Anti-Money Laundering (AML) Policy - Abcm Academy

  1. Introduction

Abcm Academy, a subsidiary of Abcm Business Technology Limited, is committed to maintaining the highest standards of integrity, transparency, and compliance with applicable laws and regulations. This Anti-Money Laundering (AML) Policy outlines our commitment to preventing and detecting any attempts to use our platform for money laundering or other illegal activities.

  1. Purpose

The purpose of this policy is to establish and communicate the measures and procedures Abcm Academy has in place to prevent and detect activities related to money laundering, terrorism financing, and other financial crimes. This policy applies to all users, customers, and stakeholders engaging with our platform.

  1. Customer Due Diligence (CDD)

Abcm Academy conducts thorough Customer Due Diligence to verify the identity of users engaging in financial transactions on our platform. This may include collecting and validating personal information, such as name, address, and identification documents. We reserve the right to request additional information to ensure compliance with AML regulations.

  1. Monitoring and Reporting

We continuously monitor transactions on our platform for unusual or suspicious activity. Abcm Academy has implemented automated systems to detect patterns and trends that may indicate potential money laundering or illegal activities. Any suspicious transactions or behavior will be promptly reported to the appropriate regulatory authorities.

  1. Record Keeping

Abcm Academy maintains accurate and up-to-date records of all customer transactions, including customer identification information and transaction history. These records will be retained for the period required by applicable laws and regulations.

  1. Training and Awareness

All employees of Abcm Academy receive regular training on AML policies and procedures to ensure a thorough understanding of their role in preventing and detecting money laundering activities. This includes staying informed about relevant laws, regulations, and industry best practices.

  1. Compliance with Laws and Regulations

Abcm Academy is committed to complying with all applicable AML laws and regulations in the jurisdictions where we operate. We actively engage with regulatory authorities and cooperate in investigations related to AML compliance.

  1. Reporting of Violations

Users, employees, or any other stakeholders who become aware of potential AML violations are encouraged to report such incidents promptly. Abcm Academy will investigate and take appropriate action, including reporting to regulatory authorities if necessary.

  1. Review and Updates

This AML Policy will be regularly reviewed and updated to ensure its effectiveness and compliance with evolving laws and industry standards.