Policy & Procedures Regarding Anti-Money Laundering
Let this letter serve as the Anti-Money Laundering Compliance Statement, Policy & Procedures for Pallas Financier, LLC who has established complete Anti-Money Laundering and Anti-Terrorist Financing policies and procedures.
Pallas Financier, LLC does not maintain any foreign branches and all domestic affiliates of Pallas Financier, Ltd. shall adhere to the company policies and procedures on this subject matter. The specific laws and/or regulations governing include the following: Regulation H, The USA Patriot Act, The US Department of the Treasury - Office of Foreign Asset Control and The US Department of Treasury - Financial Crimes Enforcement Network.
It is the objective of Pallas Financier, LLC to prevent criminals from using the Corporation’s facilities, systems and services to conceal illegal activity. Pallas Financier, LLC will report in accordance to law, suspect transactions containing information relating to the following: Customers with unusual high volume, Customers with unusual increasing activity and Customer with unusual recurring transactions.
Pallas Financier, LLC currently only processes credit card transaction for a specific registration fee. This fee is currently set at: $499.00. The company may offer additional products and services in the future for training, training materials, sales and marketing materials and/or advertising or co-op advertising. All transactions are or will be specific in nature. All emloyees of Pallas Financier, LLC who have the authority or capacity to process credit card, credit or electronic check type transactions of Pallas Financier, LLC will receive any available training on this subject matter.
Records of training content and attendance are maintained for a minimum of 5 years. In addition, the company shall require from all customers or registered contract agents, affiliates or contractors verification of identity under the US Patriot Act that shall include a copy of two (2) types of official identifications. Records are maintained in accordance to record retention requirements set forth by said regulation.
It is the policy and procedure of Pallas Financier, LLC, to follow and abide by all applicable Federal and State Laws as they apply to this subject matter. Any and all employees who are in positions that require such education on these matters will be at all times properly trained in accordance to these current laws and future laws as occur.
Sincerely,
Traci Gregory
Pallas Financier, LLC
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