Issued by Krepling Inc.
Effective Date: 20th June 2025
This Anti-Money Laundering (“AML”) Policy outlines the principles and procedures Krepling Inc. (“Krepling”) follows to detect, prevent, and report money laundering and related financial crimes in compliance with U.S. laws and regulations, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and guidance from the Financial Crimes Enforcement Network (FinCEN).
What This Means:
This document explains how Krepling works to stop illegal money flows, in line with U.S. law.
This policy applies to all Krepling Pay services, employees, systems, merchants, and third-party partners involved in financial processing and customer onboarding.
What This Means:
Everyone involved with Krepling Pay—including merchants—must follow these rules.
Krepling has designated a qualified AML Compliance Officer responsible for:
Designing and maintaining the AML program.
Monitoring transactions and reporting suspicious activity.
Ensuring employee training and policy enforcement.
What This Means:
One person at Krepling is in charge of making sure AML rules are followed.
Krepling performs identity verification during onboarding to ensure all merchants are legitimate businesses. This includes:
Collection of legal entity name, EIN, ownership structure.
Verification of beneficial owners and control persons.
Government-issued ID for individuals.
Business documents (e.g., Articles of Incorporation).
What This Means:
We verify the identity of every business and person who signs up for Krepling Pay.
Krepling categorizes customers based on risk. Higher-risk merchants are subject to:
Review of transaction history.
Additional business documentation.
Site inspections or interviews.
Ongoing monitoring.
What This Means:
Riskier businesses are checked more thoroughly and reviewed more often.
Krepling monitors payment activity in real-time to identify red flags such as:
Unusual transaction volumes or frequencies.
Payments to or from high-risk jurisdictions.
Round-dollar or repetitive transactions.
Mismatches between expected and actual activity.
What This Means:
We watch for unusual activity that might signal fraud or illegal behavior.
Krepling is required to file a Suspicious Activity Report (SAR) with FinCEN if it detects potential money laundering or other suspicious activity, including:
Structuring (splitting large amounts into small transactions).
Use of shell or front companies.
Use of false or stolen identification.
Transactions involving sanctioned entities or persons.
What This Means:
If something looks suspicious, we report it to the U.S. government.
Krepling maintains records for a minimum of 5 years, including:
Merchant KYC documentation.
Transaction data and communications.
SAR filings and internal investigation notes.
What This Means:
We keep records of all activity to support audits and investigations.
Krepling screens all users and transactions against:
The OFAC SDN (Specially Designated Nationals) List.
Sanctioned countries and entities.
Law enforcement watchlists.
What This Means:
We block users or payments connected to people or countries under U.S. sanctions.
All relevant employees receive AML training covering:
AML laws and internal policies.
How to recognize suspicious activity.
How to escalate and report concerns.
What This Means:
Our staff is trained to spot and report suspicious or illegal activity.
Krepling’s AML program is independently reviewed on an annual basis by qualified third parties to ensure effectiveness and regulatory compliance.
What This Means:
An outside expert checks every year to make sure our AML program is working correctly.
Violations of this policy may result in:
Termination of merchant accounts.
Employee discipline.
Reports to regulators or law enforcement.
What This Means:
Breaking AML rules has serious consequences, including account shutdowns and legal action.
© 2025 Krepling Pay
Krepling Pay is a global payment gateway offering services through its subsidiaries and licensed partners. Payment processing and money transmission services are provided in accordance with local licensing requirements, regulatory frameworks, and financial conduct standards. In the United States, such services are offered through Krepling Inc., which maintains compliance with applicable federal and state money transmission laws. For licensing details and regulatory disclosures, please visit our Legal page.
