Our values are being transparent, effective, and efficient to enable simpler and faster integrations in our services of real-time processing payments. These are the foundations of our risk culture and help us make the right decisions and manage risks in line with our commitment to ensure a high level of compliance. We have the ongoing commitment to comply with the law and use the appropriate measures and technology to keep illicit activity out of our network in order to protect our customers, partners, and services.
At Remitee, we are committed to providing a seamless financial infrastructure that prevents its systems from being used to perpetrate any unlawful activity. For that reason, we have developed policies and procedures to protect our services and ensure they are not used for money laundering, fraudulent purposes, scams, terrorist financing, any violation of OFAC or other watch list or sanctions, and other illicit behavior.
To fulfil this commitment, we implemented a set of robust policies and procedures based on international standards set by organizations such as the Financial Action Task Force (FATF).
Due diligence.
At Remitee we carry out rigorous due diligence processes before entering into any business alliance. Our partners’ operations are screened in real time and we annually run a thorough due diligence process to prevent money laundering and terrorist financing, as well as fraud or other financial crimes. We work with business partners that are aligned with our policies, regulators, and best market practices.
Screening and monitoring transaction
To identify prohibited parties and potentially illicit activity, we monitor transactions handled through our platform while the money is moving. The features of our monitoring system allow us to detect, suspend and block prohibited users and transactions related to potential illicit activities.
Cybersecurity and Data Privacy
Considering that our services are based on trust along the payment chain, Remitee is committed to manage and protect the personal data of our customers, employees, and partners from existing and emerging threats according to the law and regulatory requirements.