Anti-Money Laundering Act

Compliance Framework

We have established a comprehensive AML compliance framework designed to detect, prevent, and mitigate the risks of money laundering and terrorist financing across all our business operations.

Know Your Customer (KYC) Procedures

We implement robust KYC procedures to verify the identities of our customers and counterparties. These procedures include thorough customer due diligence, enhanced due diligence for high-risk customers, and ongoing monitoring of customer transactions.

Transaction Monitoring

We employ sophisticated transaction monitoring systems to detect suspicious activities and unusual patterns indicative of potential money laundering or terrorist financing. Our dedicated compliance team conducts investigations into flagged transactions and reports any suspicious activity to the relevant authorities.

Employee Training and Awareness

We provide regular training and awareness programs to all employees to ensure they understand their obligations under AML laws and regulations. Employees are trained to recognise red flags associated with money laundering and terrorist financing and are encouraged to report any concerns through designated channels.

Risk-Based Approach

We adopt a risk-based approach to AML compliance, tailoring our procedures and controls to mitigate the specific risks posed by different customers, products, and jurisdictions. This includes conducting risk assessments to identify and address potential vulnerabilities in our operations.

Enhanced Due Diligence

We apply enhanced due diligence measures to higher-risk customers, business relationships, and transactions. This may involve additional documentation requirements, ongoing monitoring, and heightened scrutiny of activities.

Compliance Oversight and Review

We maintain strong oversight of our AML compliance program through regular reviews, audits, and assessments conducted by internal and external parties. We continuously evaluate the effectiveness of our controls and procedures to ensure they remain resilient and aligned with regulatory requirements.

Partnerships and Information Sharing

We collaborate with regulatory authorities, law enforcement agencies, and industry partners to exchange information and best practices in combating money laundering and terrorist financing. We actively support efforts to enhance AML regulation and enforcement globally.