Compliance and security
Compliance and risk management
We verify every client, website, type and structure of operations.
WESOLLA applies a risk-based approach: every client is reviewed by jurisdiction, product, business structure, website subject matter and nature of operations.
KYC / KYB
Verification of company and founder information
Verification of the legal entity, beneficial owners, ownership structure and documents.
Technology configuration of confirmations
Automated document verification, fast onboarding and compliance with regulatory standards.
Website review by an authorised party
Analysis of the merchant's website: content compliance, presence of terms, policies and accuracy of information.
Verification options for corporate clients
A flexible KYB verification package for corporate clients depending on jurisdiction.
Transaction monitoring
Continuous monitoring of operations to detect anomalies and risk patterns.
Performance monitoring
Data collection and control of operational metrics for prompt management.
AML / CFT
Client verification policy (AML)
Client verification procedures in line with international anti-money-laundering standards.
Analysis of the source of transaction funds
Verification of the origin of funds for every transaction to rule out illegal sources.
Monitoring — risk tracking
Continuous monitoring of transactions and client behaviour to identify risks in a timely manner.
Screening of persons in transaction links
Screening of transaction participants against sanctions lists and PEP lists.
Sanctions and payment flow screening
Automatic checks against international sanctions lists for every operation.
Compliance system status
Regular audit of procedures and the status of compliance with regulatory requirements.
Verification
Comprehensive verification of every client
Before onboarding, every client goes through multi-level verification: documents, beneficial owners, website, business model and transaction profile.
Verification
Risk-based approach
Prohibited categories
The following types of activity are not served.
Unlicensed trading
Offering financial services without the relevant licences and proper regulatory approval.
Illegal trade
Sale or circulation of prohibited, illegal or counterfeit goods in any form.
Uncertified financial services
Offering investments without licences or in circumvention of regulatory requirements.
Casinos and gambling (unlicensed)
Online casinos, betting and other gambling services without proper authorisation.
Other client category (unlicensed)
Other types of activity requiring special licences or regulatory approval.
Individually prohibited categories
Prohibited categories of operations requiring separate review and approval.
Ongoing control
Regular data review
Updating information about clients and operations to keep compliance current.
Transaction risk monitoring
Continuous monitoring of transactions to detect suspicious activity.
Model data control
Regular audit of the risk models in use to keep them current in a changing environment.
Compliance trigger alerts
Automatic notifications for prompt response to changes in the regulatory framework.
Security breach signals
Security monitoring and alerts to protect data and minimise breach risks.
Regulatory updates
Regular updates to meet regulatory requirements in all operating jurisdictions.
Prohibited operations cannot be accepted for execution.