As a global financial services provider, Protege Global Ecommerce is committed to compliance with all applicable laws and regulations regarding Anti-Money Laundering ("AML").
Protege Global Ecommerce policy and practice is to try to prevent people engaged in money laundering, fraud, and other financial crimes, including terrorist financing, from using Protege Global Ecommerce's services.
Protege Global Ecommerce Protects Its Users
Protege Global Ecommerce is a closed-loop system (having a relationship with both the sender and receiver) that allows us to identify suspicious activity more easily than competing systems.
Protege Global Ecommerce's Customer Due Diligence program collects certain identity details at sign-up while remaining relatively frictionless. Once certain thresholds are met, in compliance with relevant market regulation, Protege Global Ecommerce will subject users to additional KYC requirements for identity verification.
Protege Global Ecommerce conducts a global AML/CTF and Sanctions risk assessment consistent with Financial Action Task Force (FATF) guidance to identity, assess, and understand the ML/TF risks Protege Global Ecommerce faces. This is consistent with a risk-based approach (RBA) which impacts global policy decision-making and implementation of program elements
Protege Global Ecommerce's screens accounts and transaction history on a nightly basis, covering the entire customer base. We cross-reference our information against a variety of list from regulators, governments and more (OFAC's Specially Designated Nationals list, UN Security Council sanctions list, Commission de Surveillance du Secteur Financier in the EU, etc)