TIMES (HK) Limited
Anti-Money Laundering (AML) and Know-Your-Customer (KYC) Policy
TIMES (HK) Limited
Anti-Money Laundering (AML) and Know-Your-Customer (KYC) Policy
TIMES (HK) Limited
Anti-Money Laundering (AML) and Know-Your-Customer (KYC) Policy
In response to the increasing threat of money laundering and terrorism financing, TIMES (HK) Limited has implemented a comprehensive AML and KYC policy to ensure compliance with Hong Kong's AML legislation and mitigate the risk of facilitating financial crime.
In response to the increasing threat of money laundering and terrorism financing, TIMES (HK) Limited has implemented a comprehensive AML and KYC policy to ensure compliance with Hong Kong's AML legislation and mitigate the risk of facilitating financial crime.
In response to the increasing threat of money laundering and terrorism financing, TIMES (HK) Limited has implemented a comprehensive AML and KYC policy to ensure compliance with Hong Kong's AML legislation and mitigate the risk of facilitating financial crime.
Customer Due Diligence and KYC Procedures
Customer Due Diligence and KYC Procedures
Customer Due Diligence and KYC Procedures
TIMES (HK) Limited maintains a robust customer due diligence and KYC framework to verify the identity of its users and monitor their transactions. This includes periodic enhanced customer reviews as part of our ongoing risk assessment. Any attempt to abuse the TIMES (HK) Limited platform will result in immediate account suspension and reporting of violations to the relevant authorities.
To comply with AML regulations, TIMES (HK) Limited has established the following procedures:
1. AML Transaction Monitoring: All transactions conducted through the TIMES (HK) Limited platform are subject to AML transaction monitoring to detect and prevent suspicious activities.
2. Record Keeping: Identity documents and transaction records will be securely maintained for a minimum of six years and will be provided to regulators upon request, without prior notification to registered users.
3. Risk-Based Approach (RBA): TIMES (HK) Limited adopts a risk-based approach to assess and manage money laundering and terrorism financing risks. This includes conducting risk assessments on customers, implementing appropriate due diligence measures, and applying enhanced due diligence for high-risk customers, such as Politically Exposed Persons (PEPs) and Correspondent Banking relationships.
4. Ongoing Customer Activity Monitoring: TIMES (HK) Limited maintains systems and procedures to monitor customer activity on an ongoing basis. This includes reviewing documents, data, and information related to customers to ensure they are up-to-date and relevant. Any complex, large, unusual transactions, or patterns of transactions with no apparent economic or lawful purpose will be identified and investigated.
TIMES (HK) Limited maintains a robust customer due diligence and KYC framework to verify the identity of its users and monitor their transactions. This includes periodic enhanced customer reviews as part of our ongoing risk assessment. Any attempt to abuse the TIMES (HK) Limited platform will result in immediate account suspension and reporting of violations to the relevant authorities.
To comply with AML regulations, TIMES (HK) Limited has established the following procedures:
1. AML Transaction Monitoring: All transactions conducted through the TIMES (HK) Limited platform are subject to AML transaction monitoring to detect and prevent suspicious activities.
2. Record Keeping: Identity documents and transaction records will be securely maintained for a minimum of six years and will be provided to regulators upon request, without prior notification to registered users.
3. Risk-Based Approach (RBA): TIMES (HK) Limited adopts a risk-based approach to assess and manage money laundering and terrorism financing risks. This includes conducting risk assessments on customers, implementing appropriate due diligence measures, and applying enhanced due diligence for high-risk customers, such as Politically Exposed Persons (PEPs) and Correspondent Banking relationships.
4. Ongoing Customer Activity Monitoring: TIMES (HK) Limited maintains systems and procedures to monitor customer activity on an ongoing basis. This includes reviewing documents, data, and information related to customers to ensure they are up-to-date and relevant. Any complex, large, unusual transactions, or patterns of transactions with no apparent economic or lawful purpose will be identified and investigated.
TIMES (HK) Limited maintains a robust customer due diligence and KYC framework to verify the identity of its users and monitor their transactions. This includes periodic enhanced customer reviews as part of our ongoing risk assessment. Any attempt to abuse the TIMES (HK) Limited platform will result in immediate account suspension and reporting of violations to the relevant authorities.
To comply with AML regulations, TIMES (HK) Limited has established the following procedures:
1. AML Transaction Monitoring: All transactions conducted through the TIMES (HK) Limited platform are subject to AML transaction monitoring to detect and prevent suspicious activities.
2. Record Keeping: Identity documents and transaction records will be securely maintained for a minimum of six years and will be provided to regulators upon request, without prior notification to registered users.
