Overview Feedzai’s Trade Sanctions and AML Policy

Feedzai Group is unwavering in its commitment to compliance with trade sanctions and anti-money laundering (AML) laws. The Trade Sanctions and AML Policy (full text is Company-Private and not publicly available) applies to all individuals associated with Feedzai and outlines strict adherence to various laws, including U.S. sanctions, UN and EU sanctions, and more. It extends its reach to agents, representatives, and business partners.

The policy specifically addresses trade sanctions, emphasizing compliance with OFAC’s regulations, including country-specific, list-based, and sectoral sanctions. It places restrictions on transactions involving sanctioned countries or entities on OFAC Lists.

To ensure compliance, Feedzai implements a Know Your Customer (KYC) procedure for screening clients and business partners, and a Know Your Vendor (KYV) procedure for screening its service providers, against OFAC Lists and other restricted party lists, promoting adherence to legal requirements.

The policy delves into the definition and stages of money laundering, emphasizing the importance of engaging only with reputable and legitimate clients, business partners, and service providers to avoid any association with illegal activities.

Reporting mechanisms for suspicious transactions are established, encouraging the report of any actual or suspected AML violations through the Feedzai Hotline, ensuring confidentiality and protection against retaliation for those acting in good faith.

The policy mandates compliance procedures and training programs for employees, promoting a thorough understanding of the requirements and obligations of Sanctions and AML Laws. The Compliance Officer oversees the policy’s implementation.

In a nutshell, the policy reflects Feedzai’s commitment to legal and ethical business practices, setting clear expectations for compliance with trade sanctions and anti-money laundering laws across all facets of its operations.