Introduction and scope

Introduction and scope

As with any institution that involves payments, there is a risk of Fincrypt Pte Ltd (PayBolt) products and services being used to launder money and finance terrorism. This is especially true in the decentralized crypto space in which we operate in. Local laws in the jurisdictions which we operate in, requires us to put training, processes and systems in place to identify, manage and mitigate this risk. We do this to protect our reputation, to comply with relevant laws and to be a good corporate citizen. Failure to do so may result in social harm, significant penalties, including legal and regulatory action.

Last updated