We perform a detailed politically exposed person (PEP) and sanction check when onboarding new customers, as well as during the ongoing review of clients, to ensure that our reputation, revenue, and capital are protected. To gain access to the API, we must onboard you as a business and have your business information and details including, but not limited to, the beneficial owners of the company.
Our AML/KYC process starts during the onboarding stage. You will be required to fill out a questionnaire. This is only done once. We advise that you have information about your business registration, shareholders, license(s), Government-issued Identification documents, etc., ready before you start.
Our AML software also enforces a tiered limit of transactions you can perform depending on the nature of your account with us. For example, you will be required to have a business account to send more value and volume compared to a personal account. You can start, pause, and continue. The transaction information supplied will be used for PEP screening and screening against economic sanctions databases.
While the sanctions screening serves to ensure that no individuals on global law enforcement and sanctions lists are allowed to make financial transactions, the PEP screening is to identify and conduct CDD on any PEPs or other high-risk customers. The information provided may also be used for ongoing risk assessment and monitoring of your account. We, therefore, advise you to get started with the AML/KYC questionnaire.
To start the on-boarding process, please click the link below