AML & CFT Policy
AML & CFT Policy
Financial institutions may be exposed to risks where individuals attempt to misuse financial services to disguise or transfer funds derived from unlawful activities. Recognizing these risks, Century Finance Company Limited has established internal controls and compliance measures designed to identify, monitor, and mitigate activities associated with money laundering and terrorist financing. Our Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework supports the protection of the financial system and promotes responsible and transparent business practices.
Century Finance maintains policies and procedures aimed at preventing the misuse of our services for illegal activities, including money laundering, terrorist financing, fraud, and other financial crimes. Our AML/CFT framework provides guidance and controls to help ensure that our operations are conducted in a compliant and responsible manner.
We are committed to maintaining strong compliance standards and integrating AML/CFT principles into our business operations. This commitment reflects not only our regulatory responsibilities but also our dedication to protecting customers, preserving stakeholder confidence, and upholding the integrity of our institution.
Century Finance complies with applicable laws, regulations, and directives issued by relevant authorities in Myanmar, including requirements related to anti-money laundering and counter-terrorism financing. Where practical and appropriate, we also seek to align with internationally recognized standards and best practices to strengthen our compliance framework and risk management processes.
AML & CFT Framework
AML & CFT Framework
A strong Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) framework requires a comprehensive set of controls, processes, and governance measures working together effectively. The overall strength of the framework depends on the consistent implementation and coordination of each component across the organization.
At Century Finance Company Limited, we apply a structured and risk-based approach to identify and mitigate potential risks associated with money laundering, terrorist financing, and other unlawful activities. Through ongoing monitoring and preventive measures, we aim to detect unusual activities and maintain a secure and transparent operating environment.
Our AML/CFT program includes customer due diligence procedures, transaction monitoring practices, internal controls, and regular employee awareness and training initiatives. These measures support our efforts to better understand customer relationships, identify unusual patterns, and respond appropriately to emerging risks. We continuously review and enhance our processes to strengthen the effectiveness of our compliance framework.
Where activities or transactions raise concerns, we follow established internal escalation and reporting procedures in accordance with applicable regulatory requirements. This process helps ensure that matters are addressed promptly and managed through appropriate channels.
By maintaining effective AML/CFT controls, Century Finance seeks not only to meet regulatory obligations but also to support the integrity of the financial system, protect stakeholder interests, and uphold responsible business practices.