Anti Money Laundering (Aml) & Countering Financing Of Terrorism (Cft) Policy - Haratan Servicing Pte Ltd
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Anti Money Laundering (Aml) &
Countering Financing Of Terrorism (Cft) Policy

Haratan Servicing Pte Ltd (Haratan) gives special attention on Anti-Money Laundering and Countering Financing of Terrorism. Haratan has set a comprehensive AML & CFT policy and procedures, which has been approved by Haratan Management and implemented. These policy and procedures comply with MAS Notice 3001 on Prevention of Money Laundering and Countering the Financing of Terrorism Regulations and Notices.

This policy statement is a brief description of general principles to which Haratan will adhere, as follows:

 

  1. Comply with applicable anti-money laundering and countering the financing of terrorism laws and regulations as established by MAS in each jurisdiction that is in accordance with the recommendation of the Financial Action Task Force (FATF) on Money Laundering and Terrorist Financing.
  2. Maintain a written AML and CFT policy on procedures, and apply to all customer and business units
  3. Obtain all account opening documentation requirements as per laws.
  4. Obtain necessary documents while conducting transaction for Non-Account Holders
  5. Enhanced due diligence for high-risk customers.
  6. Haratan does not conduct business with shell bank and agent. In addition to this, Haratan does not offer servicers of opening anonymous accounts.
  7. Retaining all customer related documents for a period specified as per local law in each jurisdiction.
  8. Report all identified suspicious activities to the extent that it can do so under all applicable foreign and domestic law.
  9. Cooperate fully with law enforcement and regulatory agencies to the extent that it can do so under all applicable foreign and domestic law.
  10. Staffs are train in AML & CFT policies and new AML & CFT law and regulations.
  11. Maintain a system of internal controls to ensure ongoing AML & CFT compliance by a designated person(s) and take appropriate action, once suspicious activity is detected; a proper and thorough process for filling Suspitions Transaction Report is followed as per the requirements of MAS, CAD and applicable law.
  12. Compliance with Haratan’s AML and CFT policies monitored through a combination of internal audit, external audit and regulatory reviews of compliance with relevant anti-money laundering legislation and/or regulations.
  13. For more information on AML and CFT laws and regulations, please visit:

 

Should you have any further questions about data protection, AML&CFT Policy, Service Policy and feedback with Haratan please don’t hesitate to get in touch with us at info@haratan.com.sg and we will do our best to alleviate any of your concerns

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