Compliance & Regulatory

Licenses and Authorizations

DaksonGlobal holds licenses and authorizations in multiple jurisdictions, including:

• Money Service Business (MSB) licenses in the United States
• Electronic Money Institution (EMI) licenses in the European Union
• Payment Service Provider licenses in Asia-Pacific regions
• Financial Services Provider registrations in other key markets

Regulatory Bodies

We are regulated by and comply with the requirements of financial regulatory authorities in each jurisdiction where we operate, including but not limited to:

• Financial Crimes Enforcement Network (FinCEN) - USA
• Financial Conduct Authority (FCA) - UK
• European Banking Authority (EBA) - EU
• Monetary Authority of Singapore (MAS) - Singapore
• Reserve Bank of India (RBI) - India

Customer Due Diligence

We implement comprehensive KYC procedures to verify the identity of our customers and understand the nature of their financial activities. This includes:

• Identity verification using government-issued documents
• Address verification and proof of residence
• Source of funds verification for high-value transactions
• Ongoing monitoring of customer transactions
• Enhanced due diligence for high-risk customers

Transaction Monitoring

Our advanced transaction monitoring systems automatically detect and flag suspicious activities, including:

• Unusual transaction patterns
• Transactions exceeding regulatory thresholds
• Transactions to or from high-risk jurisdictions
• Potential structuring or layering activities

Suspicious Activity Reporting

We maintain robust procedures for identifying and reporting suspicious activities to relevant financial intelligence units and regulatory authorities in accordance with applicable laws.

Compliance Team

Our dedicated compliance team, led by our Chief Compliance Officer, ensures that we maintain the highest standards of regulatory compliance across all business operations.

Training and Education

All employees receive regular training on compliance requirements, AML procedures, data protection, and regulatory updates to ensure ongoing adherence to best practices.

Internal Controls

We maintain robust internal controls, policies, and procedures to ensure compliance with all applicable regulations and to detect and prevent financial crimes.

Audits and Reviews

We conduct regular internal audits and engage independent third-party auditors to review our compliance programs and ensure effectiveness.