Anti-Money Laundering Policy Statement & Program …

Anti-Money Laundering Policy Statement & Program procedures Compliance and Supervisory procedures for Batchex, Inc 130 N. 2nd St, Unit 5B. Philadelphia, PA 19106. I. Company Anti-Money Laundering Policy Statement It is the Policy of (Company Name) to prohibit and actively prevent money Laundering and any activity that facilitates money Laundering or the funding of terrorists or criminal activity. money Laundering is generally defined as engaging in acts designed to conceal or disguise the true origin of criminally derived proceeds so that the unlawful proceeds appear to have derived from legitimate origins or constitute legitimate assets. Generally, money Laundering occurs in three stages: Placement: Cash generated from criminal activities is converted into monetary instruments, such as money orders or traveler's checks, or deposited into accounts at financial institutions.

Anti-Money Laundering Policy Statement & Program Procedures Compliance and Supervisory Procedures for Batchex, Inc 130 N. 2nd St, Unit 5B Philadelphia, PA 19106 . Page 2 of 11 I. Company Anti-Money Laundering Policy Statement It is the policy of (Company Name) to prohibit and actively prevent money laundering and any ...

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  Policy, Procedures, Money, Laundering, Money laundering, Money laundering policy

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