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ANTI MONEY LAUNDERING / COUNTER FINANCING FOR TERRORISM (AML/CFT) POLICY


These Terms of Service and any terms expressly incorporated herein (“Terms”) apply to any access to, or use of, any services made available by Pinkexc, Inc. (“Pinkexc”) using the website www.pinkexc.com (the “Site”) or our mobile applications, and to any other related services provided by Pinkexc (collectively, the “Services”). By clicking on an “I Agree” button or check box presented with these Terms or, if earlier, by accessing or using any Services, you agree to be bound by these Terms.

The purpose of this Policy is to address the requirement set out by AML/CFT Guideline from Bank Negara Malaysia and the Securities Commission. The following key measure are in place to fulfil the requirements;

  • A Designated Compliance Officer shall be appointed with sufficient seniority to give an oversight over Pinkexc internal compliance initiatives, maintenance of records and reporting of suspicious transaction;
  • Pinkexc shall be installing a filtering and detection system to scrutinise customers’ transactions. Any suspected transaction shall be liable for reporting under the purview of suspicious activities to the Financial Intelligence and Enforcement Department (FIED), BNM on timely basis;
  • Pinkexc shall be screening every individuals and entities against available sanction programs such as sanctions imposed by the United Nations Security Council (UNSC) and as guided by regulator. This is to ensure that the Company does not deal with any sanctioned individuals/entities;
  • Pinkexc is committed in the provision of full and timely disclosure of suspicious transactions/circumstances to the relevant authorities as provided under all applicable laws/respective jurisdictions;
  • Pinkexc is committed in the provision of full and timely disclosure of suspicious transactions/circumstances to the relevant authorities as provided under all applicable laws/respective jurisdictions;
  • Pinkexc shall be keeping the records of all identification/transaction details obtained for the purpose of customer identification as well as of all documents in accordance with statutory requirements as stipulated in the Act;
  • Pinkexc will be in constant communication with the regulators through regular communication, supplemented with latest updates on AML/CFT and training programs shall be undertaken regularly to raise staff awareness at all levels within the Company; and
  • Pinkexc shall endeavour in the provision of appropriate management information and reporting system, for compliance with the AML/CFT requirements.

The Company shall fully co-operates with the enforcement agencies and competent authority in the investigation of money laundering and/or financial crime.

This policy is in line with all applicable requirement set out under Anti Money Laundering / Counter Financing for Terrorism (AML/CFT) for Digital Currencies (Sector 6) Guideline set out by Bank Negara Malaysia. It is the duty of every employee of The Company and all related stakeholders of The Company to follow this policy.