Compliance

Oi Brasil Finance Ltd recognizes the importance of having comprehensive compliance procedures in place to detect illicit criminals using our system. We are deeply committed to fighting money laundering and terrorism and In order to fulfill this commitment, we at Oi Brasil Finance Ltd have adopted the following measures.

We train our staff on a regular basis on understanding and applying anti-money laundering laws and regulations. This training ensures that our staff team as well as our agents are fully aware of existing regulatory requirements and to adopt best practice of anti-money laundering and terrorist financing guidelines. We have also developed an anti-money laundering manual that provides strict guidelines for our employees and independent agents in the detection of potential money laundering and or any other activities that maybe considered suspicious activities. We are currently implementing a Risk Based Approach in fighting money laundering and terrorism finance.

Secondly, we subject our operations to independent compliance, audit, risk management and legal functions to evaluate our compliance with applicable anti-money laundering laws, rules and regulations. We are continuously striving to enhance our anti-money laundering policies and procedures to meet or exceed applicable laws and regulations; and match international standards.

 

  • Imperial Foreign Exchange is registered and regulated by FCA and HM Revenue & Customs for MLR (Money Laundering Regulations) and as we are registered we undertake CDD (Customer Due Diligence) and where appropriate EDD (Enhanced Due Diligence). This means we make sure that we do checks on the people that we are doing business with and we do risk assessment for the businesses that we conduct with and activities and we use a RBA (Risk Based Approach) to monitor our customer’s activity and report all suspicious activity to NCA (National Crime Agency). At all times we make sure that we meet all the requirements of MLR 2007, 2008 and 2009.

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