Anti-Money Laundering (AML) Policy

Effective Date: [01/01/2025]
Last Reviewed: [01/01/2025]
Approved By: [Management]

1. Purpose

Fameidols Talent Network (“the Company”) is committed to the highest standards of ethical conduct, integrity, and compliance with applicable laws and regulations. This Anti-Money Laundering (AML) Policy sets out our approach to preventing money laundering, terrorist financing, and other financial crimes on our platform.

2. Scope

This policy applies to:

  • All employees, contractors, and representatives of Fameidols Talent Network.
  • All users of the Fameidols Talent Network platform, including talent, clients, vendors, and partners.

3. Policy Statement

Money laundering and terrorist financing undermine the integrity of financial systems and are strictly prohibited. Fameidols Talent Network has zero tolerance for the use of its services for illicit activities. We will take all reasonable steps to detect, prevent, and report suspicious transactions in compliance with applicable laws and international best practices.

4. Objective

  • Ensure compliance with relevant AML and Counter-Terrorism Financing (CTF) regulations.
  • Implement robust customer identification (KYC – Know Your Customer) measures.
  • Monitor and detect suspicious transactions on the platform.
  • Provide ongoing training and awareness for staff.
  • Maintain proper records for regulatory and audit purposes.

5. Know Your Customer (KYC)

Fameidols Talent Network requires all users engaging in financial transactions to undergo verification:

  • Individuals: Full name, date of birth, nationality, address, valid government-issued ID, and where applicable, proof of address.
  • Businesses/Organizations: Business name, registration certificate, beneficial ownership details, and authorized signatories.
  • Enhanced due diligence will be applied where users are identified as high-risk (e.g., politically exposed persons, cross-border transactions).

6. Transaction Monitoring

The Company will:

  • Monitor transactions for unusual patterns, inconsistencies, or red flags (e.g., large or repeated payments with no clear purpose).
  • Set transaction thresholds requiring additional verification.
  • Suspend or block accounts involved in suspicious activities pending investigation.

7. Reporting Suspicious Activity

  • All staff are required to immediately escalate suspicious activities to the Money Laundering Reporting Officer (MLRO).
  • The MLRO will assess the information and, if warranted, file a Suspicious Activity Report (SAR) with the relevant regulatory authorities.
  • Fameidols Talent Network will cooperate fully with law enforcement agencies.

8. Record Keeping

  • All KYC records, transaction records, and internal reports will be securely stored for at least 5 years (or as required by law).
  • Access will be limited to authorized personnel only.

9. Training and Awareness

  • Staff will receive regular AML/CTF training covering:
    • Identifying red flags of money laundering.
    • Proper KYC procedures.
    • Reporting obligations and escalation procedures.
  • Refresher training will be provided annually.

10. Roles and Responsibilities

  • Board of Directors / Senior Management: Overall responsibility for AML compliance.
  • MLRO: Oversight of AML framework, transaction monitoring, reporting suspicious activity, and staff training.
  • Employees/Contractors: Compliance with AML policies, KYC procedures, and immediate reporting of suspicious activity.

11. Policy Review

This policy will be reviewed annually or sooner if required by regulatory changes or operational developments.

12. Disciplinary Action

Non-compliance with this AML policy by employees, contractors, or users may result in:

  • Suspension or termination of employment/engagement.
  • Suspension or permanent banning of user accounts.
  • Reporting to law enforcement authorities.