First Finance International Bank has several policies covering anti-money laundering ("AML"), client due diligence, and terrorist financing. Policies have been implemented to ensure compliance with recent anti-money laundering laws and regulations that meet with Financial Action Task Force ("FATF") international standards. Regulatory obligations cover the reporting of suspicious transactions, large cash transactions, electronic fund transfers, cross border movements of cash, monetary instruments, client identification, and terrorist financing.
First Finance International Bank defines money laundering as any act or attempt to disguise the source of money derived from criminal activity. First Finance International Bank is committed to preventing the use of financial services for money laundering purposes. Only those clients whose activities are reasonably established, are accepted. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT — To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
First Finance International Bank has established processes to identify and investigate unusual activities and transactions. All activities and reasonably suspected transactions related to money laundering will be reported to a the Chief Compliance Officer.
First Finance International Bank takes reasonable and appropriate measures to establish identities of clients and others for who they may provide financial services.
First Finance International Bank records the measures taken to identify clients and retain records of the due diligence for at least five (5) years after the account in question is closed.
First Finance International Bank has developed policies and procedures regarding compliance with economic sanctions and anti-terrorism legislation.
First Finance International Bank performs annual internal reviews of policies and procedures regarding anti-money laundering, anti-terrorism, economic sanctions, and client due diligence to ensure compliance and evaluate continued effectiveness.
First Finance International Bank does not participate in unethical marketing practices including use of links in connection with Website-Scraping, Spam, Phishing, Phreaking or other illegal practices. Any affiliate identified as advertising in an illegal or unethical manner will immediately be placed under review. Any commissions will be withheld until further investigation is complete. Based on results of such investigation we reserve the right to disqualify such persons from any ongoing participation in the First Finance International Bank Card affiliate program and from receiving commissions.
AML updated May 29, 2018.
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