Anti-Money Laundering (AML) Policy

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Anti-Money Laundering (AML) Policy

Introduction

This Anti-Money Laundering (AML) Policy outlines the measures taken by Trade TRC ("the Company") to prevent and mitigate the risks associated with money laundering, terrorist financing, and other illicit financial activities. The Company is committed to complying with international and local AML regulations to ensure the integrity of the financial system.

Regulatory Compliance

The Company adheres to the AML laws and regulations set forth by the Financial Services Regulatory Authority (FSRA). All employees, partners, and clients must comply with these regulations.

Customer Due Diligence (CDD)

Know Your Customer (KYC): The Company performs KYC checks to verify customer identity before establishing a business relationship. Required documents include a government-issued ID, proof of address, and additional information based on risk assessment.

Enhanced Due Diligence (EDD): For high-risk clients, additional documentation and monitoring measures are required to ensure legitimacy.

Ongoing Monitoring: Transactions are continuously monitored to detect suspicious activity, including unusual trading patterns or high-volume transactions.

Risk Assessment

The Company implements a risk-based approach to identify, assess, and mitigate money laundering risks. Factors such as customer profile, transaction nature, and geographic location are analyzed to determine risk levels.

Reporting and Record-Keeping

Suspicious Activity Reporting (SAR): Any transactions or behaviors that appear suspicious must be reported to the designated AML Compliance Officer.

Record Retention: The Company maintains records of transactions, customer identifications, and AML reports for a minimum of [2] years in compliance with regulations.

AML Training and Awareness

All employees receive periodic training on AML regulations, red flags, and reporting procedures to enhance vigilance against money laundering activities.

Prohibited Activities

The Company strictly prohibits transactions involving:

Anonymous accounts**
Shell companies with unclear ownership
Individuals or entities on sanctions lists
Transactions from or to high-risk jurisdictions

AML Compliance Officer

The Company appoints an AML Compliance Officer responsible for implementing and overseeing AML measures, reporting suspicious activities, and ensuring compliance with legal requirements.

Consequences of Non-Compliance

Failure to comply with AML regulations may result in account suspension, termination, and reporting to relevant authorities. Employees found violating AML policies may face disciplinary action, including termination and legal consequences.

Review and Updates

This policy is reviewed periodically and updated as necessary to align with regulatory changes and emerging financial crime threats.

ConclusionTrade TRC is dedicated to maintaining a transparent and secure trading environment by enforcing a robust AML framework. Clients and employees must comply with this policy to ensure legal and ethical business operations.