i-transfer´s commitment from its directors, officers, employees, and investors is to build a world class, risk-based compliance program that successfully mitigate risks and protects business partners,employees, and shareholders.
The Company´s compliance program is designed to provide assurances that every transaction conducted is reviewed in compliance with the Bank Secrecy Act as amended by the USA Patriot Act, OFAC and all other applicable laws and regulations.
i-transfer's senior executives and advisors have an extensive history of building industry leading compliance programs.
Key responsibilities of the compliance department:
Policies, procedures, and controls.
Agent management and supervision: agent vetting, risk-rating, auditing, and mystery shopping.
Transaction analysis: robust quality control program and aggressive post-SAR risk analysis.
Documentation, reporting, and record keeping.
Industry-leading internal and external training.
Independent compliance audit per the US Patriot Act guidelines.