The 5%ers AML Policy

Anti-money laundering policy

Updated on: September 2024

Five Percent Online Ltd. is firmly committed to preventing money laundering, terrorist financing, and other financial crimes and acts in strict adherence to applicable law and international standards. Our comprehensive AML policy is built on the following key principles:

  1. Legal Compliance: We operate in full compliance with the Israeli anti-money laundering legislation, which is aligned with the standards set by the Financial Action Task Force (FATF) and other applicable laws.
  2. Risk-Based Approach: Our AML procedures employ a robust risk-based approach to identify, assess, and mitigate money laundering and terrorist financing risks associated with our business activities.
  3. Restricted Jurisdictions: We restrict access to our services based on compliance and risk-based approach for users from certain jurisdictions. The list of restricted jurisdictions varies from time to time. The list of the restricted jurisdictions is available at the Terms of Use: https://the5ers.com/terms-and-conditions/.
  4. Customer Due Diligence: We implement rigorous Know Your Customer (KYC) procedures to verify certain user identities and assess their risk  profiles accurately based on our internal procedures.
  5. Ongoing Monitoring: We conduct continuous monitoring of transactions and business relationships to swiftly detect any suspicious activities.
  6. Record Keeping: We maintain meticulous and comprehensive records of all transactions and customer information as mandated by law.
  7. Staff Training: Our employees undergo regular, thorough training on AML regulations, potential red flags, and proper reporting procedures.
    At Five Percent Online Ltd., we are dedicated to upholding the highest standards of integrity and ethical business practices. We regularly review and update our AML policies and procedures to ensure their continued effectiveness in combating financial crime and maintaining the trust of our stakeholders.

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