Anti-Money Laundering
A cetral of a business made through a good governance
A good governance doesn’t just make for good business, It is a place for protecting clients & employees. Money laundering and the illicit financing of criminality and terrorism have been identified as major threats by governments around the world. With this, financial crime and tax evasion undermine international financial systems and distort markets.
we at isportstrader maintains an effective and well-established system of internal controls and robust risk management processes, including pre & post-trade fraud detection systems. Our teams ensures we comply with all relevant guidelines & legislations to help us protect the cusotmers & helps to fight against money laundering & financing of terrorism.
Training
As a part of induction process, we make sure that all employees who are responsible will make a mandatory anti – money laundering & compliance training.
Internal Audit
A professional internal team to make audit function that evaluates the effectiveness of internal controls, risk management & governance process.
Self -assessment
self-assessment tools to assess our compliance with our internal controls, risk management processes and applicable regulations. The results are regularly reviewed by Senior Management
Acknowledment
We got employees qualified with certificates and professional memberships from organizations including the Association of Certified Anti- Money Laundering Specialists (ACAMS) and the International Compliance Association
Identification technologies
we use innovative document authentication technology and electronic databases to mitigate the risk of identity fraud, including situations involving stolen identity and the use of counterfeit documents.
No third party transactions
We do not accept any third-party deposits or make third party withdrawals. All deposits are, where possible, returned to source to prevent facilitating the “layering” of fraudulent proceeds.
Acknowledment
We got employees qualified with certificates and professional memberships from organizations including the Association of Certified Anti- Money Laundering Specialists (ACAMS) and the International Compliance Association
Identification technologies
we use innovative document authentication technology and electronic databases to mitigate the risk of identity fraud, including situations involving stolen identity and the use of counterfeit documents.
KYC, SOW & SOF
We do not accept any third party deposits or make third party withdrawls. All deposits are, where possible, returned to source to prevent facilitating the “layering” of fraudulent proceeds.