Overview
WEpayments maintains a robust Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) compliance program as required by Brazilian law. All customers are subject to verification before and during the use of our platform.Know Your Customer (KYC) — Individuals
Individual accounts (PF) require the following verification:Enhanced Due Diligence (EDD)
Additional verification may be required for:- Politically Exposed Persons (PEPs)
- Customers with transactions exceeding defined thresholds
- Customers from high-risk jurisdictions
Know Your Business (KYB) — Legal Entities
Business accounts (PJ) require:Transaction Monitoring
WEpayments continuously monitors transactions for suspicious patterns, including:- Unusual volume or frequency of transactions
- Transactions inconsistent with the customer’s declared business activity
- Transactions involving high-risk countries or sanctioned parties
- Structuring patterns designed to avoid reporting thresholds
Suspicious Activity Reports (SARs)
When suspicious activity is identified, WEpayments is legally required to file a Suspicious Activity Report (Comunicação de Operação Suspeita — COS) with COAF, without notifying the customer.Sanctions Screening
All customers and transactions are screened against:- OFAC SDN List (U.S. Office of Foreign Assets Control)
- UN Security Council sanctions lists
- BCB / COAF sanctioned entities list
- Brazil’s DRCI (National Justice Department) wanted lists
Customer Responsibilities
Customers must:- Provide accurate and truthful information during onboarding and ongoing reviews
- Report any material changes in business ownership or structure
- Not facilitate transactions on behalf of unlicensed or sanctioned third parties
- Cooperate with WEpayments’ compliance team during investigations