Anti Money Laundering Policy

OMNI NOVAS Groups, LLC Anti-Money Laundering Policy

1. Introduction

• OMNI NOVAS Groups, LLC is committed to preventing money laundering and the financing of terrorism through its operations. This policy outlines the steps we take to identify and mitigate AML risks.

2. Legal Framework

• We will operate in compliance with all applicable AML laws, regulations, and guidelines, including US Federal Regulations.

3. Risk Assessment

OMNI NOVAS Groups, LLC will regularly assess and identify AML risks associated with its operations and take measures to mitigate these risks.

4. Customer Due Diligence (CDD)

• We will establish and maintain risk-based CDD procedures for verifying the identity of customers, including Know Your Customer (KYC) requirements.
• Enhanced CDD will be applied to higher-risk customers and transactions.

5. Suspicious Activity Reporting

• All employees are obligated to report any suspicious transactions or activities to the designated AML compliance officer.
• We will maintain records of these reports and make appropriate disclosures to regulatory authorities as required.

6. Record Keeping

OMNI NOVAS Groups, LLC will retain records of customer identification, transactions, and reports of suspicious activities for the prescribed period as required by law.

7. Training and Awareness

• We will provide AML training and awareness programs to employees to ensure they understand the policy and their responsibilities.

8. Reporting and Communication

• We will promptly report any breaches of this AML policy to the appropriate authorities and senior management.

9. Compliance Officer

• We will appoint a designated AML compliance officer responsible for overseeing and enforcing this policy.

10. Sanctions

OMNI NOVAS Groups, LLC will implement sanctions screening to ensure that it does not engage with entities or individuals on international sanctions lists.

11. Ongoing Monitoring

• We will conduct ongoing monitoring of customer accounts and transactions to identify any unusual or suspicious activities.

12. Review and Updates

• This AML policy will be reviewed and updated as necessary to reflect changes in regulations and our risk profile.

13. Enforcement

• Non-compliance with this AML policy may result in disciplinary action, including termination of employment or legal actions.

14. Contact Information

• email: aml@omninovas.com

This policy is subject to regular review and updates to ensure its effectiveness in preventing money laundering and terrorist financing.

Latest update: 01/01/2024