Scandinavian Invest Ltd. is maintaining its anti money laundering program in order to prevent laundering of funds and financing of any type of terroristic activity. The purpose is to prevent and combat money laundering and any type of similar criminal activity. The following policies and procedures is followed and maintained by the company:
General AML recognition
Scandinavian Invest Ltd. understands and recognizes the importance of anti money laundering procedures. Relevant international and domestic laws is complied with as well as appropriate routines for maintaining the AML procedures at all times. The company is keeping the proper policies and procedures implemented throughout its entire organization. All employees have the same measures and options for discovering money laundering or any other criminal act related to money movements.
Know your customer (KYC) procedures
Scandinavian Invest Ltd. has implemented and is continuously maintaining its measurements for know your customer – KYC – procedures. Customer and client identification is restricted due to the company’s due diligence requirements, which is lined out for all risk levels. Know your customer regulations and policies are implemented throughout the entire organization giving all employees the immediate and appropriate measures for identifying clients.
Third party funds and custodian services
Scandinavian Invest Ltd. is performing management of third party funds and custodian services. All transactions are made due to the following regulations:
- Transactions made as cash payment is not accepted.
- Transactions made from third party bank accounts are not accepted.
Suspicious Transactions
Scandinavian Invest Ltd. is maintaining the proper measurements and tools for discovering suspicious bank transactions. All suspicious transactions, or attempts in making such, are immediately reported to the relevant authorities. All employees and managers throughout the entire organization of the company is trained for anti money laundering procedures and methods. |
