Easyterms Ltd. (hereafter referred to as "the Company") is a financial institution incorporated in The Bahamas. The Company is registered with and licensed by The Securities Commission of The Bahamas (SCB) in its capacity as the Inspector of Financial and Corporate Service Providers (FCSPs).
The Company holds a Financial and Corporate Service Providers (FCSP) license and is registered with the Securities Commission of The Bahamas as a regulator of a Financial Institution as defined by the Financial Transactions Reporting Act (FTRA).
As defined under the FCSP Act (FCSPA) and the FTRA, the Company performs the service of money lending.
The following statements define the core purpose, aspiration, and guiding principle of Easyterms Ltd., which underpin our commitment to ethical and compliant operations:
Statement | Definition |
Vision | To be the leading provider of fast and accessible financial solutions, empowering Bahamians to meet their needs with ease and confidence. |
Mission | To deliver a seamless and efficient loan experience that is simple, convenient, understanding, and respectful. |
Motto | Empowering Bahamians with fast and reliable financial solutions. |
This Compliance Manual serves as the primary document guiding all staff in upholding the highest standards of regulatory compliance and operational integrity.
The specific objectives of this Manual are to:
Provide a standardized process for establishing and generally maintaining all client relationships concerning the prevention and detection of money laundering (ML), terrorist financing (TF), and proliferation financing (PF).
Decrease the Company's exposure to fraudulent and illicit activities.
Avoid the violation of laws, regulations, policies, and procedures by personnel and members of the Company.
Protect the Company from sanctions due to violations of laws and regulations related to the prevention, monitoring, detection, and reporting of suspicious activities.
Maintain the good name and reputation of the Company.