Jim Selley

IMPORTANT MESSAGE TO ADVISERS ABOUT RUSSIA AND INCREASED MONEY LAUNDERING REQUIREMENTS

We have all watched the tragedy evolve in Ukraine with great sadness and anxiety. It is therefore essential that we remain vigilant to ensure we are not a party to any financial crime that aids the conflict. The FCA has recently published the below announcing the new financial sanctions against Russia. It is your regulatory responsibility to ensure you are strictly following the guidance.

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With effect from 8th March Molo is enhancing its criteria as follows Molo Maximum customer exposure has been increased Current Policy Maximum 3 loans per customer to a maximum aggregate exposure £3,000,000 New Policy Maximum 10 loans per customer to a maximum aggregate exposure £3,000,000

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Keystone Product Withdrawals

We will be withdrawing our current 2 and 5 year and Holiday Lets product offerings at 11:59pm on the 15th March and will be launching new rates to these product ranges on the 16th March. To access our current products, all FMAs must be fully submitted by 23:59pm on the 15th March.

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