Overview

At CFG-Holdings, we are committed to safeguarding the integrity of the financial system, which millions of individuals and businesses rely on every day. The threats posed by financial crime, including money laundering, fraud, and human trafficking, are significant and can undermine trust in our financial institutions. We recognize that these acts of crime are often interconnected and represent a larger, systemic issue that demands a proactive and robust response.

The Challenge of Financial Crime
Financial crime is a global challenge that costs the world economy billions each year, with far-reaching social implications. As an organization operating across diverse markets, CFG-Holdings understands that our responsibility goes beyond compliance; it extends to actively contributing to the fight against financial crime.

Our Commitment
We acknowledge that ensuring the security and integrity of our financial operations is paramount. CFG-Holdings has made substantial strides in enhancing our capabilities to combat financial crime through rigorous policies, strategic partnerships, and advanced systems. Our commitment is to conduct business only with customers who meet our stringent standards for integrity and transparency. We have proactively severed ties with customers where the risks of financial crime could not be effectively managed.

Understanding Our Customers
Knowing our customers thoroughly is critical to our strategy for preventing financial crime. CFG-Holdings prioritizes accurate, up-to-date, and comprehensive customer information, enabling us to detect and respond to potential criminal activities more effectively. Our Customer Due Diligence Program is designed to ensure that we understand the nature of our customers’ activities, thereby strengthening our defenses against financial crime.

Preventive Initiatives
We have initiated a series of comprehensive measures to protect our customers and the financial system. These initiatives include:

• Enhanced Due Diligence: We conduct rigorous assessments of high-risk customers and transactions to mitigate exposure to financial crime.
• Ongoing Monitoring: Our systems continuously monitor transactions for suspicious activities, allowing us to act swiftly when needed.
• Employee Training: We invest in regular training programs for our employees to raise awareness about the latest financial crime threats and prevention strategies.

Looking Ahead
As the landscape of financial crime evolves, CFG-Holdings is committed to adapting our strategies and improving our risk management capabilities. Our goal is to be a recognized leader in combating financial crime, leveraging our resources and expertise to contribute positively to the economies and communities we serve.

Through intelligence-led financial crime risk management, we aim to enhance our effectiveness in identifying and mitigating risks, ensuring the safety and security of our financial operations and those of our customers.

Conclusion
At CFG-Holdings, our responsibility extends beyond profit-making; we are dedicated to maintaining the highest standards of integrity and transparency in all our operations. By taking a proactive stance against financial crime, we aim to build trust with our stakeholders and contribute to a safer, more secure financial environment for everyone.