AML

CashCardOne Pte. Ltd

CashCardOne Pte. Ltd ANTI-MONEY LAUNDERING STATEMENT

As a Stored Value Facility (SVF), CashCardOne Pte. Ltd is committed to compliance with all applicable laws and regulations regarding Anti-Money Laundering (“AML”). Our policy is to make all reasonable efforts to detect people engaged in money laundering, fraud, terrorist financing and other financial crimes, and to prevent them from using our services.

HOW DOES THIS IMPACT ME?

As part of our AML Compliance Program, we are required to obtain and record information and documentation that helps confirm your identity or provides additional information regarding your business or account activities. We do this to satisfy our "Know Your Customer" (KYC) requirements.

If we cannot confirm this information electronically we may require documents to verify your identity:

  • A legal government-issued, identifying document with the picture of the user clearly displayed. It may be a government-issued passport, driver’s license or ID card; and
  • A utility bill with the user’s own name and actual address on it no older than 3 months. It may be a utility bill, bank statement, affidavit, or other bill from a verifiable company
  • Other applicable information as required

WHEN IS INFORMATION REQUESTED?

We may ask for this information during account opening or as part of our account review process, which we periodically conduct on all existing users. We also may request information from you as a result of our MAS AML screening or if you apply for new products, services or account enhancements. All users wishing to transact over $1,000 or equivalent in any one transaction per 24 hour period will be required to verify their identify and address.

If you have any questions, feel free to contact us at compliance@cashcardone.com

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