At West Zane Bank (“WZB”) we ensure appropriate measures are taken for the prevention of financial crime and we have adopted procedures to detect and deter money laundering, terrorist financing or other illegal activities. We have Money laundering Reporting Officer (MLRO) to keep a close check on the conduct of business and a whistleblower policy for such situations is in place.
In addition to that, we have a comprehensive Anti-Money Laundering (“AML”) policy for the guidance of our employees in order to prevent, detect and report any financial crime perpetrated through money laundering similar illegal activities. Our policy aims to serve the objectives below:
Know Your Customer
(“KYC”):
At WZB, we go have thorough KYC checks to ensure the true identity of our clients in terms of who we are dealing with. Our usual procedure involves the following:
