AML/ CFT

Money laundering and the financing of terrorism are financial crimes with severe socio-economic impacts.

Money laundering entails an underlying predicate offence (such as kidnap, drug trafficking, corruption, market manipulation, fraud, child pornography, copywrite violation, poaching etc.), and the aim to conceal the proceeds of the crime by making it appear legitimate. The money laundering process compels financial movements that involve the diversion of resources away from legitimate socio-economically viable uses, consequently, leaving negative impacts on the financial sector and the stability of the state. Well implements AML/CFT controls mitigate the negative impacts of money laundering and enhance the integrity and stability of financial markets.

FCRM Limited understands the act of setting out policies and procedures to guide employees, institutions, and governments to conduct business in accordance with geographic and global Anti- Money Laundering (AML) laws and standards.