At KsherWIKAAS security is mission critical. Money Services Business is government regulated in our countries of operation and require regular reporting. Controls are in place to safeguard privacy and ensure that Financial Crime is prevented from taking place. This is achieved by
- Pragmatic onboarding process
- Robust KYC procedures
- Security and back up of core systems
- Maintenance of data and privacy protection
- Embedded controls and an automated system to identify unauthorised use and prohibited illegal financing activities (Money Laundering, Cybercrime, Terrorist Financing, Fraud etc)
Thorough reconciliation occurs at every point of the transaction process. WeChat saves user’s bank card data and is PCI-DSS compliant.