Welcome to Exchange International Pte Ltd

AML Policy Statement

The fight against Money Laundering is a priority for Exchange International Pte Ltd. We recognize that the fight against Money Laundering and Terrorist Financing is a team effort.
We support the major International Organisations which collectively set and enforce standards for Anti-Money Laundering and Counter-Terrorist Financing policies and programs such as FATF, UN, The EU, The Organization of American States (OAS), The Office of Foreign Assets Control (OFAC) and the Local Regulatory Authorities such as the Monetary Authority of Singapore and the Commercial Affairs Department. For more information, please visit the websites www.mas.gov.sg and www.cad.gov.au.
Exchange International Pte Ltd is committed to the highest standards of Anti Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance and requires its management and its employees to adhere to these principles to prevent the use of its products and services for money laundering and terrorist financing purposes, to safeguard the interest of its customers, management, shareholders, employees and the general community.
Adherence to the Exchange International Pte Ltd Anti-Money Laundering and Counter-Terrorist Financing Program is the responsibility of all employees. The program is formulated and directed by the Risk & AML Compliance Unit of the company. The program includes client screening through the World Check System, Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures comprising the requirement to establish the identity of beneficial owners, monitoring of client activity, record keeping, reporting of suspicious circumstances and large threshold transactions in accordance with relevant laws, and mandatory training for all employees.

AML Initiatives in Singapore

Singapore has always recognized the importance of joining hands with International bodies on implementing Anti Money Laundering and Counter Terrorist Financing measures. The Monetary Authority of Singapore (MAS) has adopted the various recommendations of The Financial Action Task Force with the active and joint involvement of other regulatory bodies including the Commercial Affairs Department of Singapore.

AML Initiatives in Exchange International Pte Ltd

Exchange International Pte Ltd in its endeavours recognizes the importance of combating Money Laundering and Terrorist Financing activities and has established effective controls and procedures in its financial operations. Exchange International Pte Ltd has established its AML/CTF policies and procedures compliance manual that is in line with the Anti-Money Laundering and Counter Terrorist Financing laws of Singapore. Strict observance to its KYC/CDD norms is maintained along with additional controls and efforts to train all staff members on a regular basis. All newly recruited staffs, regardless of the department they are hired to work for, are provided training on AML/CTF/KYC/CDD compliance immediately after joining and are subject to examinations to test their knowledge on these aspects.