Compliance for Risk Free Operations

Regulations and the need of operational transparency have caused an increase in the adoption of using consolidated and harmonized sets of compliance controls by organizations.

This approach is used to ensure that all necessary governance requirements should be met without the duplication of effort and activity from resources.

Our solutions are designed to make sure that the operations are KYC & AML compliant using Verification, Blacklist, and other sophisticated checks.

Compliance with PayX

HBS Tech believes in giving its clients strict compliance controls throughout its operations that help improve business efficiency by reducing fraud, allowing for full monitoring of  PEP, Sanctions and Enforcements, with a transparent audit trail of all performed checks.

PayX uses a combination of data types including Know Your Customer (KYC) data, Document Validation and Fraud Management (FMS) providing a comprehensive solution covering:

• Global Identity
• ID verification
• Country Specific Identity

Lists used in Compliance module integration are:

• Office of Foreign Assets Control (OFAC);
• Her Majesty's (HM) Treasury, UK;
• United Nations Security Council (UNSC);
• Politically Exposed Persons (PEP);
• Office of the Superintendent of Financial Institutions (OSFI) Canada; along with other jurisdictions.

Data Integrity You can Trust with - PayX

For further details, kindly fill out the form by clicking here or email us at info@hbstech.co.uk