We are monitoring our risk management procedures very carefully to effectively ensure risk management and to improve the compliance with prevailing laws and regulations.
We have established procedures regarding Due Diligence, Know Your Customer and Anti Money Laundering, which include identifying and verifying the identity of the clients and the beneficial owners as required by law.
Due Diligence – DD
Due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party. TOP Credit due diligence entails investigation or audit of a potential client and all material facts with respect to contemplated transaction.
Know Your Customer – KYC
A list of documents required from the client and a questionnaire to be filled in by the client for the purpose of properly identifying the client according to applicable laws. In addition, such information enables TOP Credit to know detailed information about client’s business, structure and risk tolerance.
Anti Money Laundering – AML
A set of procedures drafted according to applicable laws for TOP Credit to monitor proper fulfillment of AML rules. AML rules are designed to stop the practice of generating income through illegal actions. In most cases money launderers hide their actions through a series of steps that make it look like money coming from illegal or unethical sources was earned legitimately.
We do not cooperate with interested parties from the following countries which have been sanctioned by the Office of Foreign Asset Control.