Anti-Money Laundering/Counter Financing Of Terrorism (AML/CFT) Policy LuLu Money (Malaysia) Sdn. Bhd. maintains continuous initiatives and efforts in the prevention of the use of its services for illicit, laundering and terrorism financing activities.
The Company demonstrates its full commitment and support to high standards of compliance with the Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) requirements by establishing robust and comprehensive policy, procedures, processes and systems for the prevention and detection of money laundering and terrorist financing activities.
The enterprise-wide AML/CFT programme adopting a risk-based approach is subject to periodic reviews to ensure that it remains robust and complies with the requirements of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA 2001), regulatory guidelines, the Financial Action Task Force (FATF) Recommendations as well as other applicable International best practices.
The Company is strongly committed in ensuring compliance with AML/CFT Policy as well as applicable AML/CFT legislations in adopting the most rigorous standards.