Anti-money Laundering

We use the right tools for Anti-money laundering compliance and Know-your-customer (KYC), that helps Identifying high-risk users, using real time real-time list monitoring and automated screening tools and watchlist checks that scan for known or suspected individuals who are associated with financial fraud, money laundering, terrorism, arms proliferation, drug trafficking or PEPs (Politically Exposed Persons).

Shetewy Pay do what it takes to prevent laundered money from entering into our financial system. All our users names and information are screened by automated tools based on Interpol, HMT, UN, OFAC, FATF PEP/terrorists and blacklisted organizations/persons and watchlists. Screening operations are performed against global watchlists and jurisdictions. Our KYC/AML compliance ensures that our due diligence measurements is automated while we maintain the maximum productivity and operational efficiencies of Shetewy Pay Service.

Shetewy Pay uses automated AML red-flagging tools that spots unusual activities like large cash transactions, large amount of transaction, anti-layering of transactions by studying the account usage patterns, and money transactions that are connected to potential money launderers businesses or individuals. We use automated SARs (Suspicious Activity Reports) that can notify our AML compliance team for any suspicious activities taking place on Shetewy Pay accounts.