- The appointment of an Anti-Money Laundering Compliance Officer who has sufficient level of seniority and independence and who has responsibility for oversight of compliance with relevant legislation, regulations, rules, and industry guidance
- All clients must undergo a verification check to confirm identity before being allowed to trade;
- Forestcoin Limited reports any suspicious activity to the relevant authorities.
The Forestcoin Limited AML/CFT Policy is designed to prevent money laundering and the financing of terrorism by having adequate systems and controls in place to mitigate the risk of Forestcoin Limited being used to facilitate financial crime. Forestcoin Limited is bound by New Zealand law to take steps to ensure that it is not involved in the facilitation of money laundering or terrorism financing.
Various AML measures are in place to articulate our commitment to detecting, preventing, and reporting attempts to use our financial services platform to illegally launder money, to finance illegal activities, such as terrorism and drug trafficking, or to commit fraud.
The following is a list of some of these measures: