Padiepal Anti-Money Laundering (AML) Policy

Effective Date: [4 Sept 2025]

At Padiepal, we are committed to maintaining the highest standards of integrity and compliance with all applicable laws and regulations, including those designed to prevent money laundering and terrorist financing.

This Anti-Money Laundering (AML) Policy outlines our approach to detecting, preventing, and reporting suspicious activities in accordance with legal requirements.

1. Purpose

The purpose of this AML Policy is to:

Prevent Padiepal from being used to facilitate money laundering or terrorist financing.

Ensure compliance with applicable AML laws and regulations.

Protect the integrity and reputation of Padiepal and its users.

2. Scope

This policy applies to all employees, contractors, and users of Padiepal and covers all transactions and activities conducted through our platform.

3. Customer Due Diligence (CDD)

Padiepal follows strict customer identification and verification procedures to know our users and reduce risk, including:

Collecting and verifying valid identification documents.

Monitoring transactions for unusual or suspicious activity.

Performing enhanced due diligence for higher-risk users or transactions.

4. Monitoring and Reporting

We continuously monitor all transactions to detect and report suspicious activities, including but not limited to:

Transactions involving unusually large amounts.

Rapid movement of funds without clear business reasons.

Patterns that suggest structuring or layering.

Any suspicious transactions will be reported to the relevant authorities as required by law.

5. Record Keeping

Padiepal maintains comprehensive records of customer information and transaction history in accordance with regulatory requirements to support any investigations or audits.

6. Employee Training

We provide ongoing AML training to our employees to ensure awareness of AML risks and compliance obligations.

7. Compliance Officer

Padiepal appoints a dedicated AML Compliance Officer responsible for:

Overseeing AML program implementation.

Ensuring compliance with regulatory requirements.

Acting as the point of contact for authorities.

8. Consequences of Non-Compliance

Padiepal reserves the right to take appropriate action, including:

Suspension or termination of user accounts.

Reporting violations to law enforcement or regulatory bodies.

Legal action if necessary.

9. Your Cooperation

Users of Padiepal are required to cooperate with us by providing requested documentation and information promptly and honestly.

10. Policy Updates

This AML Policy may be updated from time to time to reflect changes in laws, regulations, or business practices. Updates will be posted on this page.

11. Contact Us

If you have any questions or concerns about this AML Policy, please contact us:

Email: [support@padiepal.com]

Address: [128 City Road, London]

Padiepal is committed to creating a safe, transparent, and lawful environment for all users.