You are considering dealing with us in Cycle & Trend Marketing Sdn. Bhd. Trading in bullion involves the potential profit as well as the risk of loss. Movements in the price of gold and silver rates are influenced by a variety of factors of global origin many of which are unpredictable. Please note that this disclosure cannot and does not explain all the risks. Please ensure:-
I hereby declare that the information given above is true, accurate and complete. I understand that Cycle &Trend Marketing Sdn. Bhd. has the right to reject my application without assigning any reason thereof. In the event of my application has being approved, I hereby undertake and agree to be bound in all respects by the Company’s regulations, terms & conditions.
I hereby agree that all payment made by client must be BANK IN DIRECTLY to Cycle &Trend Marketing Sdn. Bhd. If any of my payment is made through third party as instructed by me fails to materialize and/or if any purchase/payment terms originated by me is breached and led to any loss, I hereby indemnify Cycle &TrendMarketing Sdn. Bhd.from any legal and financial liabilities whatsoever and any loss incurred shall be solely borne by me.
You are considering dealing with us in Cycle &Trend Marketing Sdn. Bhd. Trading in bullion involves the potential profit as well as the risk of loss. Movements in the price of gold and silver rates are influenced by a variety of factors of global origin many of which are unpredictable. Please note that this disclosure cannot and does not explain all the risks.Please ensure:-
ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING ACT 2001
LAWS OF MALAYSIA
Anti-Money Laundering Act
Money laundering as defined in Section 3(1) of the Anti-Money Laundering Act as the act of a person who-
Money laundering activities include drug-trafficking offences and financial misconduct. Drug-trafficking offences include the manufacture, importation, sales, or distribution of controlled substances; the commission of acts constituting a continuing criminal enterprise and transportation of drug paraphernalia.
Financial misconduct includes the concealment of assets from a receiver, custodian, trustee, marshal, or other officer of the court, from creditors in a bankruptcy proceeding; the making of a fraudulent conveyance in contemplation of a bankruptcy proceeding with the intent to defeat any bankruptcy law, the giving of false oaths or claims in relation to a bankruptcy proceeding; bribery; the giving of commissions or gifts for the procurement of loans; theft, embezzlement, or misapplication of bank funds or funds of other lending, credit, or insurance institution; the making of fraudulent bank or credit institution entries or loan or credit application; and mail, wire, or bank fraud or bank postal robbery or theft.
Other activities associated with money laundering also counterfeiting, espionage, kidnapping or hostage taking, copyright infringement, entry of goods by means of false statements, smuggling, removing goods from the custodyof custom officials , and illegally exporting arms.
Cycle & Trend Marketing Sdn. Bhd. hereby gives notice of its legal obligation under the Anti-Money Laundering and Anti-Terrorism Financing At 2001 to report transactions that it has reason to suspect involves proceeds of any unlawful activity. In this regard, where any suspicion of money laudering and/or assets being used for financing of terrorist acts arises, Cycle & Trend Marketing Sdn. Bhd. shall be compelled to report its suspicions to the relevant authorities, particularly Bank Negara Malaysia and the Labuan Financial Services Authority, without further reference to its Customer.
In such an event Cycle & Trend Marketing Sdn. Bhd. shall not be liable in any proceedings (whether civil, criminal or otherwise) for the disclosure of any information in any suspicious transaction report made by it in good faith.
Cycle & trend Marketing Sdn. Bhd. shall be entitled to keep all transactions records and to further disclose any information pertaining to the Customer/Dealer, as may be required by law or any governmental or regulatory directive for the purpose of compliance of AMLA. The Customer/Dealer undertakes to provide Cycle & Trend Marketing Sdn. Bhd. with all relevant information and documents, as and when requested, for the purpose of identification and verification of the source of the funds under the “Know Your Client” principle. The Customer/Dealer shall at all times confirm that all monies paid/deposited into related Cycle & Trend Marketing Sdn. Bhd. accounts originated from lawful sources and not from any unlawful activities.
Acknowledgement and Confirmation by Customer
I have read and understood the contents of this memorandum and hereby expressly confirm and represent Cycle & trend Marketing Sdn. Bhd. that none of the assets, which I, or any corporation in which I am either a beneficial owner or holding a controlling interest, has been derived from any of the activities as described in the above Act.
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