AML Policy

Purpose

Ben & Beyond is committed to preventing its services from being used for money laundering or financing illegal activities. 

This Anti-Money Laundering (AML) Policy outlines our standards and procedures to detect, prevent, and report suspicious financial activities in compliance with applicable laws and regulations.

Scope

This policy applies to all employees, contractors, consultants, and business partners of Ben & Beyond. 

It covers all services provided by the company, including consulting, B2B partnerships, digital advertising, and client onboarding.

Definitions

Money Laundering: The process of concealing the origins of illegally obtained money.

Customer Due Diligence (CDD): Measures to identify and verify the identity of clients.

Suspicious Activity: Any transaction or behavior that raises concerns about criminal intent or misuse of services.

Risk-Based Approach

Ben & Beyond adopts a risk-based approach to AML compliance. Clients and projects will be assessed based on:

– Geographic location

– Type of industry or business

–  Nature and size of the transaction

– Payment methods and funding sources.

Customer Due Diligence (CDD)

Prior to engaging with any client, Ben & Beyond will:

Collect identifying information (business license, tax ID, representative ID, etc.)

Verify business ownership and control structure

Understand the purpose and nature of the business relationship

Monitor ongoing activities for consistency with expected behavior

Enhanced Due Diligence (EDD) will be performed for higher-risk clients or jurisdictions.

Record Keeping

All AML-related records will be maintained for a minimum of five (5) years, including:

Client identification documents

Transaction records

Internal reports of suspicious activities

Suspicious Activity Reporting

Employees are required to immediately escalate any suspicious behavior or transaction to the Compliance Officer. Ben & Beyond will cooperate fully with law enforcement and financial regulatory authorities in reporting such activities.

Training

Regular AML training will be provided to all relevant staff to ensure awareness of:

Current AML regulations

Internal procedures for due diligence and reporting

How to identify red flags

Compliance Officer

Ben & Beyond designates an AML Compliance Officer responsible for:

Overseeing the implementation of this policy

Conducting internal audits and reviews

Ensuring staff training and regulatory compliance