AML/KYC
At Epsilon Payments, we are committed to maintaining the highest standards of compliance with all relevant anti-money laundering (AML) and know your customer (KYC) regulations. We have implemented robust policies and procedures to prevent, detect, and report any activities that may involve money laundering or other illicit financial activities.
AML Policy
Our AML policy includes measures such as:
- Conducting thorough risk assessments to identify potential threats of money laundering.
- Implementing effective controls to mitigate identified risks.
- Regularly monitoring and reviewing transactions to detect suspicious activities.
- Reporting any suspicious activities to the relevant authorities.
- Providing regular AML training to our staff to ensure they are aware of their responsibilities and the latest developments in AML regulations.
KYC Policy
Our KYC policy is an integral part of our AML efforts. It includes measures such as:
- Verifying the identity of all new customers using reliable, independent source documents, data, or information.
- Understanding the nature of our customers’ businesses and the risks they pose.
- Monitoring our customers’ transactions and activities on an ongoing basis.
- Cooperating with regulatory authorities and law enforcement agencies as required.
By implementing these AML and KYC policies, we aim to protect our business, our customers, and the wider community from the harmful effects of money laundering and other illicit financial activities.
