Anti-Money Laundering (AML) Policy

At Find4Less Limited, we are committed to complying with all applicable laws and regulations related to Anti-Money Laundering (AML) to prevent the use of our platform for money laundering, terrorist financing, and other illicit activities. This AML Policy outlines our commitment to ensuring a safe, secure, and compliant environment for our users, and it establishes the measures we take to detect and prevent money laundering activities.

1. Purpose

The purpose of this AML Policy is to outline the procedures and practices that Find4Less Limited implements to prevent and detect money laundering, terrorist financing, and any other financial crimes. We are dedicated to maintaining the integrity of our platform and to cooperating with relevant authorities to ensure the security and trustworthiness of all transactions conducted on our platform.

2. Customer Due Diligence (CDD)

As part of our efforts to prevent money laundering, we perform Customer Due Diligence (CDD) on users who engage in significant transactions or post ads. This process includes:

  • Identity Verification: All users are required to provide a valid ID and other necessary documents for Know Your Customer (KYC) verification before posting ads or engaging in financial transactions.
  • Enhanced Due Diligence (EDD): For high-risk users or suspicious activities, additional verification may be required to verify identity and business legitimacy.
  • Ongoing Monitoring: We continuously monitor transactions to detect unusual or suspicious activities.

3. Risk-Based Approach

We adopt a risk-based approach to monitor and mitigate money laundering risks. This includes identifying and assessing the level of risk presented by customers and transactions based on various factors, including:

  • Geographic location.
  • Nature of the transaction or activity.
  • The user’s behavior and history on the platform.

4. Reporting Suspicious Activities

  • Suspicious Activity Reports (SARs): If we detect any suspicious activity, such as transactions that appear unusual or out of line with a user’s normal behavior, we will file a Suspicious Activity Report (SAR) with the relevant authorities.
  • Cooperation with Authorities: We are committed to cooperating fully with regulatory authorities, law enforcement agencies, and other government bodies as required by law.

5. Record-Keeping

We maintain detailed records of all KYC information, transaction histories, and Suspicious Activity Reports (SARs). These records are kept for a minimum period of 5 years in compliance with regulatory requirements. These records help ensure that we can demonstrate compliance with AML laws and regulations.

6. Training and Awareness

We provide ongoing training to our staff, including customer support, technical, and compliance teams, to ensure they are aware of the latest AML regulations and procedures. This training includes:

  • Recognizing signs of money laundering.
  • Proper handling of suspicious activity.
  • Adherence to customer identification and reporting requirements.

7. Cooperation with Financial Institutions

We work closely with trusted financial institutions and payment processors to ensure that all transactions processed through our platform comply with AML regulations. This includes enforcing the use of secure and reputable payment gateways for processing payments, deposits, and withdrawals.

8. Sanctions and Prohibited Persons

Find4Less Limited does not engage with individuals or businesses that are listed on international sanctions lists, including those issued by the United Nations, the United States, the European Union, and other relevant authorities. We take measures to block and report any users involved in illegal activities or those associated with sanctioned individuals or organizations.

9. Non-Compliance and Penalties

Failure to comply with this AML Policy may result in account suspension, banning from the platform, and/or reporting to the relevant authorities. We will not tolerate any activity that undermines the integrity of our platform, and we reserve the right to take appropriate actions in line with our policies and applicable laws.

10. Policy Updates

Find4Less Limited reserves the right to update this AML Policy as necessary to comply with changes in laws, regulations, or business practices. Any updates will be posted on our website, and users will be notified of significant changes.

11. Contact Us

If you have any questions or concerns regarding our AML Policy or if you suspect suspicious activity on our platform, please contact us via our Contact Us page. We take all reports seriously and will act promptly to investigate and resolve any issues.

Find4Less Limited is dedicated to providing a safe and trusted marketplace for all users. By adhering to stringent Anti-Money Laundering policies, we ensure the integrity of our platform and contribute to the global fight against financial crimes.