(Anti-Money Laundering and Know Your Customer)
We are committed to combating money laundering and maintaining strict KYC procedures.
Each business unit and location within RIFA FX has implemented risk-based procedures designed to prevent, detect, and report suspicious transactions. These procedures aim to ensure compliance with AML regulations and safeguard the integrity of our financial system.
Efforts made to prevent money laundering, including transaction records, reports, and related documents, will be well-documented and retained. Comprehensive record-keeping is vital for regulatory compliance and internal auditing.
Terrorist financing may not involve the proceeds of criminal conduct, but rather an attempt to conceal the origin or intended use of the funds, which will later be used for criminal purposes.
In case of contact by law enforcement or regulatory agencies concerning this AML KYC Policy, all communication shall be directed to the AML Compliance Committee. We will fully cooperate with these agencies to support investigations and prevent money laundering activities.
This section details the reporting process when there's suspicion of money laundering or fraudulent activity, emphasizing the need for immediate written reporting.
When funds are believed to be linked to criminal activity or fraudulent instructions, this section outlines the process for freezing accounts, ensuring compliance with regulatory requirements.
