This analysis describes what Checkout.com's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The clause establishes that Checkout.com places statutory AML/CTF compliance obligations on merchants as a condition of using the payment platform. This allocation of responsibility ensures the merchant, rather than Checkout.com, bears primary responsibility for customer due diligence and regulatory compliance.
Merchants using Checkout.com must establish and maintain their own KYC and AML procedures for their customers as required by applicable law. Non-compliance with this obligation may result in suspension of merchant services or account termination under the terms.
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"You must comply with all applicable anti-money laundering (AML) and counter-terrorist financing (CTF) laws and regulations, including implementing appropriate Know Your Customer (KYC) procedures for your own customers where required by applicable law.— Excerpt from Checkout.com's Checkout.com Terms
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The clause establishes that Checkout.com places statutory AML/CTF compliance obligations on merchants as a condition of using the payment platform. This allocation of responsibility ensures the merchant, rather than Checkout.com, bears primary responsibility for customer due diligence and regulatory compliance.
Merchants using Checkout.com must establish and maintain their own KYC and AML procedures for their customers as required by applicable law. Non-compliance with this obligation may result in suspension of merchant services or account termination under the terms.
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