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AML & Risk Policy
Last updated: 18.08.2025
Paylab is committed to maintaining a secure technology environment and takes reasonable measures designed to prevent the misuse of its platform for money laundering, terrorist financing, fraud, sanctions violations, and other illicit activities.
This Policy outlines the principles guiding Paylab’s approach to financial crime risk management.
Paylab is committed to maintaining a secure technology environment and takes reasonable measures designed to prevent the misuse of its platform for money laundering, terrorist financing, fraud, sanctions violations, and other illicit activities.
This Policy outlines the principles guiding Paylab’s approach to financial crime risk management.
Risk-Based Approach
Paylab applies a risk-based methodology to identify, assess, and mitigate financial crime risks associated with its business relationships and technology services.
Risk evaluations may consider factors such as:
Risk evaluations may consider factors such as:
- client profile and business model
- geographic exposure
- transaction patterns
- regulatory expectations
- reputational risk
Business Model
Paylab operates as a technology provider supporting payment infrastructure for business clients.
Paylab:
Regulated financial services are provided by licensed partners where applicable.
Paylab:
- does not act as a bank or financial institution
- does not hold customer funds
- does not issue payment instruments
- does not control the movement of funds
Regulated financial services are provided by licensed partners where applicable.
Client Verification
Paylab conducts appropriate business verification before establishing commercial relationships.
Verification measures may include:
Paylab reserves the right to request additional information where necessary.
Verification measures may include:
- business identification
- ownership transparency checks
- sanctions screening
- risk assessments
Paylab reserves the right to request additional information where necessary.
Ongoing Monitoring
Paylab maintains controls designed to detect activity that may indicate elevated risk.
Where appropriate, Paylab may:
Where appropriate, Paylab may:
- request supporting documentation
- restrict platform access
- suspend services
- terminate relationships
Prohibited Use
The platform may not be used in connection with unlawful activities, fraudulent conduct, or businesses that present unacceptable regulatory or reputational risk.
Paylab reserves sole discretion in determining whether a business falls within prohibited categories.
Paylab reserves sole discretion in determining whether a business falls within prohibited categories.
Sanctions
Paylab supports compliance with applicable sanctions regimes and does not knowingly engage with restricted persons, entities, or jurisdictions.
Relationships may be declined or terminated where sanctions risks are identified.
Relationships may be declined or terminated where sanctions risks are identified.
Cooperation
Where appropriate and permitted by law, Paylab may cooperate with financial institutions, partners, and competent authorities in connection with the prevention of financial crime.
Governance
Paylab maintains internal policies, procedures, and training designed to promote awareness of financial crime risks and support consistent risk management practices.
These controls are periodically reviewed and refined.
These controls are periodically reviewed and refined.
Policy Updates
This Policy may be updated periodically to reflect evolving regulatory expectations, industry practices, and operational requirements.
For legal inquiries, please contact: [email protected]
For legal inquiries, please contact: [email protected]