RedotPay completed an independent review of its anti-money laundering and counter-terrorist financing controls and processes by one of the international Big Four accounting firms.
The assessment covered its licensed subsidiaries in Hong Kong, Red Dot Trust Limited and Red F. Technology Limited, and followed relevant Hong Kong Companies Registry guidelines. The review evaluated systems for identifying, assessing and managing financial crime risks across governance, quality assurance, customer due diligence, transaction monitoring, employee training and resource allocation.
RedotPay said it will continue investing in compliance and risk control infrastructure as stablecoin payment compliance requirements evolve.
RedotPay Completes Big Four Review of AML/CFT Controls
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