AML POLICY

The Company’s Anti-Money Laundering & Counter Terrorism Financing Policy (AML/CTF Policy) outlines measures and processes in place for detecting, preventing and reporting attempts to use its platform to illegally launder money, to finance illegal activities such as terrorism and drug trafficking, or to commit fraud.

AML/CTF POLICY

  • The Company’s AML/CTF Policy covers the following:

    • Customer Verification and Ongoing Due Diligence: Adequate procedures and controls are in place to verify client information. The type of information collected and verified depends on the type of service the Client is offered. The Company performs Enhanced Due Diligence (EDD) by verifying and re-verifying Clients deemed high risk.
    • Transaction Monitoring & Reporting: The Company analyzes and monitors suspicious transactions and reports them to the appropriate Financial Intelligence Units.
    • Record keeping: The Company retains Client identification details and information as part of its AML/CTF obligations.
    • Sanctions: The Company screens Clients against the sanction lists of all the jurisdictions it operates in.
    • Employee Training: The Company provides training to its employees about its money laundering and terrorist financing risk and its AML/CTF procedures on an ongoing basis. As part of employee due diligence procedures, background checks are conducted on all employees.