Terms of service
Introduction
It is in the policy of TellerOne Inc to actively prohibits and prevents money laundering and the funding of terrorist or
criminal activities. Money laundering is generally defined as the concealment of the origins of illegally obtained
money, typically utilizing transfers involving foreign banks or legitimate businesses. TellerOne’s AML policy conforms
with the tenets of the rules enacted by the U.S Department of Treasury, Financial Crimes Enforcement Network, 31 CFR
part 103, Section 120.140c, under the Bank Secrecy Act (BSA) and its implementing regulations.
Considering the risks associated with carrying out our business; our AML policies, practices, and internal controls are
designed to ensure compliance with all applicable BSA regulations and FINRA rules and will be reviewed and updated
regularly to ensure appropriate policies, practices and internal controls are in place to account for both changes in
regulations and changes in our business.
TellerOne has an effective transaction monitoring system that reports suspicious financial transactions at every point
in time.
In the same vein, we have appointed an AML Compliance Officer who will be responsible to lead our AML Committee,
ensuring that the AML program is executed in a manner that is efficient and training employees in the program and
related processes.
The AML Compliance Person will also ensure that the firm keeps and maintains all the required AML records and will
ensure that Suspicious Activity Reports (SARs) are filed with the Financial Crimes Enforcement Network (FinCEN) when
appropriate.
The AML Compliance Person is vested with full responsibility and authority to enforce the firm’s AML program. The AML
compliance officer will also ensure that all employees serve as money laundering watchdogs and whistle-blowers, with the
responsibility of exposing all activities that may appear suspicious.
For more information about TellerOne’s AML program and related processes, please contact [email protected]
