Compliance Measures

Measures against money-laundering, terrorist financing, criminal activity or market abuse

ECC is strongly committed to preventing the use of its operations for money-laundering or any activity, which facilitate money-laundering, or the funding of terrorist or criminal activities or market abuse. ECC will comply with applicable laws and regulations - especially the German Banking Act - designed to combat money-laundering activity and terrorist financing. ECC has implemented a Know-Your-Customer policy to comply with the applicable laws and regulations. ECC checks the identity and background of potential customers, their rationale for trading and their experience before committing a professional relationship. For this, a standardized questionnaire has to be filled in by potential customers which will be evaluated using a structured and non-discriminatory scoring methodology.

Annually, ECC assesses the risk of its operations being used for money-laundering or any activity, which facilitate money-laundering, or the funding of terrorist or criminal activities or market abuse. Those processes and procedures are subject to annual audit by independent external auditors. The audit report is submitted to ECC's regulator, the German Federal Financial Supervisory Authority (BaFin).

Every employee of ECC is required to act in furtherance of this policy statement to protect the Company from explotation by money launders or terrorists.