1. Regulatory Framework

SWYPE operates in full compliance with applicable laws and regulations governing cryptocurrency services, financial technology, and data protection. Our compliance program is designed to meet or exceed industry standards and regulatory requirements.

1.1 Jurisdictional Compliance

We maintain compliance with regulations in multiple jurisdictions including:

• United States federal and state regulations
• European Union directives and member state laws
• United Kingdom Financial Conduct Authority (FCA) requirements
• Other jurisdictions where we operate or serve customers

2. Anti-Money Laundering (AML) Program

SWYPE maintains a comprehensive AML program designed to detect and prevent money laundering, terrorist financing, and other financial crimes.

2.1 AML Policies and Procedures

• Risk Assessment: Regular assessment of money laundering and terrorist financing risks
• Internal Controls: Implementation of policies, procedures, and internal controls
• Independent Testing: Regular audits by qualified independent parties
• Designated Compliance Officer: Appointment of an AML compliance officer
• Training Programs: Ongoing AML training for all relevant personnel

2.2 Transaction Monitoring

We employ sophisticated transaction monitoring systems to:

• Detect unusual or suspicious transaction patterns
• Identify potentially high-risk transactions
• Monitor transactions against sanctions lists
• Track large or structurally complex transactions
• Generate alerts for manual review by compliance specialists

2.3 Suspicious Activity Reporting

We maintain procedures to identify, investigate, and report suspicious activities to relevant authorities including:

• Financial Crimes Enforcement Network (FinCEN) in the United States
• National Crime Agency (NCA) in the United Kingdom
• Financial intelligence units in other relevant jurisdictions

3. Know Your Customer (KYC) Requirements

Our KYC program ensures proper customer identification and verification in accordance with regulatory requirements.

3.1 Customer Identification Program (CIP)

We collect and verify the following information:

• Individual Customers:
  • Full legal name
  • Date of birth
  • Residential address
  • Government-issued identification number
  • Occupation and source of funds
• Business Customers:
  • Legal business name and structure
  • Business registration documents
  • Tax identification numbers
  • Beneficial ownership information
  • Business address and nature of business

3.2 Enhanced Due Diligence (EDD)

We apply enhanced due diligence measures for higher-risk customers, including:

• Politically Exposed Persons (PEPs)
• Customers from high-risk jurisdictions
• Customers engaged in high-value transactions
• Complex business structures or ownership arrangements
• Customers involved in high-risk industries

3.3 Ongoing Monitoring

We continuously monitor customer accounts and transactions to:

• Ensure information remains current and accurate
• Detect changes in customer risk profiles
• Identify unusual or suspicious activity patterns
• Maintain appropriate risk-based controls

4. Sanctions Compliance

SWYPE strictly adheres to international sanctions programs and maintains comprehensive sanctions screening procedures.

4.1 Sanctions Screening

We screen all customers, transactions, and wallet addresses against:

• Office of Foreign Assets Control (OFAC) sanctions lists
• United Nations Security Council sanctions lists
• European Union sanctions lists
• UK HM Treasury sanctions lists
• Other relevant national and international sanctions programs

4.2 Prohibited Jurisdictions

We do not provide services to individuals or entities located in or connected to:

• Countries subject to comprehensive U.S. sanctions
• Regions designated by international bodies as high-risk
• Jurisdictions identified as non-cooperative by FATF

4.3 Blocked Property

We immediately block and report any transactions involving sanctioned individuals, entities, or jurisdictions in accordance with applicable regulations.

5. Data Protection Compliance

We comply with major data protection regulations worldwide:

5.1 General Data Protection Regulation (GDPR)

• Lawful basis for processing personal data
• Data subject rights and request procedures
• Data Protection Impact Assessments (DPIAs)
• Appointment of Data Protection Officer (DPO)
• Data breach notification procedures
• International data transfer safeguards

5.2 California Consumer Privacy Act (CCPA)

• Consumer rights to know, delete, and opt-out
• Privacy notice requirements
• Non-discrimination provisions
• Service provider agreements

5.3 Other Data Protection Laws

We also comply with data protection laws in other jurisdictions where we operate, including but not limited to UK GDPR, Brazil's LGPD, and Canada's PIPEDA.

