| AML/CFT means Anti-Money Laundering / Combatting the Financing of Terrorism, and refers to the legislative obligations and principles that guide paypump client and vendor boarding processes. |
paypump subscribes to and operates under a ‘risk based’ model and interpretation of legislative and recommended AML/CFT principles in entering and maintaining business relationships.
Only paypump account applicants that pass the scrutiny of the paypump screening requirements will be enabled on the paypump platform(s). The same process, amongst many other checks, applies to the onboarding of paypump vendors.
paypump‘s primary objective is to ensure that at all times it maintains the integrity of its payment ecosystem to benefit all of its stakeholders and clients, by denying access to individuals and vendors that do not meet its minimum requirements.
