AML

ANTI MONEY LAUNDERING

Anti-Money Laundering & Anti-Terrorist Financing Policies and Procedures

Paytoo Corp has several policies covering Anti-Money Laundering Acts, Client Due Diligence, Terrorist Financing and has implemented policies, guidelines and processes to ensure compliance with new anti-money laundering laws and regulations in various jurisdictions that meet with Financial Action Task Force (FATF) international standards.
Regulatory obligations cover the reporting of suspicious transactions, large cash transaction reporting, electronic funds transfer reporting, reporting of cross border movements of cash and monetary instruments, client identification and verification as well as terrorist financing reporting requirements.

Paytoo Corp defines money laundering as any act or attempt to disguise the source of money derived from criminal activity. Paymotech Group is committed to preventing the use of its financial services for money laundering purposes, by establishing policies and processes to ensure that only clients whether business or otherwise whose activities can reasonably be established to be legitimate are accepted as clients.
Paymotech Group has established processes to identify and investigate unusual activities and transactions and ensure that all activities and transactions reasonably suspected to be related to money laundering are reported to our Designated Money Laundering Officer.

Paytoo Corp takes reasonable and appropriate measures to establish the identities of their clients and others for whom they may provide financial services.

Paytoo Corp documents the measures taken to identify clients and retain records of the due diligence measures for at least 5 years after the account in question is closed.

Anti-terrorism

In addition, Paytoo Corp has developed policies and procedures regarding compliance with economic sanctions and anti-terrorism legislation.

Paytoo Corp will carry out an internal review of its policies and procedures regarding Anti-Money Laundering, Anti-Terrorism, Economic Sanctions and Client Due Diligence Programs on a yearly basis to ensure compliance and to evaluate their continued effectiveness.

Ethical Marketing Practice Policy

Paytoo Corp condemns any unethical marketing practices. This includes, without limitation, the use of links in connection with site-scraping, spam e-mails, search engine spamming, blog spamming or any other illegal or unethical marketing practices. Any affiliate identified as advertising any of our Internet sites in an 
illegal or unethical manner will immediately be placed under review and any commissions due to him will be withheld, until further investigation can be completed. Based upon the results of such investigation, we reserve the right to disqualify such persons from any ongoing participation in the Paytoo Card affiliate program and from receiving commissions due at.