Quick answer
QashPay follows a risk-based approach aligned with established anti-money laundering (AML) frameworks and the requirements of its regulated partners.
How AML compliance works
QashPay applies AML controls in line with industry standards and regulatory expectations, including:
- Customer due diligence (KYC/KYB)
- Verification of business owners and directors
- Risk assessment during onboarding
- Ongoing transaction monitoring
Risk-based approach
Each merchant is assessed based on:
- Industry type
- Business model
- Transaction volumes
- Geographic exposure
This ensures appropriate controls are applied depending on the level of risk.
Ongoing monitoring
After onboarding, transactions may be monitored to detect:
- Unusual activity
- Suspicious patterns
- Potential compliance risks
Important
AML requirements are applied in accordance with the obligations of QashPay’s regulated partners and applicable regulations.
Related articles
- What documents are required for onboarding?
- What happens if suspicious activity is detected?
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