Redotpay Strengthens KYC/AML Screening with LSEG’s World-Check Intelligence
Redotpay,
a
rapidly
growing
crypto
payment
company,
is
pleased
to
announce
that
it
is
enhancing
its
Know
Your
Customer
(KYC)/Anti
Money
Laundering
(“AML”)
screening
capabilities
through
the
integration
of
LSEG’s
leading
World-Check
Intelligence
platform.
Redotpay
is
revolutionising
the
way
we
transact
and
interact
with
financial
services.
With
a
mission
to
simplify
and
streamline
payments,
Redotpay
offers
secure
and
efficient
payment
solutions
to
individuals
and
businesses
across
the
globe.
By
deploying
LSEG’s
compliance
intelligence
solution,
Redotpay
aims
to
further
strengthen
its
KYC/AML
processes,
ensuring
compliance
with
regulatory
requirements
and
mitigating
the
risks
associated
with
financial
transactions.
LSEG’s
World-Check
Intelligence
is
a
comprehensive
database
that
provides
access
to
extensive
risk
intelligence,
including
sanctions,
politically
exposed
persons
(PEPs),
and
heightened-risk
individuals
and
entities.
By
leveraging
this
powerful
tool,
Redotpay
will
fortify
its
KYC/AML
screening
procedures,
enabling
faster
and
more
accurate
identification
of
potential
risks
and
enhancing
overall
customer
due
diligence.
“We
are
thrilled
to
integrate
LSEG’s
World-Check
Intelligence
into
our
KYC/AML
screening
processes,”
said
Michael
Gao,
CEO
&
Co-founder
of
Redotpay. “This
collaboration
underscores
our
commitment
to
maintaining
the
highest
standards
of
compliance
and
security.
By
harnessing
the
power
of
LSEG’s
renowned
risk
intelligence,
we
can
improve
our
customer’s
onboarding
experience
and
ensure
the
integrity
of
our
payment
ecosystem.”
“Integrating
our
World-Check
One
platform
into
Redotpay’s
KYC/AML
processes
confirms
our
dedication
to
providing
top-tier
compliance
solutions.
This
enhancement
will
enable
Redotpay
to
speed
up
onboarding,
elevate
their
due
diligence
and
screening
and
ensure
robust
regulatory
compliance,”
said
Michael
Meadon,
Director,
Asia
Pacific,
Risk
Intelligence,
LSEG.
About
Redotpay
RedotPay
is
a
fast-growing
crypto
payment
company
based
in
Hong
Kong.
Our
mission
is
to
enable
crypto
users
to
use
cryptocurrencies
in
daily
transactions
like
fiat
currencies,
reduce
overall
transaction
costs
through
blockchain
technology,
help
the
unbanked
gain
access
to
financial
services,
and
promote
greater
financial
inclusion
and
economic
prosperity.
Website:
www.redotpay.com
Disclaimer:
This
publication
is
for
informational
purpose
only
and
is
not
intended
to
constitute
legal,
financial,
investment
or
any
other
form
of
professional
advice.
RedotPay
assumes
no
responsibility
or
liability
for
any
errors
or
omissions
in
this
publication.
The
information
contained
in
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publication
is
provided
on
an
“as
is”
basis
and
RedotPay
makes
no
representation
or
warranty,
whether
expressed
or
implied,
in
relation
to
it
and
its
use.
The
information
is
provided
with
no
guarantees
of
completeness,
accuracy,
usefulness
or
timeliness.
Readers
should
seek
professional
advice
before
taking
any
action
in
relation
to
the
matters
dealt
with
in
this
publication.
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