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Anti-Money Laundering (AML) & Counter-Terrorism Financing Commitment (CFTC)
Overview
X Capital Group Sdn Bhd, is firmly committed to preventing money laundering and the financing of terrorism—serious crimes that cause significant harm to society. We uphold the highest standards of regulatory compliance and industry best practices, implementing robust systems and controls equivalent to those in regulated sectors such as banking.
Our dedication to combating these threats is guided by the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA) and other relevant Malaysian laws, regulations, and guidelines.
Core Objectives
We have established comprehensive processes and procedures to:
- Detect, deter, and report money laundering or terrorism financing activities to Bank Negara Malaysia.
- Mitigate and manage any actual or potential exposure to financial crime.
- Ensure strong governance through effective procedures and internal controls.
- Protect the assets and reputation of X Capital Group Sdn Bhd.
Customer Acceptance & Due Diligence
We adopt a risk-based approach in assessing all potential and existing clients. Customers are rated and categorised based on the risk of money laundering or terrorism financing, taking into account:
- Country of origin and business location
- Background and profile
- Nature of business
- Ownership structure
Customer Due Diligence (CDD) is applied to every new client, while Enhanced Due Diligence (EDD) is conducted for higher-risk profiles, such as those involving large transactions or Politically Exposed Persons (PEPs). Existing client profiles are reviewed periodically to ensure accuracy.
We will not initiate or continue business relationships with individuals or entities that fail to meet our CDD requirements.
Screening Measures
As part of our CDD process, all new and existing customers are screened against:
- Our internal watchlist, which contains individuals and companies flagged or blacklisted.
- Databases of Politically Exposed Persons and sanctioned, suspected, or convicted individuals/entities.
Transaction Monitoring & Detection
We utilise systems to monitor and review transactions for signs of suspicious activity, considering:
- Whether the volume, pattern, and purpose of transactions align with a customer’s profile and investment objectives.
- If transaction amounts are consistent with the customer’s occupation and nature of business.
Payment Policy
X Capital Group Sdn Bhd enforces a strict no-cash and no third-party payment policy:
- All investment payments must come directly from the customer’s personal bank account.
- All payouts are made directly to the customer’s personal bank account.
- We reserve the right to request additional documents or information to ensure compliance with this policy.
Training & Awareness
We provide continuous AML/CTF training to all employees and agents, with a special focus on front-line staff who face higher risks of exposure.
Training sessions are held regularly to ensure staff remain informed about the latest legislative updates and regulatory guidelines.
Our Approach
We provide continuous AML/CTF training to all employees and agents, with a special focus on front-line staff who face higher risks of exposure.
Training sessions are held regularly to ensure staff remain informed about the latest legislative updates and regulatory guidelines.
Anti-Money Laundering (AML) & Counter-Terrorism Financing Commitment (CFTC)
Overview
X Capital Group Sdn Bhd, is firmly committed to preventing money laundering and the financing of terrorism—serious crimes that cause significant harm to society. We uphold the highest standards of regulatory compliance and industry best practices, implementing robust systems and controls equivalent to those in regulated sectors such as banking.
Our dedication to combating these threats is guided by the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA) and other relevant Malaysian laws, regulations, and guidelines.
Core Objectives
We have established comprehensive processes and procedures to:
- Detect, deter, and report money laundering or terrorism financing activities to Bank Negara Malaysia.
- Mitigate and manage any actual or potential exposure to financial crime.
- Ensure strong governance through effective procedures and internal controls.
- Protect the assets and reputation of X Capital Group Sdn Bhd.
Customer Acceptance & Due Diligence
We adopt a risk-based approach in assessing all potential and existing clients. Customers are rated and categorised based on the risk of money laundering or terrorism financing, taking into account:
- Country of origin and business location
- Background and profile
- Nature of business
- Ownership structure
Customer Due Diligence (CDD) is applied to every new client, while Enhanced Due Diligence (EDD) is conducted for higher-risk profiles, such as those involving large transactions or Politically Exposed Persons (PEPs). Existing client profiles are reviewed periodically to ensure accuracy.
