AML Policy

1. Purpose

Funding Frontier is committed to preventing the use of its services for money laundering or terrorist financing activities. This AML policy is designed to ensure compliance with all applicable laws and regulations related to anti-money laundering.

2. Policy Scope

This policy applies to all customers, employees, consultants, and partners of Funding Frontier. It covers all operations and transactions, including payments and transfers, carried out through Funding Frontier.

3. Customer Identification and Verification

Funding Frontier will implement appropriate customer due diligence (CDD) measures to verify the identity of our customers. This includes collecting reliable, independent source documents, data, or information. Enhanced due diligence (EDD) processes will be employed for customers presenting a higher risk, such as those involved in large transactions or from high-risk jurisdictions.

4. Reporting Obligations

Funding Frontier is required to report any suspicious activity that might signify money laundering, terrorist financing, or other illegal activities to the relevant authorities without notification to the parties involved. All employees are trained to recognize and properly handle suspicious transactions.

5. Record Keeping

Transaction records and customer identification data will be kept for a minimum of five years to enable reconstruction of financial transactions through our platform.

6. Training and Compliance

Regular training on AML procedures and compliance will be provided to all relevant employees. Compliance with this policy is mandatory for all employees, and failure to comply will result in disciplinary action, which may include termination.

7. Monitoring and Review

Funding Frontier will regularly review and monitor compliance with this AML policy to prevent and detect any potential money laundering or terrorist financing activities. This policy will be updated as necessary to reflect changes in legislation, regulatory guidance, or the operational environment of Funding Frontier. For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

8. Sanctions Compliance

Funding Frontier will adhere to all trade and economic sanctions issued by governments and international bodies including but not limited to the United Nations, European Union, and the United States. No transactions will be processed that are known to be in violation of these sanctions.