AML

Anti-Money Laundering (AML) & Sanctions Compliance Statement

PaymentWorld.io is a DBA of International Data Inc., a FinCEN-registered Money Services Business (MSB) based in Montana. We are committed to preventing money laundering, terrorist financing, fraud, and sanctions evasion across all products and services.

Scope
This statement applies to all PaymentWorld.io services, including pay-ins, payouts, cross-border transfers, and related value-transfer solutions provided directly by International Data Inc. or through regulated partners.

Our Legal and Regulatory Framework

We maintain a risk-based AML/CFT program aligned with:

The U.S. Bank Secrecy Act (BSA) and implementing regulations (31 CFR Chapter X).
USA PATRIOT Act requirements concerning anti-terrorist financing.
OFAC economic and trade sanctions, including screening against U.S. sanctions lists.
Applicable state money-transmitter requirements and guidance from FinCEN.

Key Program Components

Governance & Accountability
- A designated AML Compliance Officer with authority and resources to oversee the program.
- Board/executive oversight and periodic reporting on AML risks and controls.
Risk-Based Customer Due Diligence (CDD/KYC & KYB)
- Verification of customer identity (individuals) and business identity (entities).
- Collection and verification of beneficial owners and a control person for legal entities.
- Enhanced Due Diligence (EDD) for higher-risk customers, industries, products, geographies, or transaction patterns.
Sanctions, PEP & Adverse Media Screening
- Screening of customers and relevant parties against OFAC and other applicable lists.
- Detection and escalation procedures for Politically Exposed Persons (PEPs) and adverse media results.
- Immediate blocking/reporting where required by law.
Ongoing Monitoring & Investigations
- Automated and manual monitoring to identify unusual or suspicious activity.
- Timely escalation, case management, and, where appropriate, Suspicious Activity Report (SAR) filings with FinCEN.
- Controls to prevent structuring, fraud, account takeover, and transaction laundering.
Recordkeeping & Travel Rule
- Maintenance of required records, including originator/beneficiary information and transfer details, in accordance with U.S. recordkeeping rules and the Funds Transfer “Travel Rule.”
- Retention of records for legally mandated periods.
Reporting & Threshold Obligations
- Filing of required regulatory reports (e.g., SARs and other reports as applicable).
- Cooperation with lawful requests from regulators and law enforcement.
Independent Testing & Training
- Periodic, independent program testing commensurate with our risk profile.
- Initial and ongoing AML training for relevant employees, contractors, and agents.

Prohibited Use and Restricted Categories

We prohibit use of our services for any illegal purpose, including but not limited to: fraud, sanctions evasion, terrorist financing, human trafficking, narcotics trafficking, child exploitation, and activity involving sanctioned persons, entities, or jurisdictions. We may restrict or decline categories that present elevated regulatory or reputational risk consistent with our risk-based approach.

Data Protection & Confidentiality

We protect customer information in line with applicable privacy and security requirements. Regulatory sharing (e.g., SAR confidentiality) is maintained in accordance with law.

Global Partners & Availability

Certain products or features may be offered in collaboration with regulated financial partners. Availability is jurisdiction-dependent and may be restricted by local law, licensing, or risk considerations.

Reporting Concerns

If you suspect suspicious activity related to a PaymentWorld.io account or transfer, please contact our compliance team immediately.

Contact Compliance: [email protected]
Mailing Address: International Data Inc. d/b/a PaymentWorld.io — 1001 S Main Street, Suite 600, Kalispell, Montana, 59901, USA
Last Updated: September 6, 2025

section heading hidden