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Fraud Prevention Policy

GFIS LLC Fraud Prevention Policy Effective Date: 08/31/2025 Applicability:  All employees, contractors, and third-party service providers 1. Purpose To establish controls that prevent, detect, and respond to fraudulent activities affecting  GFIS LLC , including: Financial fraud  (fake invoices, payment scams, embezzlement). Identity fraud  (fake clients, stolen credentials). Cyber fraud  (phishing, ransomware, data breaches). Internal fraud  (employee misconduct, unauthorized transactions). 2. Fraud Risk Assessment High-risk areas identified: Client onboarding  (fake identities, shell companies). Payment processing  (fraudulent transfers, chargebacks). Bank account management  (unauthorized withdrawals). Tax filings  (false information submitted by clients). Mitigation strategies: Multi-factor authentication (MFA)  for all financial transactions. Segregation of duties  (no single employee controls payments alone). Regular audi...
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AML/CTF Compliance Policy

 GFIS   LLC AML/CTF Compliance Policy Effective Date:  07/01/2025 Applicability:  All employees, contractors, and third-party partners 1. Risk Assessment & Compliance Framework Jurisdictional Risks : Due to cross-border transactions, the company will assess risks associated with: High-risk countries (FATF black/grey lists). Clients from sanctioned jurisdictions (OFAC, EU, UN lists). Cryptocurrency or cash payments (if accepted). Regulatory Obligations : Comply with  U.S. Bank Secrecy Act (BSA)  and  FinCEN  requirements (even if operating overseas). Follow  FATF Recommendations  for global AML/CFT standards. Adhere to local AML laws in jurisdictions where banking occurs. 2. Customer Due Diligence (CDD) A. Identification & Verification (KYC) Individual Clients : Collect: Full name, date of birth, nationality. Government-issued ID (passport, driver’s license). Proof of address (utility bill, bank statement). Business Clients :...
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