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Category: Keeping Your Money Secure and Compliance

Why Do Businesses Need To Do Kyc And Aml Checks?

Regulated entities who are involved in financial activities are required to carry out risk-based customer due diligence. It helps to prevent their businesses from being successfully targeted by money launderers, terrorism financiers, and other fraudulent activity. It also protects society : people in many sectors are regarded as “gatekeepers” and are required to carry out […]

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How to Keep Your PayPugs Account Safe From Fraud

fraud

As online fraud becomes an ever-growing threat, you need to know that legitimate organisations, such as PayPugs, do not ever call, email, or text you to ask for personal information such as your identity number, bank account, or credit card numbers. This type of fraud, known as phishing, tries to obtain your identity and passwords […]

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This is How PayPugs Keeps Your Money Safe.

money

What we do to secure your money. At PayPugs we make sure that our client funds are extremely secure by keeping them within our own organisation. Unlike regular banks we don’t invest client funds or do anything with their funds that the client doesn’t agree to in advance, giving them zero risk. What do you […]

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Transparency As A Business Priority

Blog post by Andis K, Head of AML at PayPugs Some businesses will go out of their way to avoid being absolutely truthful to their banking institution. Even companies who are operating legally still have an impulse not to be transparent.  It is too bad, as it seems to me that companies should be able […]

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Technology at the forefront of the financial landscape change

technology

By leveraging the latest technological innovations and their own company infrastructure, fintech companies and other financial service providers have been able to steal away a small but significant slice of the financial market in certain business segments that used to be dominated by traditional banks – and banks are starting to feel the pressure.  Because […]

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