We have established and implemented risk-based policies and procedures to ensure safe, secure and transparent flow of business, not only for the company itself but also for our customers and partners. We understand and respect that each country we operate has its own governing rules and regulations. Our compliance team regularly reviews the applicable policies and updates the procedures accordingly. We have implemented an effective monitoring system, which helps the company to detect, prevent and report any suspicious / unusual transactions which pertains to any kind of illegal activities.

Our compliance systems follow the required regulations to monitor all transactions in order to identify suspicious ones for reporting. We are committed to detecting and preventing money laundering and terrorist financing. All remittances processed by RitmanPay are screened with current industrial technology to enhance controls and to prevent any sort of illegal activity. We have established adequate procedures of customer due diligence, reporting, record keeping, internal control, risk management and communication to foreseen and prevent activities related to money laundering.

We have implemented the best in class compliance practices in our organisation.

• Know your Customer procedures and guidelines are strictly followed
• All records including, customer's identification documents and related data, transaction data, and any other related documents are maintained and retained in our system
• Regular training programmes are organised for our staff regarding the Know Your Customer procedures and Anti-money laundering policies
• All staff handling remittances are required to report any potentially suspicious or unusual transactions, to Compliance Officer, using our internal reporting system
• Necessary procedural and control measures are taken to provide our support in the fight against money laundering and the financing of terrorism
• Enhanced due diligence is conducted when transactions appear to be potentially suspicious on the basis of suspicious transaction indicators
• Internal Audits are performed on periodic intervals to make sure that company's compliance procedures are strictly adhered