Help meet your regulatory obligations, make informed decisions, and prevent your business being used to launder the proceeds of financial crime or associated with corrupt practices.
Payout has a system compliant with 4 AMLD limits to provide all necessary processes in accordance with the legislation regarding protection from fraud, PEP checks, sanction checks and adverse media checks. AML processes are adapted to all then modifications within 4 AMLD implementation.
KYC is a fundamental practice to protect your organization from fraud and losses resulting from illegal
funds and transactions.
Do you know your customer? At any rate, you ought to. For KYC of your customers, you need to collect and process certain documents to verify the identity of a payer, verify their address, source of their wealth. Payout can easily help you out with that process.
Payout uses risk checks to check transactions and evaluate risk according to a set of criteria and using selected tests. It seeks a balance between acceptance and prevention of fraudulent transactions.