The Payments House LLC operates a risk-based AML and KYC programme aligned with the EU AMLD 6, FATF recommendations, UK MLR 2017, and the requirements of the card schemes.
Customer due diligence
Every merchant undergoes full CDD at onboarding: corporate verification, UBO identification (≥25%), source-of-funds and source-of-wealth review, sanctions and PEP screening across OFAC, EU, UK, UN and HMT lists.
Enhanced due diligence
Higher-risk merchants — including those in restricted geographies, processing volumes above $5M monthly, or operating in sensitive verticals — undergo EDD with documentary evidence, on-site visits where appropriate, and quarterly reviews.
Ongoing monitoring
Transactional behaviour is monitored against expected processing profile. Anomalies trigger SARs to the relevant FIU. We reserve the right to suspend processing during investigation.
MLRO
Our Money Laundering Reporting Officer is independent of commercial functions and reports directly to the Board. Contact: mlro@thepayment.company.
Training
All personnel complete AML and sanctions training at hire and annually thereafter.