We have robust transaction monitoring system in place for our
product lines integrated to our core system and all transactions are initially vetted by our
partners/payment facilitators including Alipay and WeChat to deter fraudulent activities and
money laundering. We are also committed to ensure robust checks are in place to deter tax
evasion.
We are committed to GDPR regulations and seek explicit consent from
our merchants prior to onboarding and relevant data processing, marketing and data
retention.
We ensure our business is in adherence with Bribery Act 2010 and
hence we have a robust Gifts and Entertainment policy in place to deter any inducement.
Apart from the aforementioned risks we also have policies in place to address conflict of
interest, Sanctions & other embargoes, outsourcing regulations and CTF policy.
Compliance submits regular reports to the Executive Board and to the Risk Committee of the
Board of Directors. It reports on the current compliance risk situation at Pacypay and on the work of the Compliance department.
