M.I.D. House of diamonds.”
Anti – Money Laundering & Anti – Terrorism Financing
Company Policy
" M.I.D. House of diamonds.” company policy is complying with Anti-money laundering and Anti – Terrorism Financing. As such the company will actively prevent and take measures to guard against being used as a medium for money laundering and terrorism financing activities and any other activities related to money laundering or funding of criminal activities. The firm designates “ M.I.D. House of Diamonds. “ as its Money Laundering Reporting Officer (MLRO), with full responsibility for the firm's AML policies and procedures. The duties of the MLRO include the following: • To be familiar with the principles of anti – money laundering as outlined in the AML. • To ensure compliance with the AML. • To assist the management in complying with all relevant AML regulations. • To monitor adherence to money laundering deterrence procedures and controls. • To assemble and distribute information and policies/procedural matters regarding compliance with the AML. • To ensure that staff are aware of the principal's objectives of the AML policy. • To ensure that staff are familiar with the monitoring, detection, and reporting procedures. • To ensure that staff education and training programmers on AML are in place. • To act as the contact point representing the reporting institution in dealings with the local regulators. • To act as a central point for the receipt and validation of suspicious reports. • To investigate any suspicious transactions and advise staff on the next course of action. • To ensure proper suspicious transactions reports are filed. • To monitor changes to business practices to ensure that money laundering deterrence procedures are adequate. • To ensure records in relation to AML matters are properly kept.
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