Anti-Money Laundering Policy
Midwest Bullion Exchange, Inc. takes money laundering very seriously and aims to prevent and educate wherever we can. We believe money laundering is not only a threat to our company, but more importantly to the citizens of our country. Money laundering is a criminal act that is perpetrated by individuals who have committed serious crimes. These criminals attempt to conceal or disguise the source of the money. Usually this money is converted into other forms of money or investments, and then later converted back into currency and other forms of money. Terrorism, both domestic and international, has become a tremendous threat to our nation, and nations like ours worldwide. Precious metals like gold and silver bullion coins and bars are an ideal way for these terrorists to launder large amounts of money that is then converted into tools for activities that threaten the safety of our citizens.
Money laundering is also a major problem in the white collar community where quite often ill – gotten funds are injected into our financial markets, creating artificial gains and false earnings that affect legitimate investors and entities. This problem has come to light excessively the past few years with record Ponzi Schemes stretching from Wall Street to Main Street. Therefore, to eliminate the inherent risks of money laundering, Midwest Bullion Exchange, Inc. is committed to the most stringent measures possible for the prevention of money laundering, and the results from its deployment.
Midwest Bullion Exchange, Inc. has the latest news and bulletins from the Financial Crimes Enforcement Network, a division of the United States Department of the Treasury, emailed to our compliance officials on a daily basis. This means information keeps us informed of the procedures and guidelines that pertain to our Anti – Money Laundering enforcement, and governs Anti – Money Laundering policies and procedures. Midwest Bullion Exchange Inc. maintains standard protocols for the identification of our customers and will routinely implement appropriate measures for customer identification. Our employees are trained to identify the threat of money laundering, and situations where further customer identification is required. Midwest Bullion Exchange, Inc. maintains standard protocols for identifying and the handling of suspicious transactions. We take immediate actions when there is the threat of a suspicious transaction, and report these transactions to the appropriate authorities. Please don’t hesitate to contact us with any questions you may have regarding our Anti – Money Laundering policies and procedures.