Anti-Money Laundering (AML) Policy

EntreprendreDNA is committed to maintaining the highest standards of integrity and compliance with all applicable laws and regulations. We recognise the critical importance of combating money laundering and terrorist financing, and we take a proactive approach to mitigate these risks.

Our Commitment

• Compliance with Laws and Regulations: We strictly adhere to all relevant anti-money laundering (AML) and counter-terrorist financing (CTF) laws and regulations in Malaysia, including the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).
• Risk-Based Approach: We adopt a risk-based approach to identify, assess, and mitigate the risks of money laundering and terrorist financing associated with our business activities.
• Customer Due Diligence (CDD): We perform comprehensive CDD measures on all our clients and business partners, including verifying their identity, understanding the nature and purpose of their business relationships, and monitoring their transactions for suspicious activity.
• Enhanced Due Diligence (EDD): We apply EDD measures to higher-risk clients and transactions, including obtaining additional information and conducting more thorough scrutiny.
• Suspicious Activity Reporting (SAR): We promptly report any suspicious transactions or activities to the relevant authorities, as required by law.
• Record-Keeping: We maintain accurate and up-to-date records of all client identification, transactions, and other relevant information for at least five years.
• Training and Awareness: We provide regular training and awareness programmes to our employees on AML and CTF risks, policies, and procedures.
• Independent Audit: We conduct regular independent audits of our AML/CTF programme to ensure its effectiveness.

What is Money Laundering?

Money laundering is the process of concealing the illegal origin of funds by making them appear to have come from legitimate sources.

Examples of Money Laundering Activities:

• Structuring transactions to avoid reporting requirements.
• Using complex financial arrangements to obscure the ownership of assets.
• Conducting business with high-risk individuals or entities.
• Investing in legitimate businesses to disguise the source of funds.

Consequences of Money Laundering:

• Legal: Severe fines, imprisonment, and loss of business licenses.
• Reputational: Damage to the company’s image and brand.
• Financial: Loss of business opportunities and increased costs.
• Social: Facilitating criminal activity and undermining the integrity of the financial system.

How to Report Suspicious Activity:

If you suspect any activity related to money laundering or terrorist financing, you can report it confidentially through the following channels:

• Email: [email protected]

Your report will be treated confidentially, and you will be protected from any retaliation.

Contact Us

If you have any questions or concerns about our Anti-Money Laundering Policy, please contact us at [email protected].