ANTI-MONEY LAUNDERING ACT
Ultimate Financing Company Incorporated is a law abiding Corporation as intermediary in the implementation of Anti-Money Laundering Act of 2001 under Republic Act No. 9160. As a Financing Company it is our obligation to document and maintain a written customer identification Program, otherwise known as 201 files of all its clientele customers. It is a part of the company's Anti-Money Laundering Compliance program and included in the standard operating procedures. The company also obtains and records competent evidence of the true and full identity, representative capacity, domicile, Legal Capacity, occupation or business purpose of clients, as well as other identifying information whether they maybe regular or occasional.
Clients are made aware of the company's policy that business transactions will not be conducted with applicants who fail to provide reliable and competent evidence of their true identity regarding the legitimate source of income, but without derogating from the companies obligations to report suspicious transactions.
Ultimate Financing Company Incorporated is a law abiding Corporation as intermediary in the implementation of Anti-Money Laundering Act of 2001 under Republic Act No. 9160. As a Financing Company it is our obligation to document and maintain a written customer identification Program, otherwise known as 201 files of all its clientele customers. It is a part of the company's Anti-Money Laundering Compliance program and included in the standard operating procedures. The company also obtains and records competent evidence of the true and full identity, representative capacity, domicile, Legal Capacity, occupation or business purpose of clients, as well as other identifying information whether they maybe regular or occasional.
Clients are made aware of the company's policy that business transactions will not be conducted with applicants who fail to provide reliable and competent evidence of their true identity regarding the legitimate source of income, but without derogating from the companies obligations to report suspicious transactions.