Anti-Money Laundering

AML/CFT Policy

We periodically examine internal AML/CFT regulations and operations, and review monitoring patterns and reporting standards when appropriate, in order to improve the quality of suspicious transaction reports (STRs), better prevent crimes from occurring, and avoid defensive reporting. We amended the "Guidelines Governing Anti-Money Laundering and Countering Terrorism Financing“ and established the "Guidelines for Sharing Data on Anti-Money Laundering and Countering Terrorism Financing“ in coordination with laws and practices in 2022.

AML/CFT Organizational Structure

Establish the AML/CFT risk management framework for corporate governance, system design, control and procedure, risk management, and independent audits, and incorporate AML/CFT awareness into the corporate culture through information system use, process management, and the development of employees' professional competencies.

Continue to improve the AML/CFT process

We established indicators for inherent risks and control results that are repeatable and comparable. We also strengthened the theoretical foundation for residual risk assessment, and used measurement results of indicators as the basis for monitoring changes in risk trends, in order to understand the Company's overall exposure and the correlation with national risk assessment. We referenced our customers, products, and trading policy when setting the risk limit and risk appetite, and continued to monitor money laundering and terrorism financing risks to create a complete risk profile.

We added new control points for fee collection according to the optimization items recommended in the "Comprehensive ML/TF Risk Assessment Report and Prevention Plan," strengthening the fee payment review process to further improve the AML/CFT system.