ARTICLE 01
Regulatory Framework
Our SAGRILAFT complies with: Law 1121 of 2006, Law 1453 of 2011, Circular Externa 100-000016 of 2020 (Superintendence of Companies), and recommendations from the Financial Action Task Force (FATF/GAFI).
LEGAL
SAGRILAFT
Anti-Money Laundering & Counter-Terrorism Financing
Effective date: January 2025
Endustar has implemented a Self-Control and Risk Management System for Money Laundering and Terrorism Financing (SAGRILAFT) in compliance with Colombian law. This system establishes policies, procedures, and controls designed to prevent, detect, and report any operation related to money laundering or terrorism financing.
ARTICLE 02
Risk Management
We implement a risk-based approach that includes: identification of risk factors (clients, products, channels, jurisdictions), measurement of exposure levels, control through documented procedures and internal policies, and continuous monitoring of business relationships and transactions.
ARTICLE 03
Due Diligence
All business partners, clients, and counterparties undergo Know Your Customer (KYC) and Know Your Supplier (KYS) verification processes, including identity verification, sanctions list screening, adverse media checks, and beneficial ownership identification.
ARTICLE 04
Compliance Officer
Endustar has designated a Compliance Officer responsible for the administration, implementation, and effectiveness of the SAGRILAFT. This officer reports directly to senior management and is authorized to escalate suspicious activities to the relevant authorities (UIAF).
ARTICLE 05
Training & Awareness
All employees receive regular training on anti-money laundering regulations, red flag indicators, and reporting procedures. Training is mandatory and documented as part of our compliance program.