Effective date: September 2026
This Anti-Money Laundering and Countering the Financing of Terrorism Policy (“AML Policy”) describes how FastKesh Technologies Ltd. (“FastKesh”, “we”, “us”, or “our”) identifies, prevents, and reports money laundering, terrorist financing, fraud, and related financial crime on our payment platform.
It applies to FastKesh personnel, onboarded merchants, and, where relevant, partners who access our Services. Using FastKesh means you agree to cooperate with the controls in this Policy and in our Terms of Service.
Regulatory Framework
FastKesh designs its controls to align with internationally recognized AML/CFT standards, including customer due diligence, ongoing monitoring, sanctions screening, and suspicious-activity reporting. We also follow applicable requirements in the jurisdictions where we operate, including Singapore and other markets served by our partners.
Where a local payment method, bank, or scheme imposes additional rules, those rules apply in addition to this Policy.
Governance and Roles
Compliance ownership sits with FastKesh’s compliance function, which maintains this Policy, oversees onboarding reviews, and escalates high-risk cases. Business, product, and engineering teams implement the controls in our onboarding, risk engine, and operations workflows.
Senior management is responsible for resourcing the program and for ensuring that risk decisions can override commercial pressure when required.
Customer Due Diligence
Before a merchant can process live volume, we collect and verify information needed to understand the business and its risk profile. This typically includes:
- Legal name, registration details, country of establishment, and business type
- Ownership and control information, including directors and beneficial owners where required
- Nature of products or services, expected transaction profile, and website or app
- Identity documents and, where applicable, proof of address or incorporation
We may refuse or delay onboarding if information is incomplete, inconsistent, or cannot be verified.
Enhanced Due Diligence
Higher-risk relationships receive additional review. Triggers can include complex ownership, activity in higher-risk sectors or geographies, unusual expected volumes, adverse media, or politically exposed persons associated with the business.
Enhanced review may include extra documentation, source-of-funds or source-of-wealth questions, senior-compliance approval, and tighter monitoring or reserves.
Transaction Monitoring
FastKesh monitors payments, payouts, refunds, and related activity for patterns that may indicate money laundering, mule activity, sanctioned exposure, or fraud. Alerts are reviewed by trained staff or automated rules, and cases may be escalated, delayed, or declined.
Monitoring rules are updated as typologies change. We may request invoices, delivery evidence, or other support for a transaction.
Sanctions and PEP Screening
We screen customers, relevant related parties, and, where feasible, transactions against applicable sanctions lists and politically exposed person databases. Matches are reviewed before onboarding or continued processing.
FastKesh does not knowingly provide Services to sanctioned persons, blocked jurisdictions, or activity that would violate sanctions law.
Suspicious Activity Reporting
If we know, suspect, or have reasonable grounds to suspect that funds are the proceeds of crime or related to terrorist financing, we will file reports with the competent authority as required and may freeze or decline activity.
You must not tip off any person that a report has been or may be made. Doing so can be a criminal offence and is a breach of this Policy.
Record Keeping
We retain identification, screening, transaction, and investigation records for the periods required by law and our partners — typically at least five years after the end of the business relationship or the date of the transaction, whichever is later, unless a longer period applies.
Training and Awareness
Relevant FastKesh staff receive AML/CFT and sanctions training appropriate to their role, including how to identify red flags and escalate cases. Training is refreshed periodically and when regulations or products change.
Prohibited Activities
FastKesh does not support activity we determine to be unlawful or unacceptably high risk. Examples include:
- Money laundering, terrorist financing, fraud, or sanctions evasion
- Unlicensed money transmission or nested third-party processing without approval
- Dealings with shell banks or anonymous accounts
- Other categories listed in our prohibited-business schedule or merchant agreement
Merchant Obligations
Merchants using FastKesh must:
- Provide truthful onboarding information and notify us of material changes
- Use the Services only for their own disclosed business, unless we approve otherwise
- Respond promptly to information requests and remediation plans
- Not process transactions for unknown third parties or prohibited goods and services
Failure to cooperate may result in delayed settlements, reserves, suspension, or termination.
Updates
We may update this AML Policy as laws, partner requirements, or our risk appetite change. The current version is posted on this page with a revised effective date. Material changes may also be communicated to merchants through the dashboard or email.
Contact Information
Questions about this AML Policy, onboarding reviews, or suspected financial crime can be sent to:
- Email: compliance@fastkesh.io
- Address: FastKesh Technologies Ltd., 1 Marina Blvd, #28-00, Singapore 018989
- Phone: +65 6123 4567