Statement

ABN: 70 631 043 966

ACN: 631 043 966

Website: tsii.com.au

Table of contents

Anti-Money Laundering/Counter-Terrorist Financing Statement

Tawakal Sii Pty Ltd is firmly committed to upholding the highest standards of integrity and ensuring compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. We understand the importance of protecting the financial system from illicit activities and are fully dedicated to preventing money laundering and terrorist financing within our operations.

Our Commitment to Compliance

At Tawakal Sii, we strictly adhere to all relevant laws, regulations and guidelines related to AML and CTF activities. We are committed to implementing robust policies, procedures, and controls to detect, prevent, and report any suspicious activities.

Risk-Based Approach

At Tawakal Sii, we conduct thorough risk assessments to monitor, identify and evaluate any suspicious activities, including money laundering and terrorist financing risks associated with business activities. This enables us to allocate resources effectively and implement appropriate measures to mitigate identified risks.

Customer Due Diligence (CDD)

We maintain stringent customer due diligence procedures to verify the identity of our customers, understand the nature of their transactions, and assess the associated risks. Enhanced due diligence is conducted for high-risk customers or transactions to ensure compliance with regulatory requirements.

Transaction Monitoring

We employ sophisticated transaction monitoring systems to detect and investigate potentially suspicious activities in real-time. Our dedicated compliance team works diligently to review alerts and escalate any suspicious transactions for further investigation and reporting as required.

Employee Training and Awareness

All our employees are required to undergo extensive training programs to increase awareness of AML and CTF risks, regulations, and how to combat financial crimes. Regular training sessions and updates ensure that our staff members remain vigilant and capable of identifying and reporting suspicious activities.

Collaboration and Reporting

At Tawakal Sii, we maintain continuous open channels of communication with regulatory authorities, law enforcement agencies, and other stakeholders to facilitate cooperation in the fight against money laundering and terrorist financing. We are committed to promptly reporting any suspicious activities to the relevant authorities and assisting in investigations as necessary.

Continuous Improvement

We continuously review and enhance our AML and CTF policies, procedures, and controls to adapt to evolving threats, regulatory requirements, and industry best practices. Our commitment to ongoing improvement reflects our dedication to maintaining the integrity of the financial system.

Consequences of Non-Compliance

Tawakal Sii acknowledges the serious consequences of non-compliance with AML and CTF regulations, including legal, financial, and reputational risks. We are committed to ensuring full compliance with all applicable laws and regulations to protect our customers, stakeholders, and the broader financial community.