The AML Policy

The AML Policy for Orangito.pro

Accessible from www.orangito.pro and app.orangito.pro

 

Introduction

 

Orangito.pro is committed to upholding the highest standards of integrity, compliance, and ethics. As part of our commitment to combating money laundering and the financing of terrorism, we have implemented an Anti-Money Laundering (AML) policy. In all cases, we engage third-party partners to assist in processing AML-related activities. This document outlines the responsibilities, expectations, and guidelines for our third-party partners in implementing our AML policy.

 

Compliance Obligations

 

  • Third-party partners must comply with all applicable local, national, and international laws and regulations related to AML and Counter Financing of Terrorism (CFT). This includes but is not limited to anti-money laundering laws, regulations, and guidelines issued by relevant regulatory bodies.
  • Third-party partners must ensure that their operations, systems, and processes align with the AML regulations and standards set forth by the regulatory authorities.

 

Confidentiality and Data Protection

 

  • Third-party partners must maintain the confidentiality and security of all customer information, transactional data, and other sensitive information obtained during the course of their engagement.
  • Third-party partners must implement robust data protection measures to safeguard customer information from unauthorized access, misuse, or disclosure. This includes encryption, access controls, and regular security audits.

 

Due Diligence

 

  • Third-party partners must conduct thorough due diligence on their own employees, agents, and subcontractors to ensure they are of good character and do not pose any AML-related risks.
  • Third-party partners must establish a robust customer due diligence process to verify the identity of customers, monitor their transactions, and report any suspicious activity to the appropriate authorities.

 

Training and Awareness

 

  • Third-party partners must provide adequate AML training to their employees, agents, and subcontractors who are involved in AML-related activities. The training should cover relevant laws, regulations, red flag indicators, and reporting obligations.
  • Third-party partners must ensure that their employees are aware of their roles and responsibilities in preventing money laundering and terrorist financing and understand the potential consequences of non-compliance.

 

Reporting and record-keeping

 

  • Third-party partners must maintain accurate records of all AML-related activities, including customer due diligence records, transactional data, and reports of suspicious activity. These records should be retained for the required duration as mandated by local regulations.
  • Third-party partners must promptly report any suspicious activity or transactions that raise AML concerns to Orangito.pro in accordance with the agreed-upon reporting channels.

 

Audits and Compliance Reviews

 

  • Third-party partners may be subject to periodic audits or compliance reviews conducted by regulatory authorities to assess their adherence to AML policies and procedures.
  • Third-party partners must cooperate fully with any audit or review, providing all necessary information, records, and access to systems or premises.

 

Termination of Partnership

  • Orangito.pro reserves the right to terminate its partnership with a third-party partner if they are found to be in violation of AML regulations, fail to meet compliance obligations or breach the terms outlined in the partnership agreement.
  • Termination may also occur if the third-party partner fails to address identified deficiencies or rectify non-compliance issues within a reasonable timeframe.

Conclusion

Third-party partners agree to adhere to the provisions outlined in this AML policy. It is the responsibility of both parties to collaborate effectively to prevent money laundering and the financing of terrorism. Any updates or modifications to this policy will be communicated to third-party partners in a timely manner.