WLXT is the token of Wallex on Ethereum and BNB Chain, which offers financial solutions designed with a compliant, regulated and secure architecture that helps take advantage of the digital transformation. It has the following features:
- Focus on due diligence. We believe that every financial institution has to have due diligence procedures that follow both their own and their customer’s compliance demands.
- Roles and responsibilities. Having an experienced AML compliance officer / Money Laundering Reporting Officer (MLRO) to take over all things compliance.
- Suspicious Activities Reporting
- Suspicious transactions must be reported to the management first. Then, based on the evidence at hand, the MLRO is supposed to decide whether it is necessary to report it to the appropriate Supervisory Authority or not.
- Employees education on ML and TF activity recognition and reaction
- The employee training program has to be designed to meet the requirements of the company and should be scheduled in accordance with the changes in legislation or after a criminal case takes place.
