Page 61 - SCG Code of Conduct

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SCG complies with all guidelines and laws pertaining to the suppression of money laundering. SCG will not accept transfers or conversions of assets or support such actions insofar as they are related to criminal activities, and will prevent anyone using SCG as a channel or instrument for the dispersion or concealment of illegally obtained assets.
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Anti-Laundering Measures
Principle
Guidelines
1. Before engaging in a transaction, find out to assure the source of fund that the contract partner legally obtained his/her money.
2. Do not transfer to unknown account or receive abnormal payment especially from the country not relating to the transaction.
3. If you notice an unusual transaction, immediately report it to your superior.
Examples
01
An overseas debtor asks to pay off his account with SCG via a tax haven country, a country providing any tax privilege. Is it possible?
Advice
It is possible because transfers or payments of money via a tax haven country are not illegal, but you must make sure that the contracting party is credible and has a business background open to investigation.
02
A debtor wants SCG to accept payment from an unknown individual who is not a party obligated to the contract. What will you do?
Advice
Avoid receiving payment of debt from any person who is not a contracting party. If necessary, you should attempt to verify the source of all money involved in a transaction, relationship between debtor and transferor and background of the transferor.