1. General
B2BINPAY EL SALVADOR S.A. DE C.V. (trading as B2BINPAY) is committed to full compliance with El Salvador's digital asset regulations and applicable AML legislation. Our Compliance department oversees all Anti-Money Laundering and Know Your Customer (AML & KYC) procedures, which apply to all employees and govern how we engage with every client using our services.
This page provides a summary of our internal AML policy.
2. Know your customer
We apply a thorough KYC verification process to all clients, collecting and verifying information about individuals and corporate structures. Anonymous accounts are not permitted. We may request additional documents at any time and failure to provide them may result in the suspension or termination of your account. All clients are required to complete KYC questionnaires, liveness checks and any other verification steps as directed by our Compliance team.
3. Transactions Monitoring
B2BINPAY ITALY S.R.L. verifies client bank’s reputation, geographic location and license. The client is allowed to declare only one bank account for transactions, and all deposits and withdrawals are allowed only from/to the declared account. The Company performs real-time checks of transactions. In case of the evidence or signs of suspicious transactions at the client’s account, cash or crypto replenishments from untrusted sources and / or any actions with attributes of fraud, the Company reserves the right to conduct an internal investigation, to block or close the Customer’s Account, cancel any payment and to suspend providing services.
4. AML/Sanctions screening
We screen all clients — including controllers and beneficial owners — against global sanctions lists to prevent any involvement in money laundering or terrorist financing. We maintain up-to-date records of beneficial ownership and conduct regular reviews of client activity to ensure ongoing compliance.
5. Geographic of providing services, risk based approach
We do not provide services to residents or companies based in the Democratic People's Republic of Korea (DPRK), Iran, Crimea, Cuba or Myanmar. We assess all prospective and existing clients using a risk-based approach, which may result in additional jurisdictions being restricted. Other factors such as product type, delivery channel and client profile are also taken into account during this assessment.
