Effective on January 1, 2025

1. Introduction

At Venice Digital Consulting LLC, we are committed to maintaining the highest standards of integrity and compliance with all applicable laws and regulations, including those related to anti-money laundering (AML) and countering the financing of terrorism (CFT). This Anti-Money Laundering Policy outlines our commitment to preventing the use of our services for illegal financial activities and provides guidance to our employees, contractors, directors, and officers on their responsibilities in this regard.

2. Compliance with AML/CFT Laws and Regulations

Venice Digital Consulting LLC is committed to complying with all applicable AML/CFT laws and regulations in the jurisdictions where we operate. This includes but is not limited to the Bank Secrecy Act (BSA) and the USA PATRIOT Act in the United States, as well as similar laws and regulations in other countries.

3. Customer Due Diligence (CDD)

a. Know Your Customer (KYC): We will implement robust KYC procedures to verify the identity of our clients and assess the risks associated with their business activities. This includes obtaining identification documents, understanding the nature of their business, and monitoring transactions for unusual or suspicious activity.

b. Enhanced Due Diligence (EDD): Enhanced due diligence will be conducted for clients deemed to pose a higher risk of money laundering or terrorism financing. This may include additional verification measures and ongoing monitoring of the client relationship.

4. Reporting of Suspicious Activities

All employees, contractors, directors, and officers of Venice Digital Consulting LLC are required to promptly report any suspicious activities or transactions that may be indicative of money laundering, terrorism financing, or other illegal activities. Reports should be made to the designated AML compliance officer or the appropriate regulatory authorities as required by law.

5. Training and Awareness

We will provide regular training and awareness programs to ensure that all employees, contractors, directors, and officers understand their obligations under this AML Policy and are equipped to identify and report suspicious activities effectively. Training will cover topics such as recognizing red flags, conducting due diligence, and complying with reporting requirements.

6. Record-Keeping

Venice Digital Consulting LLC will maintain accurate and up-to-date records of customer due diligence activities, transaction monitoring, and any reports of suspicious activities as required by law. These records will be retained for the specified period as mandated by applicable regulations.

7. Compliance Monitoring and Review

We will implement procedures to monitor compliance with this AML Policy, including regular reviews of customer due diligence files, transaction monitoring reports, and adherence to reporting obligations. Compliance with this policy will be periodically reviewed and evaluated to ensure its effectiveness.

8. Whistleblower Protection

Venice Digital Consulting LLC is committed to protecting whistleblowers who report suspected instances of money laundering, terrorism financing, or other illegal activities in good faith. Retaliation against whistleblowers is strictly prohibited and will result in disciplinary action.

9. Amendments and Updates

This AML Policy may be amended or updated from time to time as necessary to reflect changes in laws, regulations, or Company policies. Any amendments or updates will be communicated to all affected individuals in a timely manner.

By adhering to this AML Policy, individuals subject to its provisions help to safeguard the integrity of Venice Digital Consulting LLC’s operations and contribute to the broader efforts to combat financial crime and illicit activities.

If you need to know more about Anti Money Laundering Policy read other resources. If you have any comments or question to our Anti Money Laundering Policy let us know.