LC · Money laundering
The process of concealing the illicit origin of capital or assets, giving them the appearance of legality.
Regulatory compliance & transparency(PCLC / FT / FPADM) · SUDEBAN regulation
Prevention and Control of
Money Laundering
(PCLC/FT/FPADM)
At Distribuidora Global de Insumos XXI, C.A. (Disglobal), we hold a firm commitment to transparency, business ethics and compliance with the Venezuelan legal framework. In strict adherence to the guidelines of the Superintendency of Banking Sector Institutions (SUDEBAN), we implement policies and procedures designed to prevent our operations from being used for illicit activities.
What do these acronyms mean?
Understanding each concept precisely is the first step to protecting our business ecosystem, guaranteeing the legality of funds and safeguarding our clients.
FT · Terrorist financing
The provision or collection of funds intended to be used for terrorist acts.
FPADM · Weapons proliferation
Financial support for the manufacture, acquisition or trafficking of nuclear, chemical or biological weapons.
Institutional legal compliance
Our Regulatory Framework
Our prevention policies are grounded in the regulations currently issued by the supervisory bodies:
SIAR risk management
Resolution No. 010.25 (SUDEBAN)
Sets the general rules for the management and supervision of the risks related to LC/FT/FPADM. It requires us to implement due diligence processes and the “Know Your Customer and Supplier” policy.
General regulation in force
Exclusive use of POS and electronic payment methods
Resolution No. 049.20 (SUDEBAN)
Regulates the use of points of sale (POS) and the security of electronic transactions. As a formal business, we guarantee that our payment devices are used solely and exclusively for the commercial activity authorized to Disglobal, strictly prohibiting their use by third parties or for purposes unrelated to the distribution of our supplies.
Strict transactional protection
KYC / KYP Protocol
The “Know Your Customer and Supplier” policy
To maintain a secure business environment, Disglobal requires all of its clients, partners and suppliers to meet the following requirements before and throughout the commercial relationship:
Full identification
Mandatory submission of the Tax Information Registry (RIF), the identity documents of the legal representatives and the commercial registry of the company.
Mandatory legal requirement
Declaration of the source of funds
To ensure and guarantee that the resources used to pay for the supplies distributed by our company come from lawful commercial and industrial activities.
Guarantee of lawfulness
Data updates
Immediate notification of any change in the board, the tax address, the bank accounts or the economic activity of the company.
Periodic monitoring
Preventive cultureBest practices and recommendations for
Best practices and recommendations for
our partners
We urge our entire network of clients and suppliers to join the culture of prevention by applying these measures:
Exclusive use of payment methods
Do not lend your bank accounts, cards or points of sale to third parties to receive or process payments.
Direct preventive measure
Clear transactions
Make sure every transfer or payment made to Disglobal comes from bank accounts in the name of your company or of the holder registered in our database.
Banking traceability
Official channels
Carry out all of your operations and enquiries only through the official service channels and bank accounts of Distribuidora Global de Insumos XXI, C.A.
Verified accounts