Anti-Money Laundering & Anti-terrorist Financing Compliance
Our employees are trained in anti-money laundering and anti-terrorist financing upon employment by the Company and on an annual basis thereafter. Further, those employees with direct agent contact, in addition to those employees working in the operational and internal control areas of the institution, receive enhanced anti-money laundering and anti-terrorist financing training on a periodic basis.
Agents are trained in anti-money laundering and anti-terrorist financing upon being activated as an agent. Additionally, our agent compliance programs are periodically reviewed and tested using a risk-based selection to assure compliance with LATIN EXPRESS’s anti-money laundering and anti-terrorist financing policies, as well as applicable laws, rules and regulations. Agents also receive periodic enhanced training for the purpose of ensuring their awareness of current issues in the anti-money laundering and anti-terrorist financing environment, as well as to reinforce their knowledge concerning LATIN EXPRESS’s policies and procedures.
LATIN EXPRESS approaches monitoring from a risk-based perspective and develops controls to detect and prevent money laundry activity. LATIN EXPRESS program consists of layers of controls, which include front-end and back-end monitoring designed to interdict transactions that, based on internally and externally developed criteria. In addition, LATIN EXPRESS conducts extensive “backend monitoring” of transactions that facilitates timely and accurate filing of suspicious transaction reports, large cash transaction reports, and terrorist property reports as required by applicable laws, rules, and regulations.
Generally, the monitoring of consumer transaction activity is based on the identification of suspect activity, such as high numbers or amounts of transactions, structuring of transactions, concentration and disbursement of transactions and fund flows to/from high-risk countries.
Latin Express recognizes its duty and responsibility as an active participant of the global cooperative against terrorism and criminal financing, and filters millions of transactions each year against relevant sanctions lists in its commitment to meet this obligation.
Internal Audit is responsible for independently reviewing and verifying the compliance of LATIN EXPRESS’s business units with the business-wide anti-money laundering and anti-terrorist financing policies and underlying procedures.
Privacy of Minors
LATIN EXPRESS website is intended for adults only and does not knowingly collect any information from person under the age of 18.
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Website Terms and Conditions
LATIN EXPRESS is not responsible for the content or privacy practices of any third parties via links provided on this website.
Disclaimer of Warranties
THE INFORMATION CONTAINED IN THIS WEB SITE MAY CONTAIN ERRORS OR INACCURACIES, AND IS PROVIDED TO YOU “AS IS,” FOR YOUR INFORMATIONAL PURPOSES ONLY, WITHOUT WARRANTY OF ANY KIND, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU. IN NO EVENT WILL LATIN EXPRESS FINANCIAL SERVICES ARGENTINA (LATIN EXPRESS) BE LIABLE TO ANY PARTY FOR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES, RELATING TO OR ARISING OUT OF THE USE OF THIS WEB SITE, INCLUDING SPECIFICALLY ANY LOST PROFITS, BUSINESS INTERRUPTION OR LOSS OF DATA, EVEN IF MONEYGRAM IS EXPRESSLY ADVISED ABOUT THE POSSIBILITY OF SUCH DAMAGES.