1. Introduction

At Stacklab Ltd, we are committed to upholding the highest standards of integrity and regulatory compliance. Our Anti-Money Laundering (AML) policy is crafted to thwart and identify activities linked to money laundering, terrorist financing, and other illicit financial activities. This policy delineates our strategy for adhering to pertinent laws and regulations globally.

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1. Compliance Framework

   • Legal and Regulatory Adherence: Stacklab Ltd operates in strict accordance with all applicable laws, regulations, and directives concerning AML and Counter-Terrorist Financing (CTF) in every jurisdiction we operate in.

   • Risk-Oriented Strategy: We employ a risk-based approach to evaluate and mitigate money laundering and terrorist financing risks. This entails identifying and addressing risks associated with our business operations, clientele, products, and geographical areas.

   • Internal Oversight: A Compliance Officer is appointed to oversee AML compliance and ensure conformity with relevant laws and regulations.

   • Employee Training: All staff members undergo regular training on AML policies and procedures to enhance awareness and enable them to identify and report suspicious activities effectively.

2. Customer Due Diligence (CDD)

   • Know Your Customer (KYC): Thorough due diligence is conducted on all customers to verify their identities and evaluate the risk associated with their activities.

   • Customer Identification: Customers are mandated to furnish valid identification documents and other requisite information as part of the KYC process.

   • Enhanced Due Diligence (EDD): Enhanced due diligence is conducted on customers categorized as higher risk, such as politically exposed persons (PEPs) or those involved in high-value transactions.

   • Continuous Monitoring: Customer transactions and account activity are continually monitored for any signs of suspicious behavior.

3. Transaction Monitoring and Reporting

   • Transaction Monitoring: Advanced monitoring tools and technologies are employed to detect and analyze potentially suspicious transactions in real-time.

   • Reporting Suspicious Activity: Any identified suspicious activity is promptly reported to the relevant authorities in compliance with applicable laws and regulations.

4. Record Keeping

   • Documentation: Accurate and up-to-date records of customer information, transactions, and due diligence activities are maintained for the required regulatory periods.

   • Data Security: Customer data is securely stored and managed in compliance with applicable data protection laws and regulations.

5. Compliance Review and Updates

   • Regular Reviews: Periodic reviews of our AML policies, procedures, and controls are conducted to ensure their ongoing effectiveness and relevance.

   • Adapting to Regulatory Changes: We stay abreast of changes in AML laws and regulations globally and update our policies and procedures accordingly to maintain compliance.

 

Conclusion

At Stacklab Ltd, we are unwavering in our commitment to fostering a culture of compliance and integrity. Our AML policy underscores our dedication to thwarting financial crime and safeguarding the interests of our customers, stakeholders, and the wider community. We continuously enhance our AML program to address evolving threats and regulatory requirements.