Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 157

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 157
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, the countering of terrorist and counter proliferation financing (“ AML/CTF/CPF”), policies and procedures providing for the application of know-your-client (“ KYC”), client identification and verification procedures, a clearly documented “risk-based approach” to AML/CTF/CPF (including country risk analysis to identify acceptable countries determined by the Registered Person to have a “low risk” of money laundering, terrorist financing and proliferation financing), targeted financial sanctions screening processes, staff training and awareness, AML/CTF/CPF record keeping and internal reporting procedures in place to identify and report any suspicious activity;

• to apply targeted financial sanctions screening processes;

• to implement annual training and awareness for its staff, operators and AML Officers;

• to ensure that AML/CTF/CPF record keeping and internal reporting procedures are in place to identify and report any suspicious activity;

• to document a risk assessment of each client;

• to undertake an entity (self) risk assessment;

• to undertake documented periodic reviews of the Registered Person's clients;

• to ensure the Registered Person's board (or equivalent) retains oversight of risk in respect of the AML Regime;

• to ensure the maintenance of various regulatory registers such as internal and external suspicious activity reports, declined business, frozen assets, eligible introducers, politically exposed persons and training registers; and

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• to monitor, assess and test the AML/CTF/CPF procedures to ensure continuing internal compliance with all acts and regulations in relation to AML/CTF/CPF and any related sanctions under Cayman Islands law.

SIBA Registered Persons must act at all times in compliance with targeted financial sanction requirements under the Terrorism Act (As Revised) and the Proliferation Financing (Prohibition) Act (As Revised) to make a separate filing with the Financial Reporting Authority in the event that any assets relate to persons or entities subject to sanctions under those acts. Failure to comply would be a criminal offense and the Directors, Officers and/or the AML Officers may also be held personally liable and subject to fines and/or imprisonment, if found to be negligent.

If any person in the Cayman Islands knows or suspects, or has reasonable grounds for knowing or suspecting that another person is engaged in criminal conduct or money laundering, or is involved with terrorism or terrorist financing and property, and the information for that knowledge or suspicion came to their attention in the course of business in the regulated sector, or other trade, profession, business