Our commitment to compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations
OMCRM is committed to comply with all relevant AML and funding of terrorism regulations. This policy has been derived from general principles, laws, regulations and directives for combating money laundering.
We believe that compliance with AML and CFT regulations is essential for the integrity of financial systems and prevention of our company from being used, intentionally or unintentionally, by criminal elements.
Money laundering includes all forms of handling or possessing criminal property, including possessing the proceeds of one's own crime, and facilitating any handling or transfer of criminal property for another person; including proceeds derived from fraud, bribery or corruption.
Physical cash placement (e.g. in a bank account)
Multiple transactions that confuse the audit trail
Laundered proceeds appear as legitimate business funds
Ongoing monitoring is an essential aspect of effective KYC procedures. We maintain systems to detect unusual or suspicious patterns of activity.
Customer information is retained for five years following transaction completion or end of business relationship.
Information is protected using latest technology and treated confidentially in accordance with applicable law.
We conduct extensive due diligence on employees and provide regular training on KYC procedures.
Regular audits are carried out by reputable firms to ensure compliance with current regulations.
Should you have any questions or queries regarding this policy, please contact us.