SCOPE

• This policy applies to all employees, contractors, agents, and representatives acting on behalf of the Company (“Covered Parties”). It covers all business activities, both domestic and international.

LEGAL COMPLIANCE

• The Company is committed to complying with all relevant anti-money laundering laws and regulations in the jurisdictions where it and its clients operate, including but not limited to the following countries:
  1. Cameroon (CM)
  2. Canada (CA)

RISK ASSESSMENT

• The Company will establish and maintain risk-based procedures for conducting customer due diligence, including verifying customer identity, understanding the nature of their business, and monitoring transactions for unusual or suspicious activities.

CUSTOMER DUE DILIGENCE

• The Company will establish and maintain risk-based procedures for conducting customer due diligence, including verifying customer identity, understanding the nature of their business, and monitoring transactions for unusual or suspicious activities.

REPORTING SUSPICIOUS ACTIVITIES

• Covered Parties must promptly report any suspicion of money laundering or terrorist financing to the designated compliance officer or through established reporting channels. The Company encourages reporting without fear of retaliation.

RECORD KEEPING

• The Company will maintain accurate and up-to-date records of customer information, transactions, and results of due diligence efforts in accordance with applicable laws and regulations.

TRAINING AND AWARENESS

• The Company is committed to providing regular training to Covered Parties on anti-money laundering policies, procedures, and the importance of vigilance in detecting and preventing money laundering and terrorist financing activities.

MONITORING AND REPORTING

• The Company will implement monitoring mechanisms to detect and report suspicious activities. Reports will be filed with the appropriate authorities as required by law. The Company will fully cooperate with law enforcement and regulatory bodies.

THIRD-PARTY RELATIONSHIPS

• The Company will exercise due diligence with third parties such as suppliers, partners, and agents to ensure they adhere to anti-money laundering standards. Engaging in business relationships with parties involved in money laundering is strictly prohibited.

CONSEQUENCES OF VIOLATIONS

• Violations of this AML policy will result in disciplinary action, including termination of employment, legal action, and potential civil or criminal penalties. The severity of the consequences will depend on the nature and extent of the violation.

REVIEW AND UPDATE

• This policy will be periodically reviewed to ensure its effectiveness and relevance. Amendments may be made to reflect changes in applicable laws or business practices.

PROCESS RESPONSIBILITIES

• The responsibilities for preparing, reviewing, issuing, filing, and updating this policy and related processes fall under the obligation of the Director of Operations or a duly appointed representative. The monitoring, measurement, and continuous improvement of this process are the responsibility of the Compliance Officer or a duly appointed representative.