LAUNDERING OF PROCEEDS OF CRIME AND FIGHT PROCEDURE AGAINST FINANCING OF TERRORISM

It has been organized to determine the monitoring and control activities carried out by PGPARA Payment services  in order to prevent and reveal the financing of terrorism and money laundering attempts.

 Regarding laundering of proceeds of crime and financing of terrorism,

  • To ensure that company’s policies, practices, control, monitoring, risk management, training and internal audit activities comply with the laws and regulations made by institutions authorized by the law,
  • To establish the necessary compliance risk and legal risk management systems that includes the protection of the company against risks laundering of proceeding of crime and financing of terrorism as well as internal application, monitoring, communication, reporting and infrastructure of relevant information systems and to report the suspicious transactions to MASAK in accordance with the Law on Prevention of Laundering of Proceeds of Crime,
  • To identify risky transactions and services that may be subject of laundering,
  • To raise awareness of company employees about compliance with legal obligations,
  • To protect company’s reputation and customer quality in maintaining the company activities,
  • To ensure compliance of the company with the legal regulations the Laundering of Proceeds of Crime and Financing of Terrorism,
  • To describe the risks that may be subject of proceeds of crime and to determine the principles that may provide the necessary information flow