Compliance Policy
Compliance Policy
Table of contents

Executive Summary

  1. Introduction
  2. Key Definitions
  3. Principles
  4. Purpose
  5. Role of Oica
  6. General Application of this policy
  7. Scope of Application - Activities
  8. Scope of Application - Persons
  9. Risk-Based Approach
  10. Risk-Based know your customer/counterparty (KYC) and due diligence
  11. Knowing the Customer/Counterparty
  12. Customer/Counterparty due diligence
  13. Beneficial Ownership
  14. Persons Convicted or Subject to Criminal Investigation
  15. Sanctioned and Debarred Persons
  16. Persons Linked to Organised Crime
  17. Persons convicted of illegal tax practices
  18. Politically Exposed Persons
  19. Reputationally Exposed Persons
  20. High Risk Persons
  21. Monitoring Projects where persons are subjected to enhanced due diligence (EDD)
  22. Use of fictitious names
  23. Suspicious Transactions
  24. Shell Banks
  25. Correspondent Banks
  26. Counterparty Compliance
  27. Notification of Compliance
  28. Financial Sanctions
  29. Retention of Records
  30. Training
  31. Review
  32. Oversight and Implementation
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