Fusang upholds the Financial Action Task Force (“FATF”) standards on KYC / AML compliance and strives to be fully compliant with the regulators. With accordance to the FATF guidelines to prevent anti money laundering and terrorist financing, we verify the sources of wealth to identify that it is from a legitimate source and not from a high-risk industry such as gambling, art, antiques, auctions houses, precious metals or jewels.
We do our best to keep the requests as simple as possible for your ease of access to our platforms by onboarding efficiently through our AI-powered software and automation tools.
Verification of each applicant is conducted and screened through global sanctions database suppliers, thorough validation and ownership checks, spoofing detection, face recognition, sanctions / pep checks and overall risk rating.
Ongoing monitoring and record keeping through transaction monitoring tools, providing automated and accurate surveillance capturing all digital footprints and transactions, minimising fraud.