Definition of Money-Laundering

• The illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.
• In order to fight the funding of terrorism and money laundering activities and as part of our AML Compliance Program, we are required to obtain and record information and documentation that helps confirm your identity or provide additional information regarding your business.
• This information may be requested at account opening or during periodic reviews conducted on existing customers.

Customer Due Diligence

• We will conduct Enhanced Due Diligence (EDD) against following customers.
• Amount of assets, income, capital, and the purpose of transaction depending on the level of risks.
• Confirmation of top manager whether the customer is eligible to be a customer.
• Set out limitation of amount of transaction
• Research of other customers who are similar with

Sanctions and government provided lists of terrorists

• Peska will screen each prospective Customer against certain sanction watchlist databases.
• In the event of a screening hit, Peska will make a decision whether the prospective Customer should be treated as a *PEP, having regard to the risks and circumstances of each case.
• *an individual who is or has been entrusted with a prominent public function.