Anti-Money Laundering

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Horizon Premier Capital – Anti-Money Laundering Statement

At Horizon Premier Capital, we are committed to upholding the highest standards of integrity and compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations and laws. We recognize the importance of preventing the bank from being used as a vehicle for money laundering, terrorist financing, or other illegal activities.

Policy and Commitment

  1. Compliance Obligations: Horizon Premier Capital adheres to all applicable laws, regulations, and guidelines related to AML and CTF. We maintain a robust compliance framework to mitigate the risks associated with money laundering and terrorist financing.
  2. Risk-Based Approach: We employ a risk-based approach to identify, assess, and mitigate potential money laundering and terrorist financing risks. Our risk assessments are regularly reviewed and updated to adapt to changing circumstances and emerging threats.
  3. Customer Due Diligence (CDD): Horizon Premier Capital conducts comprehensive customer due diligence procedures during customer onboarding and throughout the business relationship. We verify customer identities, assess their risk profiles, and monitor transactions to detect suspicious activities.
  4. Enhanced Due Diligence (EDD): Enhanced due diligence measures are applied to higher-risk customers, transactions, and activities. This includes obtaining additional information, conducting ongoing monitoring, and implementing appropriate risk-mitigating controls.

Procedures and Controls

  1. Transaction Monitoring: Horizon Premier Capital employs sophisticated monitoring systems to detect and report unusual or suspicious transactions. Our systems are regularly updated to enhance detection capabilities and compliance efficiency.
  2. Reporting Suspicious Activities: We have established procedures for reporting suspicious activities to the relevant regulatory authorities in accordance with applicable laws and regulations. We ensure timely and accurate reporting of suspicious transactions.
  3. Training and Awareness: All employees undergo regular AML and CTF training to stay informed about the latest developments, regulations, and best practices. This training is designed to enhance awareness and promote a culture of compliance across the organization.
  4. Internal Controls and Governance: We maintain robust internal controls and governance structures to oversee and ensure compliance with AML and CTF policies. Our compliance program is subject to regular internal and external audits to assess its effectiveness.

Collaboration and Cooperation

Horizon Premier Capital recognizes the importance of collaboration and information sharing among financial institutions, regulatory bodies, and law enforcement agencies. We actively engage in initiatives aimed at combating financial crime and participate in information exchange programs to strengthen the global fight against money laundering and terrorist financing.

Conclusion

Horizon Premier Capital remains steadfast in its commitment to preventing money laundering and terrorist financing activities. We continually review and update our AML and CTF policies and procedures to stay abreast of evolving risks and regulatory requirements. We strive to maintain the trust and confidence of our customers and stakeholders by upholding the highest standards of integrity and compliance.