Easyterms Ltd. recognizes that Money Laundering is a process by which criminals attempt to conceal the origin and true ownership of proceeds of criminal activities. That criminals will try to use Companies such as Easyterms Ltd. to provide legitimate cover for the source of these proceeds.
Terrorism financing on the other hand is the method by which directly or indirectly, unlawfully and willfully persons provide or collect funds with the intention that the funds should be used to carry out an act intended to cause the death or serious bodily injuries to civilians or to any person not taking an active part in a situation of armed conflict. The purpose of which is to intimidate a population or to compel a government or international organization to do or to refrain from doing an act.
Financing of the proliferation of weapons of mass destruction refers to the act of providing funds or financial services for the manufacture, acquisition, transfer, transport, export or use of nuclear, chemical or biological weapons.
Easyterms Ltd. has created this Anti-Money Laundering Policies Manual to document and guide its duty and responsibilities regarding the prevention and detection of Money Laundering, Financing of Terrorist activities and Financing the Proliferation of weapons of mass destruction.
This Manual is hereinafter referred to as the “AML/CFT/PF Policies Manual”