AML Policy
Orveda Pay is committed to preventing money laundering, terrorist financing and other financial crime. This policy summarises our Anti-Money-Laundering (AML) framework.
Last updated: June 1, 2026
1. Policy Statement
Orveda Pay operates a risk-based AML programme designed to detect and prevent the use of our services for money laundering or financial crime, in line with applicable laws and regulatory guidance.
2. Customer Due Diligence (KYC & KYB)
We verify the identity of customers, directors and beneficial owners (KYC) and the legitimacy and structure of the business (KYB) before activating accounts, and on an ongoing basis.
3. Sanctions & PEP Screening
Customers and transactions are screened against sanctions lists and for politically exposed persons (PEPs) at onboarding and continuously thereafter.
4. Transaction Monitoring
We monitor transactions in real time and over time to identify unusual or suspicious activity, applying a risk-based approach to thresholds and patterns.
5. Suspicious Activity Reporting
Where required, we report suspicious activity to the relevant authorities and cooperate with lawful requests, in accordance with applicable regulations.
6. Record Keeping
We retain customer due diligence records and transaction information for the periods required by applicable law.
7. Governance & Training
Our AML programme is overseen by a dedicated compliance function. Staff receive regular training appropriate to their role and risk exposure.
8. Contact
For AML or compliance enquiries, contact compliance@orvedapay.com.