AML/KYC

How Paytixx Fights Money Laundering

Paytixx makes a significant contribution to the global fight against money laundering. Management takes all necessary measures to minimize the likelihood of financial crime and identify intruders. The recommendations of the intergovernmental organization FATF are being followed, in addition, clients are verified using several methods.

The company does not provide services to persons who may be related to international terrorism, arms trafficking, drugs and other types of criminal activity. KYC measures provide an opportunity to obtain information about a partner and assess existing risks. Management plans to improve anti-money laundering methods in the near future.

What are the requirements for partners

Before starting cooperation, interested parties are required to go through a multi-stage identification. Potential clients are required to indicate: full name of the organization; exact date and place of registration; E-mail address; any additional data, at the discretion of Paytixx. Also, representatives of the Paytixx.netpany are interested in the specifics of the business. The collected information allows us to provide high-quality customer service and keep in touch with numerous customers. The company transfers data to law enforcement agencies only after official requests or court decisions.

What documents will be needed and what the future corporate partner is obliged to report

1. Identification can be completed only with a complete package of documents. A copy of the registration certificate will be required, clients present extracts from the commercial register of their country. 2. Without specifying the full name and address of the director, Paytixx representatives refuse to cooperate. Additionally, the names of the beneficiaries must be disclosed for further verification against international databases. Experts always examine the structure of the company to identify possible irregularities. The representative of the future partner is obliged to present a document certified by a notary, which confirms his authority. Sometimes an apostille is required to legalize papers. The documents must be drawn up in accordance with international standards. Only readable and understandable papers are accepted for consideration.

Additional requirements

The company reserves the right to request additional information after studying the documents and organization structure. The data must be provided in reasonable and prearranged lines. Information is required from residents of certain countries that are included in the "black list". If signs of illegal activity are found, the company refuses to cooperate. If the organization sends copies of forged documents, the commission will reject the application. Due diligence may result in the closure of accounts and permanent business ties.

Monitoring and sanctions

Paytixx is not limited to collecting information during the consideration of applications from interested parties. All partners are under continuous surveillance. The company is strictly prohibited from entering into transactions with organizations that have been sanctioned for participating in illegal transactions. Experts are constantly monitoring. If a company is included in the updated sanctions lists, cooperation is immediately interrupted.