Compliance
Compliance and Risk Control
WHITECAPITAL applies a risk-based approach to merchant onboarding, agency instructions, transaction monitoring, prohibited business screening and document review.
KYB / KYC
- Before onboarding, WHITECAPITAL may request registration documents, ownership information, beneficial owner details, director information, website details, business description, expected turnover and other documents required for review.
AML / CFT
- WHITECAPITAL does not support transactions related to money laundering, terrorist financing, fraud, sanctions evasion, illegal goods or services, anonymous transfers or transactions without an underlying commercial purpose.
Prohibited categories
- illegal activity
- fraud
- money laundering
- terrorist financing
- sanctions evasion
- illegal gambling / betting
- adult content and adult services
- drugs
- weapons
- counterfeit goods
- malware
- stolen data
- phishing
- unlicensed financial services
- crypto exchange
- token issuance
- investment schemes
- anonymous transfers
- transactions without underlying commercial purpose
Restricted categories
- gaming projects
- digital goods
- marketplaces
- gift cards
- VPN/proxy services
- software and subscriptions
- fulfillment services
- shopping assistance services
- cross-border e-commerce
- travel services
- high-volume merchants
Restricted categories may require enhanced review, limits, restrictions or prior bank approval.