AML Policy
PayPunks anti-money laundering policy: KYC procedures, transaction monitoring and sanctions screening against OFAC, UN and EU lists.
Last updated 2024-10-01 · Markdown version
Last updated: October 2024
1. Anti-Money Laundering (AML) Compliance
PayPunks is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. We adhere to all applicable laws and regulations.
2. KYC Procedures
We implement robust Know Your Customer (KYC) procedures to verify the identity of our users. This may include collecting government-issued IDs, proof of address, and corporate documentation.
3. Transaction Monitoring
Our Risk Control Engine continuously monitors transactions for suspicious activity. We reserve the right to freeze funds and report suspicious transactions to relevant authorities.
4. Sanctions Screening
We screen all users and transactions against global sanctions lists (e.g., OFAC, UN, EU) to ensure compliance with international sanctions regimes.