1. Company policy Langsheng Exchange Inc. prohibits and actively prevents money laundering, as well as the promotion of money laundering, terrorist financing, and criminal activities, in compliance with the Bank Secrecy Act (BSA) and all applicable regulatory requirements implementing regulations. Our anti-money laundering policies, procedures and internal controls are designed to ensure all applicable BSA regulations and applicable regulatory requirements, and will be regularly reviewed and updated to ensure appropriate policies, procedures and internal measures are in place to address regulations and business aspects of changes.
2. Designation and accusation of the anti-money laundering compliance team The company has a special anti-money laundering plan compliance team that is fully responsible for the company's anti-money laundering plan. Our team has knowledge of anti-money laundering regulations and has passed knowledge training. The tasks of the AML Compliance Team include monitoring and reporting on the company's compliance with AML obligations, overseeing the communication and training of employees, and actively participating in business decisions to ensure the company's compliance with AML compliance. The AML Compliance Officer will also ensure that the company maintains and maintains all required AML records and will ensure Suspicious Activity Reports (SARs) are filed with the Financial Crimes Enforcement Network (FinCEN) where appropriate.
3. Provision of Anti-Money Laundering Information to Federal Law Enforcement Agencies and Other Financial Institutions