AML

Anti-Money Laundering (AML) Policy

Introduction

Apzor("the Company") is dedicated to preventing money laundering and terrorist financing. We are committed to complying with all relevant Anti-Money Laundering (AML) regulations and guidelines. This policy outlines our approach to identifying, mitigating, and managing risks associated with money laundering and ensuring compliance with applicable laws.

Purpose

The purpose of this AML policy is to:

• Ensure adherence to AML laws and regulations.
• Protect the Company from being used for money laundering activities.
• Establish procedures for identifying and reporting suspicious activities.

Customer Due Diligence (CDD)

We conduct thorough customer due diligence (CDD) to verify the identity of our customers and assess the risks associated with their activities. Our CDD measures include:

1. Know Your Customer (KYC): We collect and verify information such as name, address, date of birth, and identification number.
2. Risk-Based Approach: Customers are categorized based on their risk profile, and appropriate levels of due diligence are applied.
3. Ongoing Monitoring: Continuous monitoring of customer transactions to detect and report suspicious activities.

Suspicious Activity Reporting

We are committed to detecting and reporting suspicious activities. Our employees are trained to identify potential money laundering activities and report them promptly. Suspicious transactions are reported to the relevant authorities in accordance with legal requirements.

Record Keeping

We maintain records of customer identification, transactions, and reports of suspicious activities for a minimum of [Number] years. These records are securely stored and readily accessible for review by regulatory authorities.

Employee Training

Our employees undergo regular training on AML laws, regulations, and the Company's AML policies and procedures. Training ensures that our staff is equipped to identify and report suspicious activities effectively.

Independent Audit

We conduct regular independent audits of our AML program to ensure its effectiveness and compliance with legal requirements. Audit findings are reviewed, and necessary changes are implemented to address any deficiencies.

Penalties for Non-Compliance

Non-compliance with AML regulations can result in severe legal and financial penalties for the Company and its employees. We are committed to ensuring that all employees adhere to this AML policy to avoid such consequences.

Contact Information

If you have any questions or concerns regarding our AML policy, please contact our AML Compliance Officer:

Name: Kevin Pillay
Email: support@Apzor.com

Acknowledgement

All employees and stakeholders of the Company are required to acknowledge that they have read, understood, and will comply with this AML policy.

Review and Updates

This AML policy is reviewed annually and updated as necessary to ensure compliance with the latest legal and regulatory requirements.

Conclusion

Apzor is committed to maintaining the highest standards of compliance with AML regulations. Our comprehensive AML policy ensures that we take all necessary steps to prevent, detect, and report money laundering activities. By doing so, we protect our customers, our Company, and the financial system.