Fraud Prevention Policy

Effective Date: 3.03.2025

1. Introduction

LUXE AVENUE LTD is committed to minimizing financial and commercial fraud risks, ensuring the protection of clients, partners, and business operations. This Fraud Prevention Policy establishes strict controls to detect, prevent, and respond to fraudulent activities in a timely and effective manner.

2. Key Threats

The company actively monitors and mitigates the following fraud risks:

🚩 Financial fraud – Fake payment documents, fraudulent invoices, unauthorized transactions.

🚩 Supply chain fraud – Counterfeit goods, non-existent suppliers, misrepresentation of product origin.

🚩 Cyber threats – Phishing, account takeovers, unauthorized data access, fraudulent online activities.

3. Fraud Prevention Measures

LUXE AVENUE LTD implements strict security protocols to prevent fraudulent activities, including:

βœ” Counterparty due diligence before contract signing.

βœ” Two-factor authentication (2FA) for all corporate accounts and sensitive transactions.

βœ” Ongoing transaction monitoring to detect irregular payment patterns.

βœ” Verification of supplier documentation to confirm product authenticity.

βœ” Secure payment channels through regulated financial institutions.

4. Actions in Case of Fraud Detection

If fraudulent activity is detected, LUXE AVENUE LTD reserves the right to:

❌ Suspend or terminate agreements with any entity involved in fraud.

❌ Block transactions and freeze accounts until further investigation.

❌ Request additional documentation for verification.

❌ Report fraudulent activities to law enforcement and regulatory authorities.

5. Differentiation Between Fraud Prevention and AML

πŸ”Ή The Fraud Prevention Policy covers commercial fraud, such as fake invoices, unauthorized suppliers, and counterfeit goods.

πŸ”Ή The AML Policy focuses on financial crimes, including money laundering and illicit financial transactions.

πŸ”Ή If a case involves both fraud and money laundering, it will be escalated to both regulatory and law enforcement authorities.

6. Employee Obligation to Report Fraud (Whistleblowing)

πŸ”Ή Mandatory Reporting: All employees must immediately report any suspected fraudulent activity to the Compliance Officer or Fraud Prevention Team.

πŸ”Ή Confidentiality & Protection: Reports will be handled confidentially, and employees will be protected from retaliation under whistleblower protection laws.

πŸ”Ή Failure to Report: Employees who knowingly fail to report fraudulent activity may face disciplinary action, including termination.

7. Penalties for Fraudulent Activities

LUXE AVENUE LTD maintains zero tolerance for fraud. Any individual or entity engaging in fraudulent activities may face:

⚠ Immediate contract termination and blacklisting from future business.

⚠ Legal action and financial penalties as permitted by law.

⚠ Reporting to relevant regulatory bodies for further investigation and potential prosecution.

8. Responsibility of Clients and Partners

All clients, suppliers, and business partners must:

βœ” Ensure the accuracy and legitimacy of their financial transactions.

βœ” Cooperate fully with LUXE AVENUE LTD in fraud prevention investigations.

βœ” Adhere to contract terms and provide genuine documentation when requested.

🚨 Any attempt at fraud will result in immediate termination of cooperation and, if necessary, reporting to relevant authorities.

9. Contact Information

For any questions regarding this policy, please contact:

πŸ“ LUXE AVENUE LTD

Address: 9 Acorn Close, Maidstone, Kent, United Kingdom, ME16 8FX

βœ‰ Email: [email protected]

🌐 Website: luxe-avenue.store