reporting

 

4. Responsibility of AML/KYC Compliance

All AML, KYC, and regulatory requirements are the responsibility of:

  • The financial institution

  • The lending officer

  • Their compliance department

These checks may include:

  • Proof of identity

  • Proof of address

  • Source of funds

  • Tax compliance information

  • Employment verification

  • Credit reports

  • Non-resident documentation

VLAI plays no role in these processes.

 

5. Compliance With Local and Regional Regulations

VLAI operates as an informational platform within the Caribbean and aligns its practices with:

  • ECCB (Eastern Caribbean Central Bank) standards

  • Local financial regulations

  • Data privacy best practices

  • Ethical use of information

However, we are not regulated as a financial or lending institution.

 

6. Suspicious Activity Reporting

Since VLAI does not process transactions or verify identity, we:

  • Do not detect suspicious financial behavior

  • Do not file Suspicious Activity Reports (SARs)

  • Do not participate in regulatory reporting obligations

These responsibilities rest fully with the bank or credit union.

7. User Responsibility

Users must provide truthful and accurate information when interacting with VLAI.
Providing false information may affect:

  • Prequalification estimates

  • The accuracy of affordability assessments

  • Eligibility when submitting a loan application to a lender

 

8. Non-Resident Loan Requirements

For non-resident users, VLAI provides general industry-standard documentation guidance, including:

  • Proof of overseas income

  • Foreign bank statements

  • Valid passport

  • Overseas credit checks

  • Source of funds declaration

However:

  • Requirements vary by lender

  • VLAI does not collect or store these documents

  • Users must submit documents directly to the financial institution

 

9. Updates to This Statement

We may update this AML & Compliance Statement periodically.
All updates will be reflected in the “Last Updated” date.

 

10. Contact Information

For questions regarding compliance practices:
📧 info@virtualloanadvisorsintel.com

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