ANTI-MONEY LAUNDERING POLICY STATEMENT
It is the policy of PAXUM INC. (the “Company”) to comply with the "The Bank Secrecy Act (BSA)" to establish and maintain an effective AML program reasonably designed to prevent money laundering and terrorist financing.
This policy statement is integral part of PAXUM’s Anti-Money Laundering Policy, which includes procedures and personnel responsible for complying with this policy and applicable laws.
Paxum Inc. (“the Company”) is a company headquartered in Canada. Company and its subsidiaries (collectively “Paxum”) make every effort to remain in full compliance with all applicable anti-money laundering laws, rules and standards in the jurisdictions in which it does business. As required by law, Paxum has designated a Chief Compliance Officer who leads a team of employees oversee Paxum’s anti-money laundering efforts. Paxum has developed and implemented a risk-based anti-money laundering program comprising of
- Written Anti-Money Laundering Policies
- Customer Identification Procedures
- Anti-Fraud Procedures
- Record-Keeping Requirements
- Customer Risk Assessment Procedures
- Sanction Lists Procedures
- Paxum Employees Training Procedures
- On-going Customers's Activty Procedures
Paxum is prohibited from transacting with individuals, companies and countries that are on prescribed Sanctions lists. Paxum will therefore screen against United Nations, European Union, UK Treasury and US Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions in which we operate.