Cambridge Mercantile Group (“Cambridge”) is committed to assisting governments combat the threat from money laundering and terrorist financing activities around the world. To that end, we have put in place a compliance regime that incorporates international standards and best practices as well as all relevant requirements of money laundering and counter-terrorist legislation in the jurisdictions in which we do business.
As part of our compliance regime, Cambridge has prepared and implemented policies and procedures to detect, prevent and report suspicious activities and transactions. Our Compliance team verifies and documents the identity of every client and tracks and maintains detailed records of all transactions. We conduct periodic reviews of the effectiveness of our policies and procedures and provide ongoing compliance training to all our staff.
We have subscribed to, and implemented the World-Check Inc. due diligence database into our screening and risk management procedures. World-Check is a leader in risk management and due diligence screening and has become the industry standard for such due diligence procedures. World-Check's extensive database of some 800,000 names of undesirable persons and entities - including money launderers, drug dealers, organized criminals, financial fraud perpetrators, terrorists and politically exposed persons - is culled from worldwide sources and updated twice daily.