We will not initiate or continue business relationships with individuals or entities that fail to meet our CDD requirements.
Screening Measures
As part of our CDD process, all new and existing customers are screened against:
- Our internal watchlist, which contains individuals and companies flagged or blacklisted.
- Databases of Politically Exposed Persons and sanctioned, suspected, or convicted individuals/entities.
Transaction Monitoring & Detection
We utilise systems to monitor and review transactions for signs of suspicious activity, considering:
- Whether the volume, pattern, and purpose of transactions align with a customer’s profile and investment objectives.
- If transaction amounts are consistent with the customer’s occupation and nature of business.
Payment Policy
X Capital Group Sdn Bhd enforces a strict no-cash and no third-party payment policy:
- All investment payments must come directly from the customer’s personal bank account.
- All payouts are made directly to the customer’s personal bank account.
- We reserve the right to request additional documents or information to ensure compliance with this policy.
Training & Awareness
We provide continuous AML/CTF training to all employees and agents, with a special focus on front-line staff who face higher risks of exposure.
Training sessions are held regularly to ensure staff remain informed about the latest legislative updates and regulatory guidelines.
Our Approach
We provide continuous AML/CTF training to all employees and agents, with a special focus on front-line staff who face higher risks of exposure.
Training sessions are held regularly to ensure staff remain informed about the latest legislative updates and regulatory guidelines.
Anti-Money Laundering (AML) & Counter-Terrorism Financing Commitment (CFTC)
Overview
X Capital Group Sdn Bhd, is firmly committed to preventing money laundering and the financing of terrorism—serious crimes that cause significant harm to society. We uphold the highest standards of regulatory compliance and industry best practices, implementing robust systems and controls equivalent to those in regulated sectors such as banking.
Our dedication to combating these threats is guided by the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA) and other relevant Malaysian laws, regulations, and guidelines.
Core Objectives
We have established comprehensive processes and procedures to:
- Detect, deter, and report money laundering or terrorism financing activities to Bank Negara Malaysia.
- Mitigate and manage any actual or potential exposure to financial crime.
- Ensure strong governance through effective procedures and internal controls.
- Protect the assets and reputation of X Capital Group Sdn Bhd.
Customer Acceptance & Due Diligence
We adopt a risk-based approach in assessing all potential and existing clients. Customers are rated and categorised based on the risk of money laundering or terrorism financing, taking into account:
- Country of origin and business location
- Background and profile
- Nature of business
- Ownership structure
Customer Due Diligence (CDD) is applied to every new client, while Enhanced Due Diligence (EDD) is conducted for higher-risk profiles, such as those involving large transactions or Politically Exposed Persons (PEPs). Existing client profiles are reviewed periodically to ensure accuracy.
We will not initiate or continue business relationships with individuals or entities that fail to meet our CDD requirements.
Screening Measures
As part of our CDD process, all new and existing customers are screened against:
- Our internal watchlist, which contains individuals and companies flagged or blacklisted.
- Databases of Politically Exposed Persons and sanctioned, suspected, or convicted individuals/entities.
Transaction Monitoring & Detection
We utilise systems to monitor and review transactions for signs of suspicious activity, considering:
- Whether the volume, pattern, and purpose of transactions align with a customer’s profile and investment objectives.
- If transaction amounts are consistent with the customer’s occupation and nature of business.
Payment Policy
X Capital Group Sdn Bhd enforces a strict no-cash and no third-party payment policy:
- All investment payments must come directly from the customer’s personal bank account.
- All payouts are made directly to the customer’s personal bank account.
- We reserve the right to request additional documents or information to ensure compliance with this policy.
Training & Awareness
We provide continuous AML/CTF training to all employees and agents, with a special focus on front-line staff who face higher risks of exposure.
Training sessions are held regularly to ensure staff remain informed about the latest legislative updates and regulatory guidelines.
Our Approach
We provide continuous AML/CTF training to all employees and agents, with a special focus on front-line staff who face higher risks of exposure.
Training sessions are held regularly to ensure staff remain informed about the latest legislative updates and regulatory guidelines.