6. Financial Regulations

6.1 Money Services Business (MSB) Registration

Where required, SWYPE is registered as a Money Services Business with:

• Financial Crimes Enforcement Network (FinCEN) in the United States
• State regulators requiring money transmitter licenses
• Financial Conduct Authority (FCA) in the United Kingdom

6.2 Payment Services Compliance

Our payment processing services comply with:

• Payment Services Directive 2 (PSD2) in the European Union
• Electronic Fund Transfer Act (EFTA) and Regulation E in the United States
• Payment Card Industry Data Security Standard (PCI DSS)

6.3 Securities Regulations

We do not offer services involving securities tokens or investment contracts. However, we continuously monitor regulatory developments and conduct legal analysis to ensure our cryptocurrency offerings do not constitute securities under applicable laws.

7. Tax Compliance

7.1 Information Reporting

We comply with tax reporting requirements including:

• IRS Form 1099 reporting for U.S. customers (where applicable)
• Common Reporting Standard (CRS) for international tax reporting
• Foreign Account Tax Compliance Act (FATCA) requirements
• Local tax reporting obligations in operating jurisdictions

7.2 Customer Tax Obligations

We provide customers with transaction history and documentation to facilitate tax compliance. However, customers are solely responsible for determining and fulfilling their own tax obligations.

8. Blockchain Analysis and Compliance

We employ advanced blockchain analytics tools to:

• Trace the source and destination of cryptocurrency transactions
• Identify connections to known illicit activities or addresses
• Assess risk scores for incoming and outgoing transactions
• Detect mixing or tumbling services
• Monitor for sanctioned wallet addresses

We partner with industry-leading blockchain intelligence providers to maintain comprehensive transaction monitoring capabilities.

9. Compliance Training and Culture

9.1 Employee Training

All employees receive comprehensive compliance training including:

• Initial onboarding compliance training
• Annual refresher courses
• Role-specific training for high-risk positions
• Updates on regulatory changes and new requirements
• Practical scenarios and case studies

9.2 Compliance Culture

We foster a culture of compliance throughout our organization through:

• Tone from the top emphasizing compliance importance
• Open channels for reporting compliance concerns
• Whistleblower protections
• Regular communications about compliance matters
• Integration of compliance into performance evaluations

10. Third-Party Risk Management

We implement rigorous due diligence procedures for third-party service providers:

• Initial Due Diligence: Comprehensive assessment before engagement
• Contractual Protections: Compliance obligations in service agreements
• Ongoing Monitoring: Regular reviews of third-party compliance
• Audit Rights: Ability to audit third-party controls and procedures
• Incident Response: Procedures for addressing third-party compliance failures

11. Record Keeping

We maintain comprehensive records in accordance with regulatory requirements:

• Customer identification and verification documents (7 years)
• Transaction records and supporting documentation (7 years)
• Suspicious activity reports and supporting analysis (7 years)
• Compliance policies, procedures, and training records (7 years)
• Correspondence with regulators and law enforcement (permanently)

All records are stored securely with appropriate access controls and backup procedures.

12. Regulatory Examinations and Audits

We cooperate fully with regulatory examinations and maintain procedures for:

• Responding promptly to regulatory inquiries
• Providing requested documents and information
• Facilitating on-site examinations
• Implementing corrective actions for identified deficiencies
• Regular internal audits and independent assessments

13. Consumer Protection

We are committed to fair and transparent treatment of customers:

• Clear Disclosures: Transparent fee structures and terms of service
• Fair Practices: No deceptive or misleading marketing
• Customer Support: Responsive customer service and dispute resolution
• Privacy Protection: Safeguarding customer information
• Accessibility: Services accessible to individuals with disabilities

14. Continuous Improvement

Our compliance program evolves to address emerging risks and regulatory changes:

• Regular risk assessments and program reviews
• Monitoring of regulatory developments
• Engagement with industry associations and working groups
• Implementation of lessons learned from incidents
• Adoption of best practices and new technologies

15. Reporting Concerns

We encourage reporting of compliance concerns or potential violations:

Compliance Department:
Website: paywithswype.com
Email: Coming soon

All reports are treated confidentially and investigated thoroughly. We prohibit retaliation against individuals who report concerns in good faith.