Anti-Money Laundering

Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) Policy

At www.SlootZz.com, our Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) policy is designed to comply with relevant legal and regulatory requirements, particularly those in Curaçao and the European Union.

To maintain high standards of AML/CTF compliance, www.SlootZz.com has implemented the following policies and procedures:

• Client Identification and Verification: Ensuring the identity of clients is accurately verified.
• Ultimate Beneficial Owner Identification and Verification: Identifying and verifying the ultimate beneficial owners of accounts.
• Risk Identification: Assessing and identifying AML/CTF risks associated with clients.
• Policy Implementation: Effectively implementing AML/CTF policies to ensure compliance with applicable laws and regulations.
• Enhanced Due Diligence: Applying heightened scrutiny to high-risk clients.
• Politically Exposed Persons (PEPs) Identification: Identifying clients who qualify as PEPs.
• Monitoring and Reporting: Establishing internal procedures to monitor and report suspicious client activities.
• Sanctions Screening: Screening clients against global terrorist lists, sanction lists, and other relevant lists.
• Staff Training: Providing specialized training to staff to raise awareness of AML/CTF issues.
• Record Maintenance: Keeping records of client identification documents and transaction data electronically for a minimum of 10 years.
• Regulatory Management: Managing regulatory inquiries and incidents effectively.
• Compliance Coordination: Ensuring day-to-day compliance through responsible compliance staff.

All management, employees, and agents of www.SlootZz.com are trained to handle AML-related matters and respond to transactions that may suggest money laundering or terrorist financing.

Risk-Based Approach (RBA)

www.SlootZz.com adopts a Risk-Based Approach (RBA) for assessing AML/CTF risks. The main guidelines include:

• Client Checks: Verifying that the client’s identity does not match known criminals, banned entities, or terrorists before conducting any transaction.
• Data Collection: Obtaining relevant data from clients before executing transactions.
• Risk Assessment: Evaluating clients based on their background, country of origin, source of funds, and transaction volume.
• Enhanced Due Diligence: Applying enhanced due diligence for high-risk clients and transactions with unclear fund origins or high value.

Policy on Politically Exposed Persons (PEPs)

www.SlootZz.com has specific procedures for dealing with Politically Exposed Persons (PEPs). We reserve the right to conduct PEP checks at our discretion and may terminate accounts and return existing deposits if necessary.

For further details or concerns regarding our AML/CFT policies, please contact our customer support team.