Anti Money-Laundry Policy

At Lerner Pratt, safety and security are our top priorities.

The purpose of this Anti-Money Laundering (AML) Policy is to outline the commitment of Lerner Pratt to prevent, detect, and report any activities that may involve money laundering or terrorist financing. This policy aims to ensure compliance with applicable laws and regulations.

Scope

Our AML policy, at Lerner Pratt applies to all employees, officers, and directors of Lerner Pratt, as well as any third parties acting on behalf of the company

Risk Assessment

Lerner Pratt will conduct a comprehensive risk assessment to identify and assess potential risks related to money laundering. This includes evaluating risks associated with:

• Customers
• Geographical locations
• Products and services offered

Customer Due Diligence (CDD)

Lerner Pratt will implement Customer Due Diligence procedures, including::

• Identification and Verification: Collecting and verifying information to establish the identity of customers.
• Understanding Customer Activities: Gathering information about the nature and purpose of the customer’s business.
• Ongoing Monitoring: Continuously monitoring customer transactions to identify any unusual activity.

Transaction Monitoring

Lerner Pratt will maintain a transaction monitoring system to identify suspicious transactions. This includes:

• Regular reviews of transaction patterns.
• Setting thresholds for alerts on unusual activity.
• Investigating alerts and documenting findings.

Reporting Suspicious Activity

Employees are required to report any suspicious activity to the designated AML Compliance Officer. Lerner Pratt will:

• File Suspicious Activity Reports (SARs) with the appropriate authorities when necessary.
• Maintain confidentiality regarding any reports made.

Employee Training

All employees will undergo AML training upon hiring and at regular intervals thereafter. Training will cover:

• Identification of suspicious activities.
• Regulatory requirements.
• Company policies and procedures regarding AML.

Record Keeping

Lerner Pratt will maintain comprehensive records of:

• Customer identification information.
• Transaction details.
• Reports of suspicious activities.
• Training records.

Records will be retained for a minimum of [insert duration] years, or as required by law.

Compliance Officer

Lerner Pratt will appoint an AML Compliance Officer responsible for:

• Overseeing the implementation of the AML policy.
• Ensuring compliance with applicable regulations.
• Serving as the point of contact for AML inquiries.

Policy Review

This AML Policy will be reviewed annually or whenever there are significant changes to laws or business operations. Any updates will be communicated to all employees.

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Conclusion

Lerner Prattt is committed to maintaining the highest standards of integrity and compliance. All employees are expected to adhere to this AML policy and report any concerns regarding potential money laundering activities.

CONTACT US

For questions, comments, or suggestions regarding Lerner Pratt's Privacy Policy, or your personal information, please reach out to us by phone at (888) 203-0264 or via email at info@lernerpratt.com.