AML/CFT Policy

At Xigna, we uphold our core values of responsibility and ethics. We are steadfastly committed to complying with all relevant laws and regulations aimed at preventing financial crime, including money laundering, terrorism financing, and other illicit activities.

Xigna adheres to its obligations under the Money Laundering (Prevention and Prohibition) Act 2022 and the Terrorism (Prevention and Prohibition) Act 2022. Our robust internal policies, procedures, and staff training programs ensure full compliance with these standards.

Our Measures

• ✓ Client Due Diligence: We conduct thorough assessments to understand our clients’ backgrounds and business activities.
• ✓ Risk-Based Approach: We tailor our procedures based on the risk level of each client.
• ✓ High-Risk Customer Identification: We implement protocols to identify and monitor high-risk clients.
• ✓ Record-Keeping: We maintain detailed, accurate records of all transactions.
• ✓ Anti-Money Laundering Reporting Officer: A dedicated staff member oversees and reports suspicious activities.
• ✓ Suspicious Activity Reporting: We have clear procedures for reporting suspected money laundering to the authorities.
• ✓ Continuous Training: Our staff undergoes regular training on AML/CFT regulations and best practices.
• ✓ Policy Review and Audits: We routinely review and update our policies and conduct audits to ensure compliance.