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    Legal Anti Money Laundering en

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    anna
    Emergo Wealth has implemented an Anti-Money Laundering policy that complies with Cyprus law and guidance from the Cyprus Securities and Exchange Commission. The policy is binding for Emergo Wealth and affiliated entities. It adheres to the Prevention and Suppression of Money Laundering Activities Law of Cyprus, which criminalizes money laundering and requires financial institutions to implement procedures to identify customers, keep records, and report suspicious transactions. Emergo Wealth strictly follows these requirements by focusing on know-your-customer principles and due diligence. It has appointed a compliance officer and provides ongoing training to employees on anti-money laundering practices.

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    Legal Anti Money Laundering en

    Uploaded by

    anna
    90 views1 page
    Emergo Wealth has implemented an Anti-Money Laundering policy that complies with Cyprus law and guidance from the Cyprus Securities and Exchange Commission. The policy is binding for Emergo Wealth and affiliated entities. It adheres to the Prevention and Suppression of Money Laundering Activities Law of Cyprus, which criminalizes money laundering and requires financial institutions to implement procedures to identify customers, keep records, and report suspicious transactions. Emergo Wealth strictly follows these requirements by focusing on know-your-customer principles and due diligence. It has appointed a compliance officer and provides ongoing training to employees on anti-money laundering practices.

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    Legal Anti Money Laundering En

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    Emergo Wealth has implemented an Anti-Money Laundering policy that complies with Cyprus law and guidance from the Cyprus Securities and Exchange Commission. The policy is binding for Emergo Wealth and affiliated entities. It adheres to the Prevention and Suppression of Money Laundering Activities Law of Cyprus, which criminalizes money laundering and requires financial institutions to implement procedures to identify customers, keep records, and report suspicious transactions. Emergo Wealth strictly follows these requirements by focusing on know-your-customer principles and due diligence. It has appointed a compliance officer and provides ongoing training to employees on anti-money laundering practices.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    90 views1 page

    Legal Anti Money Laundering en

    Uploaded by

    anna
    Emergo Wealth has implemented an Anti-Money Laundering policy that complies with Cyprus law and guidance from the Cyprus Securities and Exchange Commission. The policy is binding for Emergo Wealth and affiliated entities. It adheres to the Prevention and Suppression of Money Laundering Activities Law of Cyprus, which criminalizes money laundering and requires financial institutions to implement procedures to identify customers, keep records, and report suspicious transactions. Emergo Wealth strictly follows these requirements by focusing on know-your-customer principles and due diligence. It has appointed a compliance officer and provides ongoing training to employees on anti-money laundering practices.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    LEGAL

    ANTI-MONEY
    LAUNDERING POLICY
    Emergo Wealth Ltd applies an Anti-Money Laundering (AML) Policy and AML procedures which have been approved
    by its Board of Directors and adheres to the relevant applicable Legislation and the Guidance notes of the Cyprus
    Securities and Exchange Commission (CySEC). The Anti-Money Laundering and Compliance policies are binding
    for Emergo Wealth and all affiliated entities. The Prevention and Suppression of Money Laundering Activities Cyprus
    Law (N. 188(1) 2007) enacted in 2007, unified, revised and replaced the Prevention and Suppression of Money
    Laundering Activities Cyprus Law of 1996-2004, and is also harmonized with the third directive of the European
    Union in relation to the prevention of the use of the financial system for the purpose of money laundering and terrorist
    financing (directive 2005/60/EK). The law defines and criminalises the laundering of proceeds generated from all
    serious offenses and provides for their confiscation. The Law places special responsibilities upon Financial Institutions,
    which are required among others to adhere and implement prescribed procedures for customer identification, record
    keeping and internal reporting, as well as to ensure that all employees are aware of their obligations under the Law
    and receive adequate training designed to assist them in recognizing and reporting suspicious Money Laundering
    transactions.

    Emergo Wealth adheres strictly to these requirements and complies fully with the provisions of the Law. It gives special
    emphasis on the “Know Your Customer” (KYC) principles, and the due diligence concept which form the core part of its
    Anti-Money Laundering policy and has appointed an Anti- Money Laundering Compliance Officer, responsible for the
    implementation, coordination and overseeing of the Bank’s Anti-Money Laundering policy. Suspicious transactions
    are thoroughly checked are reported to the appropriate Combating Unit for Money Laundering of the local authorities
    where appropriate.

    Furthermore Emergo Wealth has an ongoing training program and maintains training records for all employees
    at all levels with special attention to those engaged in activities such as, client account opening and clients’ funds
    deposits. To prevent Money Laundering, Emergo Wealth requests that all of prospective clients provide supporting
    documentation for proof of identity and the origin of their funds. We place great emphasis on verifying the identity of
    our customers and determining that their funds are derived from a legal origin. As part of this policy, clients will be
    required to provide, among others, legal documentation to verify their name, personal details and location.

    If you have any questions regarding our AML Policy, please contact our Compliance Department at
    compliance@emergowealth.net or +357 22 449122. (Mon – Fri, 08:00 – 17:00 Cyprus Time).

    12 Demostheni Severi Avenue 5th Floor 1080 Nicosia Cyprus


    Emergo Wealth © 2014

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