Anti Money Laundering Policy

Effective Date: December 01, 2024

Thunai Care Services is fully dedicated to complying with all applicable Anti-Money Laundering (AML) laws and regulations. We understand the importance of safeguarding our platform and services against potential misuse for illicit financial activities, including money laundering and terrorist financing. As part of our commitment to maintaining the integrity and transparency of our operations, we have established comprehensive policies and procedures designed to prevent, detect, and report suspicious financial activities.

Money laundering refers to the process by which individuals or entities attempt to conceal the origins of illicitly obtained money, typically through a series of complex transactions intended to make the money appear legitimate. Terrorist financing, on the other hand, involves the collection and provision of funds for terrorist activities. Both activities are illegal and pose significant risks not only to financial systems but also to the broader global security landscape.

To mitigate these risks, Thunai Care Services has implemented robust Anti-Money Laundering protocols in accordance with national and international standards. These measures ensure that our platform remains a secure and transparent environment for all users, clients, and business partners.

Compliance and Monitoring

At Thunai Care Services, our AML compliance framework is centered on thorough monitoring, reporting, and preventive practices. These protocols are integrated into all aspects of our financial operations, particularly in relation to payments, client onboarding, and transactional activities.

Our AML procedures include continuous monitoring of all financial transactions processed through our platform. This monitoring is supported by advanced software systems capable of detecting patterns or behaviors that may be indicative of money laundering or other suspicious activity. Such patterns may include, but are not limited to, large or unusually structured transactions, frequent transfers involving high-risk countries, and sudden changes in transaction behavior that deviate from the client’s typical financial activity.

Thunai Care Services utilizes cutting-edge payment processing systems designed to assess and flag transactions that may require additional scrutiny. These systems are capable of conducting thorough risk assessments based on various factors, including transaction amounts, frequency, the geographic origin of funds, and any associated entities. The system is configured to automatically identify red flags such as:

• Transactions that appear unusually large in relation to the customer’s typical spending patterns.
• Multiple small transactions that are structured to evade reporting thresholds.
• Transfers involving jurisdictions known for higher risks of money laundering or terrorist financing.

If any suspicious activity is flagged, our compliance team immediately conducts a detailed review. This review may involve cross-referencing the transaction details with publicly available financial watchlists or consulting third-party services that specialize in AML risk management. In instances where further investigation is warranted, we may ask the client for additional information or documentation to verify the legitimacy of their activities.

Client Due Diligence (CDD) and Verification

One of the key pillars of our AML framework is Client Due Diligence (CDD). CDD refers to the process of verifying the identity of our clients and assessing the risk they may pose in terms of money laundering or terrorist financing. At Thunai Care Services, we require all clients to provide accurate and verifiable identification information during the account creation and payment process.

Our verification process includes:

• Collection of identification details: Clients may be required to submit personal identification documents, such as government-issued IDs, passports, or proof of address, to ensure that their identity is legitimate.
• Risk-based assessment: For higher-risk transactions or clients, we may implement Enhanced Due Diligence (EDD) measures. This could involve requesting more detailed information, such as the client’s financial history, source of funds, or explanations for certain transactions.
• Continuous monitoring: Even after initial verification, clients’ activities are subject to ongoing monitoring to ensure that no suspicious behavior arises over time.

We maintain a strict record-keeping system, ensuring that all customer identification documents and transaction histories are securely stored in compliance with legal retention requirements.

Reporting of Suspicious Activity

Thunai Care Services is committed to full transparency and collaboration with law enforcement and regulatory authorities. In cases where we detect suspicious activity that may indicate money laundering or terrorist financing, we are obligated to report such transactions to the appropriate authorities, including financial intelligence units (FIUs) or regulatory bodies tasked with monitoring financial crime.

Our internal reporting protocols ensure that suspicious activity is promptly escalated to the relevant regulatory body, and we do so without prior notice to the client. This approach is in line with global AML regulations, which mandate that reporting entities must not tip off clients about investigations related to suspected financial crimes. The information we share with authorities is handled with the highest level of confidentiality, and we work closely with law enforcement to support investigations if needed.

Suspicious activity reports (SARs) may include information such as:

• The details of the transaction: Amount, timing, and associated parties.
• The reasons for suspicion: Including any irregular patterns or behaviors that triggered the investigation.
• Client information: Including identification details, transaction history, and any relevant communications.

Once a report has been filed, Thunai Care Services may be required to freeze or suspend the client’s account pending further investigation by the authorities. We fully comply with any legal directives to assist with such investigations and take all necessary steps to prevent continued misuse of our platform.

Ongoing Compliance and Training

AML compliance is not a one-time action but an ongoing process that evolves with changes in financial regulations, risks, and trends in criminal activity. At Thunai Care Services, we regularly update our AML protocols to ensure alignment with the latest legal requirements and best practices.

Additionally, our staff undergo continuous training on AML regulations, risk identification, and reporting processes. This ensures that all employees, particularly those involved in financial transactions and client interactions, are well-equipped to detect and respond to potential red flags.

We also conduct regular audits and reviews of our AML practices to ensure that they remain effective and up to date. By fostering a culture of vigilance and compliance, Thunai Care Services aims to stay ahead of emerging risks in the financial ecosystem.

Cooperation with Regulatory Authorities

Thunai Care Services maintains open communication with relevant regulatory bodies, financial institutions, and law enforcement agencies to ensure that our platform complies with all applicable laws and regulations. In the event of an investigation or legal inquiry, we cooperate fully with these authorities and provide all necessary documentation to support their efforts in combating financial crime.

In summary, our AML policy is designed to protect our platform, clients, and the broader financial system from being exploited for illegal purposes. By implementing strict compliance measures, robust monitoring systems, and comprehensive client verification procedures, Thunai Care Services upholds the highest standards of transparency and integrity.