AML Policy
Introduction
TV 10 Gano Mazima, is committed to preventing money laundering and combating the financing of terrorism. This AML policy outlines our measures to prevent, detect, and report suspicious activities.
Scope
This policy applies to all vendors, users, and transactions on our platform.
Definitions
Money Laundering: The process of concealing the source of illicit funds to make them appear legitimate.
Terrorist Financing: The provision of financial support to terrorist organizations.
Suspicious Activity: Transactions or patterns of transactions that suggest money laundering or terrorist financing.
Customer Due Diligence
Verify user identities and vendor profiles
Monitor transactions for suspicious activity
Report suspicious activity to the relevant authorities
Transaction Monitoring
Monitor transactions in real-time
Investigate flagged transactions
Reporting
Report suspicious activity
Provide requested information to regulatory bodies
Record Keeping
Maintain records of transactions and user/vendor information
Store records
Training
Provide regular AML training to staff
Ensure staff understand this policy and related regulations
Compliance
Regularly review and update this policy
Ensure all vendors and users comply with this policy
Enforcement
Suspend or terminate accounts that violate this policy
Cooperate with regulatory bodies in investigations and enforcement actions
By implementing this AML policy, we aim to prevent money laundering and terrorist financing on our platform.