| Before | After | ||
|---|---|---|---|
| 0 | Legal terms, conditions and privacy policies - Checkout.com Sign in Get in touch Legal Terms & policies Service Terms Country Terms Privacy Notice Cookie policy Regulatory RDR terms Disclaimer Payment methods rules Claims processing Terms & policies Link Website Terms of Use Please read these terms and conditions carefully before using the website 1. | 0 | Legal terms, conditions and privacy policies - Checkout.com Sign in Get in touch Legal Terms & policies Service Terms Country Terms Privacy Notice Cookie policy Regulatory RDR terms Payment methods rules Claims processing Terms & policies Link Website Terms of Use Please read these terms and conditions carefully before using the website 1. |
| 85 | Anti Money Laundering Policy Statement As a globally regulated payment service provider, Checkout.com is committed to the highest standards of integrity. | 85 | Anti Money Laundering Policy Statement Anti-Money Laundering Statement It is our policy and obligation to comply with the anti-money laundering legal and regulatory requirements, and we take these very seriously. |
| 86 | It is our policy and fundamental obligation to comply with all applicable anti-money laundering (AML), counter-terrorist financing (CTF), and economic sanctions laws in every jurisdiction where we operate. | 86 | As an Authorised Electronic Money Institution operating in the UK, Checkout Ltd is subject to various financial crime frameworks including: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“Money Laundering Regulations”); The Terrorism Act 2000; The Proceeds of Crime ("POCA") Act 2002, and The Counter-Terrorism Act 2008. |
| 87 | We operate under the supervision of multiple financial regulators worldwide. | 87 | As it is supervised by the FCA, Checkout Ltd is required to meet, among others, the following legal requirements: Understand and interpret the legal and regulatory framework for AML/CTF requirements and systems; Understand standard industry best practice in AML/CTF procedures and proportionate risk-based approach; Design and implement the systems and controls necessary to mitigate the risk of being used in connection with money laundering or financing terrorism. |
| 88 | To ensure global consistency and local relevance, our compliance framework is designed to: Continuously monitor and adhere to evolving international legal and regulatory requirements. | 88 | Checkout Ltd’s AML legal obligations include, among others: Verify customers’ (including beneficial owners’) identity and address; Keep full records of all transactions together with identification provided; Monitor any unusual or suspicious transactions of any size; Report any suspicious transaction to the National Crime Agency. |
| 89 | Apply industry best practices and a proportionate, risk-based methodology to identify and mitigate financial crime threats. | — | Removed |
| 90 | Design and maintain robust internal systems and controls to prevent our platform from being used for money laundering, terrorism financing, or other illicit activities. | — | Removed |
| 91 | To fulfill our global legal mandates, Checkout.com adheres to the following core pillars: We verify the identity of our customers and their beneficial owners through rigorous Know Your Customer (KYC) and Know Your Business (KYB) protocols. | — | Removed |
| 92 | We maintain comprehensive records of all transactions and identification data in accordance with global data protection and regulatory standards. | — | Removed |
| 93 | We utilize advanced technology to monitor for unusual or suspicious activity across our global network, regardless of transaction size. | — | Removed |
| 94 | We proactively report suspicious activity to the relevant Financial Intelligence Units (FIUs) and law enforcement agencies in the appropriate jurisdictions. | — | Removed |
Follow unlimited companies, monitor the clauses that matter across every platform, and get the full institutional analysis on what each change obligates you to do.