AML Policy

AML Policy for ALANTEX Corp.

Purpose

The purpose of this Anti-Money Laundering (AML) Policy is to outline the steps that ALANTEX Corp. will take to comply with all applicable laws and regulations related to money laundering prevention.

Scope

This policy applies to all employees and contractors who conduct business on behalf of ALANTEX Corp.

Policy

ALANTEX Corp. is committed to preventing money laundering and terrorist financing. To this end, we have implemented the following measures:

  1. Know Your Customer (KYC): We conduct customer due diligence and obtain identifying information from all clients and potential clients before conducting business with them. This includes verifying the identity of the client and any beneficial owners, and conducting ongoing monitoring of the client's activities.

  2. Risk-Based Approach: We assess the risk of money laundering and terrorist financing associated with each client and transaction, and implement appropriate risk mitigation measures based on the level of risk. This includes enhanced due diligence for high-risk clients and transactions.

  3. Reporting: We have implemented procedures for reporting suspicious transactions to the appropriate authorities in accordance with applicable laws and regulations.

  4. Training: We provide regular training to our employees and contractors to ensure that they understand their role in preventing money laundering and terrorist financing. The training covers topics such as the red flags of money laundering, customer due diligence, and reporting suspicious transactions.

  5. Record Keeping: We maintain records of all customer due diligence and transaction records for the minimum period required by applicable laws and regulations.

Compliance

ALANTEX Corp. complies with all applicable laws and regulations related to money laundering prevention, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) in Canada and the USA PATRIOT Act in the United States.

Policy Review

We review and update this AML Policy periodically to ensure that it remains current and effective.

Contact Us

If you have any questions or concerns about our AML Policy, please contact our AML Officer at This email address is being protected from spambots. You need JavaScript enabled to view it..