AMLA and Anti-Financial Crime Statement

Entity: Neuralworks Sdn. Bhd.

1. Statement of Commitment

Neuralworks Sdn. Bhd. (“Neuralworks”) maintains a strict zero-tolerance policy regarding money laundering, terrorism financing, proliferation financing, sanctions evasion, bribery, corruption, and financial crime.

Neuralworks is committed to maintaining absolute financial integrity and operates in full compliance with:

The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) of Malaysia.

Regulatory directives and guidelines issued by Bank Negara Malaysia (BNM).

International financial counter-crime standards established by the Financial Action Task Force (FATF).

2. Customer Due Diligence (CDD) & KYC Protocols

To meet commercial banking compliance standards and fulfill statutory obligations for cross-border financial settlements, Neuralworks executes rigorous Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures prior to onboarding corporate clients:

Entity Verification: Mandatory collection and validation of official company registration certificates, director registries, operational addresses, and Ultimate Beneficial Owner (UBO) identities.

Sanctions Screening: Systematic screening of client organizations, key management personnel, and directors against global sanctions and political exposure lists.

Commercial Purpose Validation: Verifying that all cross-border financial transactions correspond to authentic, documented IT services and executed B2B service agreements.

3. Payment Integrity & Remittance Rules

Strict Prohibition of Third-Party Payments: Neuralworks accepts incoming payments exclusively from verified corporate bank accounts held directly in the legal name of the contracted client entity. Third-party wire transfers, unverified payment agents, or anonymous funds are automatically rejected and returned.

Regulated Financial Channels: All international settlement operations, telegraphic transfers (TT), and currency conversions are processed through licensed commercial banks and financial institutions.

Documented Invoicing Trail: Every incoming remittance is matched against an official corporate invoice, signed contract, and verifiable technical service delivery log.

4. International Sanctions & Prohibited Jurisdictions

Neuralworks adheres strictly to economic and trade sanctions imposed by the United Nations Security Council (UNSC), the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the European Union (EU), and HM Treasury (UK).

Neuralworks does not establish commercial relationships, execute service contracts, or process financial transactions originating from or destined for:

High-risk or comprehensively sanctioned countries/territories (e.g., Cuba, Iran, North Korea, Syria, and occupied regions of Ukraine).

Entities or individuals designated on OFAC’s Specially Designated Nationals (SDN) list or equivalent international financial sanction registries.

5. Anti-Bribery & Corruption Policy

In compliance with the Malaysian Anti-Corruption Commission Act 2009 (MACCA) (specifically Section 17A on corporate liability), Neuralworks prohibits directors, employees, contractors, and agents from offering, soliciting, or accepting bribes, kickbacks, or improper financial advantages in any business dealings.

6. Compliance Reporting & Audit Cooperation

Neuralworks reserves the right to suspend or terminate services, hold billing transactions, and report suspicious activities to relevant financial intelligence units or banking compliance departments if potential financial crime or AML violations are identified.

For compliance verification or banking audit inquiries, contact:

Compliance & Legal Office: office@neuralworks.asia