Certified Gold Exchange, Inc. Corporate Anti-Money Laundering Policy
Updated and revised February of 2014
Thank you for reading the Certified Gold Exchange, Inc., (CGE) Anti-Money Laundering (AML) policy.
Money laundering refers to acts of disguising, concealing or hiding financial proceeds for the purpose of purposely misrepresenting the source of said funds. Included in the act of money laundering is terrorist financing, in which the act of concealment of monies provides funds for terrorism activities through financial institutions.
In recent years, combinations of criminal skills and techniques have increased, varied and adapted/, and we have taken into consideration the importance of the measures against financing of terrorism based on the international community’s backing of ending terrorist threats, be they physical or financial. Hereby we state this official CGE anti-money laundering support policy in order to pledge our dedication to ensuring funds are not channeled for criminal activities.
If the growing and disturbing trend of money laundering continues business owners and consumers alike will be condoning the thieves’ desires to commit future crimes. Furthermore, in addition to an increased level of organized crime in the financial sector it could become common for criminal organizations to exert an influence over legitimate economic activities on both local and national scales.
We must immediately take all necessary precautions to cease the flow of funds for terrorism and terrorist activities as if it is left unchecked it will continue to grow from a nuisance to a devastating threat to the international community.
Consequently, the crucial countermeasure against money laundering and financing of terrorism is for financial institutions to cooperate with one another. That said, all CGE representatives from interns to the CEO must make every possible effort to prevent money laundering as well as its causes and consequences.
CGE adheres completely to all local, state and national laws regarding anti-money laundering policies. The full and official statement of Certified Gold Exchange, Inc., regarding money laundering and the CGE Anti-Money Laundering policy can be found here. We have listed references to Internal Revenue Service (IRS) and Financial Crimes Enforcement Network (FINCEN) policies, guidelines, policies, regulations and laws to all of which we adhere as a company and as individual members the CGE team.
*Our entire staff undergoes initial and regular training to recognize potentially suspicious signals based on professional inquiries and all staff is trained to report such incidents immediately.
*CGE does not accept cash nor do we liquidate in cash. We only accept personal checks and/or company checks pursuant to transactions, as well as bank wire transfers originated in the United States.
*Clients who sell bullion and rare coins to us will receive payment via bank wire or company check. We (CGE) also reserve the right to refuse business for any reason we deem valid.
*Because CGE engages in transactions using exclusively the aforementioned financial instruments and does not deal with any other form(s) of digital and/or tangible currencies we are not a good target for tax cheats and/or money launderers.
*CGE transactions are executed only after the prospect’s identification has been verified by a US-based financial payment via US-originated personal check, business check or bank wire, for security purposes.
*As a further security measure all calls may be monitored and/or recorded for quality and/or training purposes and/or to record and report suspicious activity that may or may not be important to the proper authorities. Said records may be made available to US governing agencies through the CGE management team.
*CGE will also not accept payments/financial instruments that originated outside the US.
*CGE management takes steps to identify and report suspicious activity to the proper authorities. All CGE staff members and sales contractors are trained in recognizing, handling and submitting suspicious behavior to management and the proper and relevant authorities without delay. Our reporting system will be monitored and improved on a regular basis to improve to the highest quality of standards.
IRS – http://www.irs.gov/irm/part9/irm_09-005-005-cont01.html
FinCEN – http://www.fincen.gov/statutes_regs/guidance/html/faq060305.html
Further information regarding the money laundering prevention practices of the Certified Gold Exchange, Inc. may be requested via the Contact Us page of www.certifiedgoldexchange.com or by calling (800) 300-0715 Monday-Friday 9am-6pm CST.