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Anti money-laundering policy

1. Introduction:

  • TFF International Kft. is committed to maintaining the highest standards of integrity, transparency, and compliance with all applicable regulations and laws, including those related to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). This policy outlines the measures and procedures that TFF International Kft.has established to prevent the use of its products and services for illicit activities, money laundering, and the financing of terrorism.

2. Scope:

  • This AML Policy applies to all employees, contractors, partners, clients, and users of TFF International Kft.’s products and services.

3. Customer Due Diligence (CDD):

  • TFF International Kft. can at any time conduct thorough customer due diligence on all clients and users in accordance with applicable regulations.
  • Identification and verification procedures can be conducted during onboarding and periodically as required.
  • Enhanced due diligence can be applied to higher-risk clients, transactions, and jurisdictions.

4. Know Your Customer (KYC):

  • TFF International Kft. when it needs collect and maintain accurate and up-to-date information about its clients, including beneficial ownership information.
  • Client risk profiles will be assessed to determine the level of due diligence required.

5. Monitoring and Reporting:

  • Ongoing monitoring of client transactions will be conducted to detect unusual or suspicious activities.
  • TFF International Kft. will report suspicious activities to relevant authorities as required by law.

6. Transaction Screening:

  • TFF International Kft. will implement screening measures to identify individuals, entities, and countries subject to international sanctions, embargoes, and watch lists.
  • Transactions involving sanctioned parties will be reported as necessary.

7. Training and Awareness:

  • TFF International Kft. will provide AML and CFT training to employees, contractors, and partners to ensure their understanding of compliance requirements and their roles in preventing illicit activities.

8. Reporting Obligations:

  • TFF International Kft. will report any suspicious activities to the appropriate authorities in accordance with applicable laws and regulations.
  • TFF International Kft. will cooperate fully with law enforcement agencies and regulatory authorities in investigations related to money laundering and terrorist financing.

9. Risk Assessment and Mitigation:

  • TFF International Kft. will conduct regular risk assessments to identify and assess potential money laundering and terrorism financing risks.
  • Mitigation measures will be implemented to address identified risks.

10. Record Keeping:

  • TFF International Kft. will maintain accurate records of customer identification and verification, transaction records, and other relevant documentation.
  • Records will be kept in compliance with applicable laws and regulations.

11. Resources and Compliance Officer:

  • TFF International Kft. will designate a Compliance Officer responsible for overseeing and enforcing AML and CFT measures.
  • Adequate resources will be allocated to support the implementation and maintenance of this AML Policy.

12. Continuous Improvement:

  • TFF International Kft. will review and update the AML Policy regularly to ensure its effectiveness and alignment with changing regulations.

This AML Policy serves as a commitment to the highest standards of ethical conduct and compliance with applicable regulations. By adhering to these principles, TFF International Kft. seeks to contribute to the prevention of financial crime and the protection of the integrity of the cryptocurrency ecosystem.