Comply with the Know Your Customer (KYC), Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) Policies and Procedures under Section 7 of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) as guided by the Hong Kong Monetary Authority (HKMA).
It is Ten Success's policy to comply with all applicable legal requirements of the Hong Kong Monetary Authority (HKMA) to prohibit and prevent money laundering as well as any activity that contributes to money laundering or the financing of terrorist or criminal activities. Money laundering is generally defined as engaging in conduct designed to disguise or obscure the true source of proceeds of crime so that the proceeds appear to be derived from a legitimate source or constitute a legitimate asset. Terrorist financing may not involve the proceeds of criminal conduct, but rather an attempt to disguise the source or intended use of the funds. Although the motivations of traditional and terrorist money launderers differ, the actual methods used to finance terrorist operations can be the same or similar to the methods used by other criminals to launder money. Financing a terrorist attack does not always require large amounts of money, and the transactions may not be complicated.
Our anti-money laundering policies, procedures and internal controls are designed to ensure compliance with all applicable statutes, rules and laws and will be reviewed and updated periodically to ensure that appropriate policies, procedures and internal controls are in place to respond to changes in regulations and in both aspects of our business.
Tencent will protect itself from money laundering or suspicious activities by complying with AML and KYC rules and regulations in the jurisdictions in which it operates or sells products or services into such jurisdictions and by establishing relevant KYC and AML policies in accordance with the following policies:(1) Tencent will perform an enterprise-wide risk assessment to determine the Company's risk profile. Tencent will establish KYC, AML and CFT policies and procedures which will be reviewed and approved by Tencent.
(2) Ten Success will implement internal controls to minimize the risk of money laundering throughout its operations, including the designation of a responsible officer for anti-money laundering.
(3) Ten Success will from time to time update Ten Success's internal guidelines in accordance with international standards and implement KYC procedures for all fund subscribing clients in accordance with the guidelines.