A.M.L Policy

Experience the power of WorldinPay.

WorldInPay ("we," "our," or "the Company") is committed to preventing money laundering activities and complying with all applicable Anti-Money Laundering (AML) laws and regulations. This AML Policy outlines our approach to identifying and mitigating the risks of money laundering and terrorist financing.

1. Compliance with AML Laws:

WorldInPay is dedicated to complying with all relevant AML laws and regulations, including but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, and Financial Action Task Force (FATF) recommendations.

2. Know Your Customer (KYC) Procedures:

We implement robust Know Your Customer (KYC) procedures to verify the identity of our clients and understand the nature of their businesses. Clients are required to provide accurate and up-to-date identification and business information during the account onboarding process.

3. Enhanced Due Diligence (EDD):

We conduct Enhanced Due Diligence (EDD) for high-risk clients and transactions to mitigate the risk of money laundering and terrorist financing. EDD may include additional verification steps and ongoing monitoring of client transactions.

4. Transaction Monitoring:

We employ advanced transaction monitoring systems to detect and report suspicious activities, including unusual transaction patterns or significant changes in client behavior. Our team regularly reviews and investigates flagged transactions to assess potential risks and take appropriate action.

5. Reporting Suspicious Activities:

WorldInPay is committed to promptly reporting any suspicious activities or transactions to the relevant authorities, including financial intelligence units and law enforcement agencies. Employees are trained to recognize and escalate suspicious activities in accordance with our internal reporting procedures and regulatory requirements.

6. Recordkeeping:

We maintain comprehensive records of client transactions, identification documents, and other relevant information as required by AML regulations. Records are securely stored and made available to regulatory authorities upon request.

7. Employee Training and Awareness:

We provide regular training and awareness programs to our employees to ensure they understand their AML obligations and are equipped to identify and report suspicious activities. Employees are encouraged to report any concerns or suspicions related to money laundering or terrorist financing.

8. Ongoing Review and Updates:

This AML Policy is subject to periodic review and updates to reflect changes in regulatory requirements and best practices. Clients will be notified of any significant changes to our AML procedures or requirements.

9. Contact Us:

If you have any questions or concerns about our AML Policy or require assistance with AML compliance, please contact us at – info@worldinpay.com.