Our approach to compliance
CXPAG takes a proactive approach to compliance, aligning every corridor we operate with international best practices for anti-money laundering (AML) and counter-terrorist financing (CFT). The network is designed to meet the standards our partners' own regulators and auditors expect.
AML & Know Your Business (KYB)
Every payment company and end-counterparty on the network goes through a rigorous AML and KYB program:
- Identity & entity verification: we verify the identity of partners and their beneficial owners before onboarding.
- Real-time transaction monitoring: advanced systems flag and block suspicious activity as it happens, integrated with Chainalysis for on-chain risk assessment.
- Ongoing due diligence: partners are periodically re-screened to ensure continued compliance with our policies and applicable regulation.
Platform security
- End-to-end encryption: all communications and transactions are encrypted in transit and at rest.
- Segregated asset storage: a combination of cold and hot storage keeps the large majority of custodied assets offline.
- Independent audits: regular security audits and penetration testing.
- Certifications: SOC 2 Type II, ISO 27001, and ISO 27701.
Regulatory coverage
- MSB and MTL licenses in the US, EMI/PI licenses in the UK and EU, MSB registration in Canada, and equivalent licenses in other countries, through regulated banking and payment partners.
- VASP/CASP registration in the US, UK, EU, Canada, and other countries through regulated virtual asset partners.
Contact
For questions about our compliance program or to request documentation for your own due diligence, reach our team at compliance@cxpag.com.