CryptoPAYR Limited maintains an Anti-Money Laundering ("AML") and Counter-Terrorist Financing ("CTF") programme designed to comply with applicable Cayman Islands law and FATF standards, and is supervised by the Cayman Islands Monetary Authority (CIMA).
Risk-based approach
We apply a risk-based approach to customer due diligence ("CDD"), transaction monitoring and reporting. Higher-risk relationships are subject to enhanced due diligence ("EDD").
Know Your Customer (KYC)
Merchants may be required to verify their identity and beneficial ownership, provide business documentation, and demonstrate source of funds or wealth. We may request this information at onboarding or at any time during the relationship.
Transaction monitoring
We monitor activity for indicators of money laundering, fraud and sanctions exposure, including blockchain analytics and screening of wallet addresses against risk databases.
Sanctions screening
We screen users and counterparties against applicable sanctions lists and prohibit use from restricted jurisdictions (see Geographic Restrictions). The Travel Rule may apply to certain transfers.
Reporting & record-keeping
We file suspicious activity reports with the relevant authorities where required and retain records for the period mandated by law. We will not "tip off" a customer about a report.
Cooperation
We may freeze funds, suspend accounts, and disclose information to regulators or law enforcement as required by law.
Contact
Questions about this policy? Contact us at [email protected] or by post at CryptoPAYR Limited, Cayman Corporate Centre, Office 2852, George Town, Grand Cayman, Cayman Islands.