1. Anti-Money Laundering and Countering Terrorist Financing (AML/CFT)
Digitalexchange.id Anti-Money Laundering (AML) Policy is designed to prevent money laundering, including the need to have adequate systems and controls in place to mitigate the risk of the company being used to facilitate financial crime. This Anti-Money Laundering (AML) Policy sets out the minimum standards that must be met and include: Appointment of a Money Laundering Officer (MLRO) A Money Laundering Officer who has a sufficient level of seniority and independence and who has responsibility for overseeing compliance with relevant industry laws, regulations, rules and guidelines;
· Establish and maintain a Risk Based Approach (RBA) to assess and manage money laundering and terrorist financing risks for the company;
· Establish and maintain risk-based due diligence, identification, verification and know your customer (KYC) procedures, including enhanced due diligence for higher-risk customers, such as Politically Exposed Persons (PEPs);
· Establish and maintain risk-based systems and procedures to monitor ongoing customer activity;
· Procedures for reporting suspicious activity internally and to relevant law enforcement authorities as appropriate;
· Maintenance of appropriate records for the minimum specified period;
· Training and awareness for all relevant employees
2. Counter Financing of Terrorism (CFT)
The Company takes a risk-based approach when adopting and implementing counter-terrorism financing (CFT) measures and in conducting Anti-Money Laundering (AML) risk assessments. The Company adopts CFT internal controls and makes unspecified decisions regarding CFT matters to supersede other business, strategic or operational matters.
3. International Sanctions Policy (ISP)
Our company is prohibited from transacting with individuals, companies and countries listed on the sanctions list.
4. Know Your Customer (KYC) Procedures
Individuals can be identified by their National Identity Card (KTP) or Passport stating their current residential address. digitalexchange.id identifies customers with a photo of themselves, verifies the ID card / passport and then stores customer data securely in accordance with the privacy policy. digitalexchange.id accepts all members except citizens of the United States, Myanmar, Cote D`Ivoire, Cuba, Iran, Syrian Arab Republic, Belarus, Congo, Democratic Republic of Congo, Iraq, Liberia, Sudan, Zimbabwe, and Korea (north).
