Anti-Money Laundering and Counter-Terrorism Financing PolicyAnti-Money Laundering and Counter-Terrorism Financing Policy
HFC strictly adheres to the ‘Anti-Money Laundering Act,’ ‘Counter-Terrorism Financing Act,’ ‘ Regulations Governing Anti-Money Laundering of Financial Leasing Enterprises,’ ‘ Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Financial Leasing Enterprises,’ and establishes a sound anti-money laundering and counter-terrorism financing mechanism. Various anti-money laundering and counter-terrorism financing procedures are formulated to ensure a robust anti-money laundering system.HFC strictly adheres to the ‘Anti-Money Laundering Act,’ ‘Counter-Terrorism Financing Act,’ ‘ Regulations Governing Anti-Money Laundering of Financial Leasing Enterprises,’ ‘ Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Financial Leasing Enterprises,’ and establishes a sound anti-money laundering and counter-terrorism financing mechanism. Various anti-money laundering and counter-terrorism financing procedures are formulated to ensure a robust anti-money laundering system.
Anti-Money Laundering and Counter-Terrorism Financing Measures and Three Lines of DefenseAnti-Money Laundering and Counter-Terrorism Financing Measures and Three Lines of Defense
The Screening Procedures of Anti-Money Laundering and Counter-Terrorism FinancingThe Screening Procedures of Anti-Money Laundering and Counter-Terrorism Financing
Reporting of Suspicious TransactionsReporting of Suspicious Transactions
Conducting Education and Training to Enhance Risk AwarenessConducting Education and Training to Enhance Risk Awareness
To ensure that frontline employees have heightened sensitivity to issues related to anti-money laundering and counter-terrorism financing, and to ensure that they can promptly identify high-risk cases during business operations, Ho-Run Enterprise continuously adopts a top-down approach to ‘enhance market risk awareness and improve case review and assessment capabilities.’ Please refer to the table below for relevant education and training information.To ensure that frontline employees have heightened sensitivity to issues related to anti-money laundering and counter-terrorism financing, and to ensure that they can promptly identify high-risk cases during business operations, Ho-Run Enterprise continuously adopts a top-down approach to ‘enhance market risk awareness and improve case review and assessment capabilities.’ Please refer to the table below for relevant education and training information.
| Topic | Implementation |
| BOD education | Annual anti-money laundering and counter-terrorism financing education and training, with mandatory participation by all directors. |
| Enhance market risk awareness | Regular meetings to share macroeconomic information (interest rates, exchange rates, fiscal and monetary policies) to enhance sensitivity to overall economic trends |
| Improve case review and assessment capabilities | 1. Regular group meetings for discussion and exchange 2. Discussion of default cases and special difficult cases 3. Other on-the-job training (1) Content: Including product knowledge, industry knowledge, industry dynamic information, credit risk judgment and analysis, financial analysis, understanding and evaluation of movable equipment, professional knowledge and valuation of real estate, etc. (2) Method: Regularly scheduled topics shared by internal colleagues, and irregularly inviting external lecturers to give lectures. |