INTRODUCTION 

Techland IT Solutions Ltd is committed to preventing and detecting money laundering activities in accordance with applicable laws and regulations. This Anti-Money Laundering (AML) Policy outlines our commitment to maintaining a robust framework to identify, monitor and report suspicious transactions or activities that may be associated with money laundering or terrorist financing. 

 

OBJECTIVES 

The objectives of our AML Policy are as follows: 

1. Compliance: Ensure compliance with all relevant anti-money laundering laws, regulations and guidelines in the jurisdictions where we operate.
2. Risk-Based Approach: Implement a risk-based approach to identify and assess the potential risks of money laundering and terrorist financing within our operations.
3. Due Diligence: Conduct appropriate due diligence measures, including customer identification, verification and ongoing monitoring to mitigate the risk of facilitating money laundering activities.
4. Reporting: Establish procedures for the prompt reporting of suspicious transactions or activities to the relevant authorities, as required by law.
5. Staff Training and Awareness: Provide comprehensive training and ongoing awareness programs to our employees to enhance their understanding of money laundering risks and their responsibilities in combating such activities.
6. Record Keeping: Maintain accurate and up-to-date records of all customer transactions and relevant information in accordance with applicable laws and regulations. 

 

CUSTOMER DUE DILIGENCE (CDD) 

To effectively identify and mitigate money laundering risks, Techland IT Solutions Ltd will adhere to the following CDD measures: 

1. Customer Identification: Obtain satisfactory evidence of the identity of all customers, including individuals, companies or other legal entities, before entering into a business relationship or conducting any transactions.
2. Enhanced Due Diligence (EDD): Apply enhanced due diligence measures for higher-risk customers, such as politically exposed persons (PEPs), customers in high-risk jurisdictions, or those involved in high-value transactions.
3. Ongoing Monitoring: Regularly review and update customer information to ensure accuracy and identify any suspicious activities or changes in risk profiles.

 

REPORTING SUSPICIOUS TRANSACTIONS 

Techland IT Solutions Ltd is committed to promptly reporting any suspicious transactions or activities to the appropriate authorities. Our employees are trained to recognize and escalate any potential red flags or unusual activities that may be indicative of money laundering or terrorist financing. We will maintain appropriate mechanisms and procedures to facilitate the reporting process in compliance with applicable laws and regulations. 

 

STAFF TRAINING AND AWARENESS 

To ensure the effective implementation of our AML Policy, Techland IT Solutions Ltd will provide regular training and awareness programs to our employees. This training will cover topics such as money laundering risks, identification of suspicious transactions, customer due diligence procedures, and reporting obligations. We will also establish internal communication channels to disseminate relevant information and updates regarding AML regulations and best practices. 

 

RECORD KEEPING 

Techland IT Solutions Ltd will maintain accurate and complete records of customer transactions, due diligence documentation, and any suspicious activity reports. These records will be securely stored for the required retention period as stipulated by applicable laws and regulations. 

 

COMPLIANCE MONITORING AND REVIEW 

Our AML Policy will be subject to regular monitoring and review to ensure its effectiveness and compliance with changing regulatory requirements. We will periodically assess our risk assessment methodologies, due diligence procedures and internal controls to mitigate emerging risks effectively. 

 

CONCLUSION 

Techland IT Solutions Ltd is committed to maintaining a strong AML framework to prevent and detect money laundering activities. This policy outlines our commitment to complying with relevant laws, conducting appropriate due diligence, reporting suspicious transactions and ensuring ongoing staff training and awareness. By adhering to these principles, we aim to protect our organization, our clients and the integrity of the financial system from the risks associated with money laundering. 

 

For inquiries or concerns related to our AML Policy, please contact our legal and compliance department at compliance@techland.com.gh.