Anti-Money Laundering (AML) Policy
1. Introduction
Expert-B LTD, the owner of b-investor.com, is committed to maintaining a robust Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) framework in compliance with the Mwali International Services Authority (MISA), Comoros, and international financial crime prevention standards.
This policy outlines the procedures and controls implemented to detect, prevent, and report money laundering, terrorist financing, and other financial crimes within the Company’s operations.
2. Objectives The primary objectives of this AML policy are to:
4. Customer Due Diligence (CDD) & Risk-Based Approach (RBA)
4.1 Customer Identification & Verification (KYC Process)
Expert-B LTD, through b-investor.com, is committed to maintaining a robust AML/CTF compliance program. By implementing strict KYC, transaction monitoring, and reporting measures, the Company ensures a secure and compliant financial environment in alignment with international AML standards. For further inquiries, please contact the AML Compliance Department.
Expert-B LTD, the owner of b-investor.com, is committed to maintaining a robust Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) framework in compliance with the Mwali International Services Authority (MISA), Comoros, and international financial crime prevention standards.
This policy outlines the procedures and controls implemented to detect, prevent, and report money laundering, terrorist financing, and other financial crimes within the Company’s operations.
2. Objectives The primary objectives of this AML policy are to:
- Prevent financial crime by ensuring our platform is not used for money laundering or terrorist financing.
- Ensure full compliance with international and local AML/CTF regulations.
- Implement a strong Customer Due Diligence (CDD) framework to verify and monitor clients.
- Ensure timely reporting of suspicious activities to the relevant regulatory authorities.
- Foster a culture of AML awareness through employee training and risk management.
- Expert-B LTD adheres to the following AML/CTF regulations and guidelines:
- Financial Action Task Force (FATF) Recommendations
- European Union Anti-Money Laundering Directives (EU AMLD)
- United Nations (UN) Conventions on AML/CTF
- MISA (Comoros) AML & CTF Regulations
- Basel Committee on Banking Supervision (BCBS) Guidelines
4. Customer Due Diligence (CDD) & Risk-Based Approach (RBA)
4.1 Customer Identification & Verification (KYC Process)
- All clients must complete Know Your Customer (KYC) verification before engaging in transactions. This includes:
- Individual Clients: Verification of identity (passport, national ID) and proof of address (utility bill, bank statement).
- Corporate Clients: Verification of business registration documents, ownership structure, and key stakeholders.
- For high-risk clients, additional verification measures are required:
- Source of funds and source of wealth verification.
- Heightened transaction monitoring and ongoing scrutiny.
- Senior management approval before establishing a business relationship.
- Clients identified as Politically Exposed Persons (PEPs) or associated with high-risk jurisdictions are subject to enhanced monitoring.
- Sanctions screening is conducted to prevent dealings with individuals or entities on international blacklists (e.g., OFAC, UN, EU, UK HMT).
- Expert-B LTD employs automated and manual transaction monitoring to detect suspicious activities. This includes:
- Real-time monitoring of transactions to detect unusual patterns.
- Automated flagging of high-risk activities, including large or rapid deposits and withdrawals.
- Regular audits and compliance reviews to assess AML effectiveness.
- If suspicious activities are identified, immediate escalation is required for further investigation.
- Employees are required to:
- Immediately report suspicious transactions to the designated AML Compliance Officer.
- Provide detailed documentation, including client details, transaction history, and suspicious activity indicators.
- The AML Compliance Officer is responsible for:
- Filing Suspicious Activity Reports (SARs) with relevant regulatory bodies.
- Cooperating with law enforcement agencies for AML/CTF investigations.
- Non-compliance with reporting obligations may result in legal penalties and regulatory action.
- All AML-related records, including CDD and transaction data, must be retained for a minimum of five (5) years.
- Data must be readily accessible for regulatory review upon request.
- Secure storage methods are employed to ensure confidentiality and compliance with data protection regulations.
- A structured AML training program ensures that employees:
- Understand money laundering and terrorist financing risks.
- Are trained on identifying and reporting suspicious activities.
- Stay informed on regulatory updates and evolving financial crime tactics.
- Participate in mandatory annual AML training sessions.
- Expert-B LTD conducts regular AML risk assessments to:
- Evaluate and mitigate emerging money laundering risks.
- Assess the effectiveness of existing AML controls and make improvements.
- Ensure compliance with evolving AML/CTF regulations and industry best practices.
- Expert-B LTD appoints a dedicated AML Compliance Officer responsible for:
- Overseeing AML/CTF compliance.
- Reviewing and updating AML policies.
- Conducting internal AML audits and regulatory reporting.
- Acting as the primary liaison with regulatory authorities.
- The AML policy is reviewed and updated annually to reflect regulatory changes.
- Amendments may also be made in response to emerging threats and compliance obligations.
Expert-B LTD, through b-investor.com, is committed to maintaining a robust AML/CTF compliance program. By implementing strict KYC, transaction monitoring, and reporting measures, the Company ensures a secure and compliant financial environment in alignment with international AML standards. For further inquiries, please contact the AML Compliance Department.