Anti-Money Laundering Statement

This Anti-Money Laundering Statement is provided GOTCHA (Global Oversight for Transactions, Compliance, and High-risk Analysis) service and the askgotcha.ai website (collectively, “GOTCHA”) provided by ThePaymaster Limited (“ThePaymaster”, “we”, “us”, “our”), a company registered in England and Wales (Company Number 15991850) with its registered office at 167-169 The Fifth Floor, Great Portland Street, London, England, W1W 5PF.

Our Commitment

At ThePaymaster, our commitment to preventing financial crime is fundamental to how we operate. As specialists in high-value paymaster payments, we combine innovative technology with comprehensive verification to maintain exceptional standards of compliance while delivering swift, secure service.

Innovation in Compliance

We’re developing two patent-pending solutions that enhance security and efficiency:

1. Digital Wallet Verification System
   A groundbreaking approach linking verified identities with wallet ownership through
   cryptographic proof, ensuring secure cryptocurrency transactions.
2. Source of Funds Verification Platform
   An innovative system for establishing and verifying source of funds, cutting the process
   from days or weeks to just an afternoon or morning.

Automated Verification Through Sumsub

All participants in ThePaymaster transactions undergo automated verification through our partnership with Sumsub, a leading global verification platform:

Comprehensive KYC/KYB

• Real-time identity verification
• Ultimate beneficial ownership checks through company registries
• Access to over 30,000 databases for thorough verification
• Global compliance coverage across jurisdictions
  Enhanced Screening
• Politically Exposed Persons (PEP) screening
• Sanctions list monitoring
• Adverse media checks
• Ongoing monitoring and alerts

This automated process applies to:

• All senders of funds
• All recipients
• Both fiat and digital asset transactions

Enhanced Due Diligence as Standard

Given our focus on transactions above £250,000, we maintain enhanced due diligence as our baseline standard. This includes:

Identity and Ownership Verification

• Automated document verification
• Liveness detection
• Company structure analysis

Business Understanding

• Detailed source of funds verification
• Clear transaction purpose understanding
• Expected transaction patterns
• Business and ownership structure comprehension

Secure Technology

We protect transactions through:

• Advanced blockchain verification
• Real-time transaction monitoring
• Secure documentation management
• Comprehensive audit trails

Regulatory Framework

Our anti-money laundering controls comply with:

• The Money Laundering Regulations 2017
• The Proceeds of Crime Act 2002
• Payment Services Regulations 2012
• All relevant regulatory guidance from HMRC and the FCA

Our Commitment to You

While maintaining the highest compliance standards, we ensure:

• Swift, efficient processing
• Clear communication throughout
• Secure handling of information
• Professional, responsive service

Reporting Obligations

ThePaymaster maintains clear procedures for identifying and reporting suspicious activity in accordance with UK law. We cooperate fully with all relevant authorities while maintaining appropriate confidentiality.

Contact Us
For questions about our AML procedures or compliance requirements, please contact us at:

Email: info@thepaymaster.co.uk