WHAT IS AML

The purpose of the anti-money laundering rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.

Parenta Financial Services LimitedANTI-MONEY LAUNDERING DECLARATION

Parenta Financial Services Limitedtakes money laundering prevention exceptionally seriously and has summarised its objectives in an Anti-Money Laundering Declaration signed by the management Board, which is binding for all organisational units and staff of the company.

Parenta Financial Services Limitedsupports and shares the idea of fighting against money laundering and crime in international payment transactions. The company therefore wants to make a significant contribution to combatting money laundering by consistently complying with and further developing its prevention measures, proactively cooperating with the authorities and legislators to strengthen the regulatory framework and intensifying cooperation with specialised authorities and organisations.

HOW AML PRACTICES IMPACT Parenta Financial Services LimitedCLIENTS

AML includes a set of rules that prescribe what we must do to complete 'customer due diligence' (CDD). This includes collecting specific information from you, holding proof of ID and verification of your physical address.

COMPLIANCE SYSTEM

Parenta Financial Services Limitedprepared a compliance system to achieve the necessary legal requirements.

That includes appointing compliance officers and putting policies and regular reviews for execution, influence and set training for professional compliance by the staff.