3. Risk-Based Approach (RBA): TIMES (HK) Limited adopts a risk-based approach to assess and manage money laundering and terrorism financing risks. This includes conducting risk assessments on customers, implementing appropriate due diligence measures, and applying enhanced due diligence for high-risk customers, such as Politically Exposed Persons (PEPs) and Correspondent Banking relationships.
4. Ongoing Customer Activity Monitoring: TIMES (HK) Limited maintains systems and procedures to monitor customer activity on an ongoing basis. This includes reviewing documents, data, and information related to customers to ensure they are up-to-date and relevant. Any complex, large, unusual transactions, or patterns of transactions with no apparent economic or lawful purpose will be identified and investigated.
TIMES (HK) Limited is committed to reporting any suspicious activities and complying with reporting obligations.
The following measures are in place:
1. Suspicious Activity Reporting: Any suspicious transactions or activities will be reported through a Suspicious Activity Report (SAR) to senior management for further investigation and compliance with regulatory requirements.
2. Additional Information and Documentation: TIMES (HK) Limited may request additional information or documentation from clients to fulfill legal obligations and prevent financial crime. Failure to provide requested information may result in refusal of the client or transaction.
3. Refusal of Registration: TIMES (HK) Limited reserves the right to refuse registration to individuals from jurisdictions that do not meet international AML standards or are considered Politically Exposed Persons.
4. Account Suspension: TIMES (HK) Limited may suspend the operation of an account without liability and without disclosing the reason. Notification will be provided after exercising this right.
5. Tipping Off Prohibition: It is strictly prohibited to disclose any information that may prejudice an investigation ("tipping off"). Staff members must not disclose unusual activity notifications to third parties unless authorized by senior management.
TIMES (HK) Limited is committed to maintaining the confidentiality and security of all information obtained during the AML and KYC process, as required by AML laws.
By implementing these measures, TIMES (HK) Limited aims to prevent money laundering and terrorism financing activities, ensuring a safe and compliant trading environment for all users.
TIMES (HK) Limited is committed to reporting any suspicious activities and complying with reporting obligations.
The following measures are in place:
1. Suspicious Activity Reporting: Any suspicious transactions or activities will be reported through a Suspicious Activity Report (SAR) to senior management for further investigation and compliance with regulatory requirements.
2. Additional Information and Documentation: TIMES (HK) Limited may request additional information or documentation from clients to fulfill legal obligations and prevent financial crime. Failure to provide requested information may result in refusal of the client or transaction.
3. Refusal of Registration: TIMES (HK) Limited reserves the right to refuse registration to individuals from jurisdictions that do not meet international AML standards or are considered Politically Exposed Persons.
4. Account Suspension: TIMES (HK) Limited may suspend the operation of an account without liability and without disclosing the reason. Notification will be provided after exercising this right.
5. Tipping Off Prohibition: It is strictly prohibited to disclose any information that may prejudice an investigation ("tipping off"). Staff members must not disclose unusual activity notifications to third parties unless authorized by senior management.
TIMES (HK) Limited is committed to maintaining the confidentiality and security of all information obtained during the AML and KYC process, as required by AML laws.
By implementing these measures, TIMES (HK) Limited aims to prevent money laundering and terrorism financing activities, ensuring a safe and compliant trading environment for all users.
TIMES (HK) Limited is committed to reporting any suspicious activities and complying with reporting obligations.
The following measures are in place:
1. Suspicious Activity Reporting: Any suspicious transactions or activities will be reported through a Suspicious Activity Report (SAR) to senior management for further investigation and compliance with regulatory requirements.
2. Additional Information and Documentation: TIMES (HK) Limited may request additional information or documentation from clients to fulfill legal obligations and prevent financial crime. Failure to provide requested information may result in refusal of the client or transaction.
3. Refusal of Registration: TIMES (HK) Limited reserves the right to refuse registration to individuals from jurisdictions that do not meet international AML standards or are considered Politically Exposed Persons.
4. Account Suspension: TIMES (HK) Limited may suspend the operation of an account without liability and without disclosing the reason. Notification will be provided after exercising this right.
5. Tipping Off Prohibition: It is strictly prohibited to disclose any information that may prejudice an investigation ("tipping off"). Staff members must not disclose unusual activity notifications to third parties unless authorized by senior management.
TIMES (HK) Limited is committed to maintaining the confidentiality and security of all information obtained during the AML and KYC process, as required by AML laws.
By implementing these measures, TIMES (HK) Limited aims to prevent money laundering and terrorism financing activities, ensuring a safe and compliant trading environment for all users.