1. FAQ
  2. Regulations and Restrictions

Does PayPugs cover AML/KYC monitoring on the company’s behalf?

PayPugs monitors all the transactions of all their clients whether individuals or companies, for AML/KYC purposes. There are verification processes we undertake once the volume of client transactions reaches a certain limit. We then ensure that all the documents we hold for the client are up to date and where necessary we will request a new version. We are always compliant with all regulatory requirements and all transactions made are legally binding.