The prevention of money laundering is a key focus of international law. Money laundering regulations are designed to inhibit the movement of funds derived from criminal activity and to restrict the availability of products (or monies) to terrorist activities.
Avonchem Diagnostics is committed to preventing money laundering through its service and complies strictly with the regulatory requirements including taking such measures as:
Avonchem Diagnostics is obliged to collect identification information from all clients and suppliers to verify that information prior to any transaction.
All clients and suppliers should assume that any information provided could be made available to authorities in the country of origin of any funds provided and in the country to which the Avonchem funds are being sent.
To reduce the risk that our service could be used for money laundering purposes, we will not accept payment in cash, by cheque or by credit card. All money is received and remitted by us by electronic means only.
We reserve the right to refuse to accept you as a client or supplier at any stage of our relationship if we have reason to believe that information you have provided to us is false or misleading or that a proposed transfer may be connected in some way with an illegal activity.
Avonchem is obliged to report all suspicious transactions. We do not want your business if the funds are sourced from criminal activity, or the nature of the transaction is illegal in any way or contravenes international law.
