AML & KYC Policy

1. Verifying businesses (KYB)

• Certificate of incorporation or trade licence
• Memorandum and articles, or equivalent
• List of directors and owners with 10% or more, with their IDs
• Proof of business address, dated within 3 months
• Tax registration (PAN/GST in India, TIN/BIN in Bangladesh, NTN in Pakistan)
• Bank account in the business's name, with a statement or bank letter
• Website or app, and any licence your business needs

2. Screening

We screen merchants, owners and payout recipients against sanctions and politically exposed person lists when they join and on an ongoing basis.

3. Monitoring and reporting

We monitor transactions against each merchant's expected profile and investigate unusual activity. Where required, we file suspicious transaction reports with FIU-IND (India), BFIU (Bangladesh) or FMU (Pakistan), through or alongside our licensed partners.

4. Record keeping

We keep verification and transaction records for at least the period each country's law requires.