Objective/Risk
The commitment of Ecurrency4u to the highest ethical and legal standards extends to its business dealings throughout the world.
This Anti-Money Laundering (AML) Policy Standard is intended to ensure that Ecurrency4u upholds this commitment by complying with both the specific requirements and the spirit of all relevant Ghanaian and international Anti-Money Laundering and Counter Terrorist Funding Laws, Regulations and Standards.[1] This includes compliance with the provisions of the Anti-Money Laundering Act 2008 (Act 749), the AntiMoney Laundering Amendment Act 2014 (Act 874) the Anti-
Money Laundering Regulations, 2011 (L1 1987), the AntiTerrorism Act, 2008 (Act 762), the Anti-Terrorism (Amendment Act, 2012 (Act 842) and all existing and future directives or guidelines of the Bank of Ghana on AML.
This is to avoid reputational damage to Ecurrency4u by ensuring the implementation of risk based controls that deter abuse of cryptocurrencies by money launderers and those involved in financing terrorism. It is also to protect Ecurrency4u, its employees and third party agents from inadvertently committing money laundering and terrorist financing offences.
Scope and Compliance
This Policy Standard applies to:
• All Ecurrency4u employees.
• All Clients / Customers who utilize the Ecurrency4u Web Application Platform .
Compliance levels will be monitored on a regular basis and results reviewed by appropriate persons within the AML governance structure below. Any breach of this policy will be treated as a serious disciplinary offence and may be subject to disciplinary action in accordance with the provisions of
Ecurrency4u’s disciplinary policy.
[1] In this policy all references to AML include counter-terrorist funding
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