PayAdmit is committed to implementing the most effective anti-money laundering standards available.

PayAdmit AML Policy is designed to prevent the use of PayAdmit services in relation to money laundering and terrorist financing activities, fraud and other financial crimes. To this end, PayAdmit established an Anti-Money Laundering Program (“AML Program”) which is analyzed below in this Policy, and may request the following information from its customers:

a) PayAdmit reserves the right to request proper documentation to verify your identity and/or your business. Additional personal or business information or bank account details may also be requested from you.

b) PayAdmit reserves the right to specific identification as part of a screening process for PayAdmit accounts that are under scrutiny or international watchlists.

c) PayAdmit reserves the right to request the abovementioned information during your application for a PayAdmit account in order to provide you with the services.

d) PayAdmit reserves the right to review the abovementioned information submitted during your application to review your account. This review is conducted on a regular basis and in accordance with PayAdmit AML policy and all applicable laws and regulations.

PayAdmit has established an AML Program for this purpose. The objective of the AML Program is to ensure that money laundering risks identified by PayAdmit are appropriately mitigated. This is achieved by establishing Board-approved, minimum governing policies, principles, and standards and implementing appropriate controls, to protect PayAdmit, its employees; shareholders, and customers from money laundering.

The AML Program provides guidance to all PayAdmit employees, requiring them to conduct business in accordance with applicable AML laws, rules, and regulations.

The AML Program is based upon the UK laws, regulations and regulatory guidance in all the jurisdictions in which PayAdmit conduct business.

The AML Program includes but is not limited to:

– The appointment of a Money Laundering Reporting Officer (“MLRO”) as required by local regulation.

– The implementation of a Customer Due Diligence (“CDD”) Program, which incorporates Customer Identification and Verification (“ID&V”) and Know Your Customer (“KYC”) principles, and the implementation of a program designed to appropriately remediate CDD of our existing customers.

– Conducting enhanced due diligence (“EDD”) on customers assessed as higher risk, such as Politically Exposed Persons (“PEPs”) in senior positions, their relatives and close associates.

– Establishing processes and systems designed to monitor customer transactions for the purpose of identifying suspicious activity.

– The investigation and subsequent reporting of suspicious activity to the appropriate regulatory bodies.

– Regular independent testing and regular AML training of its employees.

– The implementation of any relevant additional local requirements.