AML & Compliance

AML & Compliance

Remitr is committed to follow internationally recognized standards ofAML & CFT.

Remitr and its Exchange House partners follows the AML compliance policies and procedures as set out by respective Central Bank and others International bodies like OFAC, UN etc. Our Dedicated Compliance team ensure strict compliance to all agreed procedures and guidelines. Our compliance program has well-documented AML policies and procedures in place, which are updated on a periodic basis.

We (our Exchange House partners) have a dedicated specialist compliance officer who monitoring, filtering and reporting all transactions and ensures strict adherance to the program.

All customers have to follow a mandatory Know Your Customer (KYC) and Due-Diligence process during their registration before they are able to make any transactions.

Apart from regulatory AML programs, Remitr uses advanced in house technology and systems are used to monitor and check all the transactions with multi-layered screening logic.. We also use indigenously developed algorithms to monitor transactions for frequency, volumes, beneficiaries and other key parameters to indentify suspicious activities and customers.