AML Policy

Pay Quick Financial Services Ltd T/A eTcash has been registered by the Financial Conduct Authority (FCA) to carry on payment services activities as Small payment Institution under the Payment Services Regulations 2024 (Firm Reference Number:834653).

Pay Quick Financial Services Ltd T/A eTcash is a Money Services Business regulated by the HMRC and registered for Money laundering regulations as well. Our compliance officer, nominated officer according to the FCA/HMRC rules, works with management and staff to identify and manage regulatory risk. He makes sure Pay Quick Financial Services Ltd T/A eTcash complies with the Money Laundering Regulations.

eTcash implements money laundering controls through the following steps:

• Training staff
• Producing and maintaining our AML handbook of Policies and Procedures (adapted to each country)
• Continual updates for staff and Partners through training, circulars, and newsletters
• Inbuilt controls in our software/systems
• Audit and sampling checks of transactions
• Reporting to the National Crimes Agency (NCA) when appropriate

The software system used by all eTcash employees is fully compliant with the laid down procedures required by the regulators in the UK and adapted to the rest of Europe compliance rules. The software has in-built Money Laundering filters that are able to identify, monitor and track transactions.

Our own eTcash software programme monitors all payments on the basis of our Money Laundering Procedures as required by the FCA and HMRC and any changes to the requirements will be automatically reflected on our eTcash software.

We are working closely with our regulators to ensure we comply with their rules.