Anti-Money Laundering
CardOne Plus is fully committed to preventing and identifying fraud, money laundering and terrorist financing. We achieve this through robust procedures, training our staff and reporting our suspicions to relevant authorities. CardOne Plus ensures these Policies are adhered to and maintained for all CardOne Plus Programs. CardOne Plus has a clearly documented Anti-Money Laundering/Terrorist Financing program and compliance procedures.
CardOne Plus and our Platform Partners:
- Allocates responsibility within each jurisdiction for ensuring compliance with the jurisdiction's procedures for money laundering to the relevant Money Laundering Reporting Officer.
- Complies with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate.
- Provides initial and annual training and education programs to ensure all staff are aware of their personal responsibilities and the procedures to be adhered to. Individual confirmations of receiving such training are retained in each jurisdiction.
- Takes reasonable measures to establish the identity of all persons for whom CardOne may or may not provide services to.
- Retains identification documentation and transactional documentation as defined within local legislation for the requisite time period.
- Reports to the relevant authority where there are reasonable grounds to suspect that a money laundering offence has been or is being committed.
- CardOne Plus is Compliant with a number of government regulatory bodies including: OFAC (Office of Foreign Asset Control), U.S. Patriot Act , FINTRAC (Financial Transactions and Reports Analysis Center of Canada) , FINCEN (Financial Crimes Enforcement Network).
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