AML – Anti Money Laundering Policy
ENIFME Limited acknowledges and adheres to all current legislation with regards to compliance regimes (Anti Money Laundering and Countering Financing of Terrorism) which are applicable to all Financial Institutions.
BENIFME Limited ’s compliance department is fully trained in the area of anti-Money Laundering and Countering Financing of Terrorism having the responsibility of training and monitoring all staff on a regular basis to adhere to the ongoing changes in the legislation, making sure all staff is kept up to date with all new rules and regulations.
The compliance department also monitors and applies CDD (Customer Due diligence) and EDD (Enhanced Due Diligence) to all its transactions according to the AML/CFT regulations.
For further details on our AML Policies & Procedures contact BENIFME Limited.
Money laundering involves transforming money from crime (“dirty money”) into money that (a) has the appearance of coming from a legitimate source, and (b) makes the criminal origin of the money difficult to trace (“clean money”). Effective money laundering enables criminals to remove themselves from their criminal activities, making it harder to prosecute them, and confiscate their proceeds. Laundering money also enables criminals to enjoy the benefits of their crimes including investing their profits in future criminal activity.
At BENIFME Limited we are committed to the prevention of such activities. All suspicious behaviour will be reported to the relevant authorities in order for action to be taken against such suspicions. BENIFME Limited has a zero-tolerance policy in these matters and will assist the authorities in any way we can.
BENIFME Limited is committed to implementing all regulations related to The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615 (AMLO).
BENIFME Limited ’s compliance department is fully trained in the area of anti-Money Laundering and Countering Financing of Terrorism having the responsibility of training and monitoring all staff on a regular basis to adhere to the ongoing changes in the legislation, making sure all staff is kept up to date with all new rules and regulations.
The compliance department also monitors and applies CDD (Customer Due diligence) and EDD (Enhanced Due Diligence) to all its transactions according to the AML/CFT regulations.
For further details on our AML Policies & Procedures contact BENIFME Limited.
Money laundering involves transforming money from crime (“dirty money”) into money that (a) has the appearance of coming from a legitimate source, and (b) makes the criminal origin of the money difficult to trace (“clean money”). Effective money laundering enables criminals to remove themselves from their criminal activities, making it harder to prosecute them, and confiscate their proceeds. Laundering money also enables criminals to enjoy the benefits of their crimes including investing their profits in future criminal activity.
At BENIFME Limited we are committed to the prevention of such activities. All suspicious behaviour will be reported to the relevant authorities in order for action to be taken against such suspicions. BENIFME Limited has a zero-tolerance policy in these matters and will assist the authorities in any way we can.
BENIFME Limited is committed to implementing all regulations related to The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615 (AMLO).
Risk disclosure
Any investment in financial instruments entails substantial risks, the degree of which depends on the nature of each investment, and may not be suitable for all investors. The value of any investment may increase or decrease in value and investors may lose all their invested capital. In case of leveraged financial products, losses may even be more than the initial invested capital. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience, risk tolerance and, if necessary, seek advice from an independent financial advisor.
The primary legislation governing AML in Hong Kong is as follows:
a) Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance – 2012 (amended 2015) (“AMLO”); b) Drug Trafficking (Recovery of Proceeds) Ordinance - 1989 (amended 2005) (“DTROP”);
c) Organised and Serious Crimes Ordinance - 1994 (amended 2012) (“OSCO”);
d) United Nations (Anti-Terrorism Measures) Ordinance - 2002 (amended 2012) (“UNATMO”); and
e) United Nations Sanctions Ordinance – 1997 (“UNSO”).
Any investment in financial instruments entails substantial risks, the degree of which depends on the nature of each investment, and may not be suitable for all investors. The value of any investment may increase or decrease in value and investors may lose all their invested capital. In case of leveraged financial products, losses may even be more than the initial invested capital. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience, risk tolerance and, if necessary, seek advice from an independent financial advisor.
The primary legislation governing AML in Hong Kong is as follows:
a) Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance – 2012 (amended 2015) (“AMLO”); b) Drug Trafficking (Recovery of Proceeds) Ordinance - 1989 (amended 2005) (“DTROP”);
c) Organised and Serious Crimes Ordinance - 1994 (amended 2012) (“OSCO”);
d) United Nations (Anti-Terrorism Measures) Ordinance - 2002 (amended 2012) (“UNATMO”); and
e) United Nations Sanctions Ordinance – 1997 (“UNSO”).
© 2023 Benifme
Benifme has CRN 3282848.
Tax ID 75354284.
Tax ID 75354284.
info@benifme.com