AML (ANTI-MONEY LAUNDERING) POLICY
Avec Pay is dedicated to upholding the highest standards of integrity and regulatory compliance. Our Anti-Money Laundering (AML) policy is designed to prevent our platform from being used for illicit financial activities.
Customer Due Diligence:
We conduct thorough customer due diligence for all users of our platform. This includes verifying the identity of users and monitoring transactions for suspicious activities.
Reporting Suspicious Activities:
If we detect or suspect any unusual or potentially illicit activities on our platform, we are committed to reporting these activities to the appropriate authorities in accordance with applicable laws and regulations.
Employee Training:
Our employees undergo regular training to understand AML regulations, recognize red flags, and appropriately respond to suspicious activities.
Record Keeping:
We maintain comprehensive records of all transactions and customer interactions in accordance with legal requirements.
Cooperation with Authorities:
We cooperate fully with law enforcement and regulatory agencies to combat money laundering and related activities.