Money Laundering Statement

Effective Date: October 2016

The Hong Kong Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap.615) outlines regulatory and statutory requirements that impose various obligations on Edifice Global Markets Limited (Edifice), a licensed Designated Non-Financial Businesses and Professions (DNFBP) in Hong Kong. These measures reflect the Hong Kong Government’s commitment to combating money laundering (ML) and terrorist financing (TF), thereby effectively disrupting the flow of funds associated with criminal activities and strengthening our efforts to prevent financial crimes.

At Edifice Global Markets Limited, we are committed to actively preventing money laundering as a top priority. We diligently adhere to stringent regulations that effectively disrupt the movement of funds derived from criminal activity and cut off the financial resources available for funding terrorist activities.

Edifice has a zero-tolerance policy for bribery and corruption in all forms. This means no bribery is accepted, whether it involves giving or receiving bribes inside or outside Hong Kong and in any country’s public or private sector. Edifice will not engage in business relationships that may expose it to corrupt, fraudulent, or illegal activities.

Under our regulatory obligations, we have strict procedures in place to minimise the risk that our service could be used for money laundering purposes, including:

Identification and verification of all counterparties and third party risk
Monitoring and reporting suspicious transactions
Maintaining records for at least five years
Training staff to recognise suspicious transactions and to be aware of their reporting obligations

As part of our commitment to preventing money laundering, we have taken a firm stance against cash transactions. We will not accept the settlement of your transaction in cash, by cheque or credit card. We receive and remit all money electronically.

We will not accept you as a Customer until we are satisfied that you are who you say you are alongside your business activities and its locations.

Furthermore, we reserve the right to refuse your application or account acceptance at any stage if you fail to provide us with satisfactory information or if the information you provided subsequently appears to be misleading, incorrect, or false.

We will only request information that is directly relevant to fulfilling our legal obligations. Your prompt compliance with any information requests is greatly appreciated. Please understand that failure to do so may raise suspicions in certain scenarios. Additionally, it is important to note that any information provided may be accessible to regulatory authorities in Hong Kong and other countries involved in fund transfers.

WARNING: Money laundering is a criminal offence.

You should be aware that, by misusing our service, you could expose yourself to criminal prosecution, as we are bound to report such behaviour to the authorities automatically. Examples of misuse include, but are not limited to:

Breaking a significant transaction into smaller transactions to avoid reporting
Providing false or misleading contact details
Providing false identification documents

We are dedicated to taking a strong stance against engaging in any business transactions that involve the transfer of funds derived from or linked to criminal activity.

Your attention to this matter is greatly appreciated.

If you have any concerns regarding this statement, please feel free to bring them to the attention of the Edifice Director of Risk & Compliance.

Edifice Global Markets Limited approved this statement on 27th October 2016

- End of Statement -