Anti Money Laundering Policy Template

This anti money laundering policy template has 2 pages and is a MS Word file type listed under our human resources documents.

Sample of our anti money laundering policy template:

ANTI MONEY LAUNDERING POLICY POLICY STATEMENT [COMPANY NAME] is committed to complying with all applicable laws and regulations related to anti-money laundering (AML) and combating the financing of terrorism (CFT). We are committed to preventing our business from being used for money laundering and terrorism financing activities and will take all necessary steps to ensure that our operations are conducted in a transparent and ethical manner. RISK ASSESSMENT [COMPANY NAME] has conducted a risk assessment to identify the potential money laundering and terrorism financing risks that we face. Based on this assessment, we have implemented controls and procedures to mitigate these risks. CUSTOMER DUE DILIGENCE We have implemented customer due diligence (CDD) procedures to identify and verify the identity of our customers. Our CDD procedures include: Obtaining and verifying the customer's identity, including their name, address, and date of birth Conducting ongoing monitoring of customer activity to ensure that it is consistent with their expected behavior Identifying the beneficial owner of a customer, where applicable Obtaining additional information or documentation as necessary to verify a customer's identity SUSPICIOUS ACTIVITY MONITORING AND REPORTING We have implemented systems to monitor customer activity for suspicious activity, including transactions that are inconsistent with a customer's known business or financial profile. If suspicious activity is identified, we will promptly report it to the appropriate regulatory authorities. STAFF TRAINING