How Does PayAny Handle Anti-Money Laundering and Sanctions?
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PayAny is required by law to know its customers, to monitor transactions, and to refuse business it cannot verify. This is how that works in practice.
Know your customer
Every account is verified before it can withdraw: a government ID and a selfie for individuals, incorporation and registration documents for companies. PayAny keeps this information up to date and may ask you to re-verify when documents expire or details change.
Transaction monitoring
Every deposit, exchange and withdrawal is screened. Most pass without any action. An order is held for review when it is inconsistent with the customer’s normal activity, when the payer or beneficiary name does not match, when the amount is unusual, or when supporting documents are needed for the corridor. You are told when an order is in review, and what is needed to release it.
What PayAny asks for
Depending on the transaction, you may be asked for:
- Commercial invoices, purchase orders or contracts.
- Shipping, logistics or customs documents.
- Proof of the relationship between a third-party payer and your business.
- Source of funds for large or unusual deposits.
Sanctions
PayAny screens customers, payers and beneficiaries against international sanctions lists and does not process payments involving sanctioned persons, entities or territories.
What PayAny does not do
- Process payments without a legitimate business or personal purpose.
- Accept deposits from, or pay to, parties it cannot identify.
- Offer or process any virtual-currency transaction.
Important: A refused or returned transaction is not an accusation. PayAny is obliged to decline what it cannot verify, and to report certain activity to the authorities without informing the customer. Where PayAny can tell you why an order was declined, it will.
Your part
Pay from accounts in your own name, put a clear reference on every transfer, keep your invoices and shipping documents, and tell support in advance about a payment that will look unusual — a new counterparty, a first large order, a third-party payer. Orders with the paperwork ready clear faster.
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