Does the entity retain the information and documents related to KYC and AML/CFT, including STRs/SARs as required by the law of land? If yes what is the record retention period? Does the entity’s KYC/ Customer Identification Procedure AML policy incorporated Customer Acceptance Policy following elements? SDD/EDD Supervision & Monitoring of Transactions Record Keeping/ Retention Reporting Responsibility Policies & Procedures on Wire Transfer Risk Management Policies and Procedures on Cross border Correspondent Banking & Wire Transfer Prohibition on Tipping Off and Protection from Liability Are the entity’s AML policies and practices being applied to all branches and subsidiaries of the entity both in the home country and in international market? In addition to the inspections by the government supervisors/ regulators, does the institution have an internal audit function or other independent third party that assesses AML Policies and Practices on a regular basis? What is the frequency of AML audit carried out by internal auditors? Does your Regulatory Supervisory Authority conduct regulatory examination on a regular basis, to assess your AML, CFT and Sanctions Compliance policies and procedures? If yes, what is the frequency of such regulatory examinations and when was such last exam conducted? State the sanction lists that the entity is currently using. (OFAC/UN SANCTION/US SANCTION/HMT/SDN/ETC) PEP/HIGH RISK What is the current PEP screening process? Automated Manual Others If the screening process is automatic, state the details, if manual, please mention the procedures. What is the current Sanctions screening Automated Manual Others process of entity? If the screening process is automatic, state the details, if manual, please mention the procedures. KNOW YOUR CUSTOMER, DUE DILIGENCE AND ENHANCED DUE DILIGENCE
Does the entity retain the information and documents related to KYC and AML/CFT, including STRs/SARs as required by the law of land? If yes what is the record retention period? Does the entity’s KYC/ AML policy incorporated following elements? Customer Identification Procedure Customer Acceptance Policy SDD/EDD Supervision & Monitoring of Transactions Record Keeping/ Retention Reporting Responsibility Policies & Procedures on Wire Transfer Risk Management Policies and Procedures on Cross border Correspondent Banking & Wire Transfer Prohibition on Tipping Off and Protection from Liability Are the entity’s AML policies and practices being applied to all branches and subsidiaries of the entity both in the home country and in international market? In addition to the inspections by the government supervisors/ regulators, does the institution have an internal audit function or other independent third party that assesses AML Policies and Practices on a regular basis? What is the frequency of AML audit carried out by internal auditors? Does your Regulatory Supervisory Authority conduct regulatory examination on a regular basis, to assess your AML, CFT and Sanctions Compliance policies and procedures? If yes, what is the frequency of such regulatory examinations and when was such last exam conducted? State the sanction lists that the entity is currently using. (OFAC/UN SANCTION/US SANCTION/HMT/SDN/ETC) PEP/HIGH RISK What is the current PEP screening process? Automated Manual Others If the screening process is automatic, state the details, if manual, please mention the procedures. What is the current Sanctions screening process of entity? Automated Manual Others If the screening process is automatic, state the details, if manual, please mention the procedures. KNOW YOUR CUSTOMER, DUE DILIGENCE AND ENHANCED DUE DILIGENCE
Sunrise%20KYC%20AML%20CFT%20Questionnaire.docx