AML Policy
A comprehensive Anti-Money Laundering compliance program ensuring secure and compliant payment operations.
Anti-Money Laundering Policy
SecPaid is committed to preventing money laundering and terrorist financing. Our AML program ensures compliance with all applicable laws and regulations, including the German Money Laundering Act (GwG) and EU Anti-Money Laundering Directives.
This policy outlines our commitment to maintaining the highest standards of compliance, and our procedures for identifying, assessing, and mitigating money laundering risks.
Customer Due Diligence
Every merchant is identified and verified before onboarding, with enhanced checks applied where risk factors are higher.
Transaction Monitoring
Transactions are monitored on an ongoing basis to detect patterns consistent with money laundering or other financial crime.
Risk Assessment
Merchants and transactions are risk-rated, and controls are calibrated to the level of risk identified.
Staff Training
Employees involved in onboarding, underwriting, and payment operations receive regular AML training.
Reporting
Suspicious activity is reported to the relevant authorities in line with our statutory obligations under the GwG.
Record Keeping
Records supporting due diligence, monitoring, and reporting are retained for the periods required by applicable law.
SecPaid is fully committed to maintaining the highest standards of AML compliance. We continuously monitor and update our procedures to ensure they remain effective and compliant with evolving regulatory requirements.
Downloadable Policies
Questions about this policy can be directed to contact@secpaid.com.