AML and OFAC
Our management team have more than 10 years of experience in multiple Latin American countries through our subsidiary Red Chapina. Accordingly, our compliance program was developed carefully to adhere to Anti-Money Laundering policies and regulations, as well as OFAC compliance. We monitor every transaction and have procedures in place designed to expose and react to money laundering, terrorist financing, and fraud-related risks. In turn, this sets an environment of trust for MTOs, Paying Agents and Clients.
There are five pillars of anti-money laundering that help us guarantee AML compliance. They are:
Designated compliance officer.
Create, evaluate and update internal policies and procedures.
Ensure continuous AML program training.
Provide independent review by a third party.
Do customer due diligence (know your customer).
Years of Experience