AML/KYC Policy

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1. OBJECTIVE OF THE AML POLICY

Marven Technology Limited is required to comply with anti-money laundering (AML) regulations in its operations. All employees are committed to adhering to the strictest AML and Know Your Customer (KYC) standards to reduce the possibility that our services will be used to support financial crimes.

Payment services are provided by Marvli Payment OÜ (company number 16338540), a regulated entity registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB) with registration number M24723823.

Marven Technology Limited (hereinafter referred to as “Payevoo”, “we”, “us”, “our”) is a company incorporated under the laws of England and Wales with company number 11289129 and having its registered office at 85 Great Portland Street, First Floor, London, England, W1W 7LT.

Whilst Marvli is the issuer of accounts and provider of payment services, Payevoo acts solely as an agent and partner platform of Marvli.

We have adopted this AML Policy framework to ensure that all necessary measures are implemented to protect the integrity of our services. In this Policy, we pledge to comply with applicable Canadian AML laws, UK regulatory obligations, and internationally recognized anti-money laundering and counter-terrorist financing standards.

2. WHAT IS AML POLICY?

The AML Policy is a framework designed to prevent the misuse of our services for money laundering, terrorist financing, fraud, or other illicit activities.
KYC procedures form an integral part of the AML Policy. Their purpose is to ensure that the company knows and understands its customers and effectively manages associated risks.

In the event of potentially suspicious or unusual transactions or client behaviour, we take the necessary precautions to mitigate risks. As considered relevant, personnel processing transactions may request additional documentation such as proof of source of funds, business justification, or enhanced due diligence data.

We maintain an organized system for keeping all records, including customer identification documents, verification logs, and transactional information. All customer and transactional data is stored confidentially and in compliance with applicable data protection laws.

Our AML Policy includes:

  • Identification and verification of the customer prior to establishing a business relationship;
  • Implementation and maintenance of risk-based customer due diligence (CDD), including enhanced due diligence (EDD) for higher-risk clients;
  • Ongoing monitoring of transactions and account activity to identify suspicious behaviour;
  • Procedures for internal and external reporting of suspicious activities to the relevant authorities;
  • Regular AML and compliance training for all relevant personnel.

Within the due diligence process, we reserve the right to reject customer documentation, close accounts, or terminate business relationships if we detect suspicious activity, forged documentation, or a lack of cooperation.

Payevoo operates in accordance with Marvli Payment OÜ’s AML and KYC framework, adhering to its comprehensive compliance program to ensure that all transactions meet regulatory standards and international AML obligations. The verification and due diligence of Payevoo’s clients are conducted under the oversight of Marvli Payment OÜ.

3. SCOPE OF THE AML POLICY

This AML Policy includes, but is not limited to, the following key components:

  • Customer identification and verification prior to establishing a business relationship;
  • Risk-based customer due diligence (CDD), including enhanced due diligence (EDD) for higher-risk clients;
  • Ongoing monitoring of customer transactions and account behaviour to identify inconsistencies or suspicious patterns;
  • Procedures for internal and external reporting of suspicious activities to the relevant authorities;
  • Comprehensive AML and compliance training for all relevant employees, agents, and partners.

All AML and compliance operations are conducted under the framework of Marvli Payment OÜ’s AML program, and all applicable procedures follow Marvli Payment OÜ’s internal AML Policy.

Within the customer due diligence process, Payevoo reserves the right to reject customer documents, deny account activation, or terminate a business relationship if suspicious activity, falsified documentation, or non-cooperation is identified.

Marvli Payment OÜ is responsible for reviewing Payevoo clients’ KYC/KYB documentation and ensuring ongoing compliance with applicable AML requirements.

The list of prohibited and restricted countries is available in the Prohibited Countries List.

For the purposes of identity verification, sanctions screening, and ongoing compliance monitoring, Payevoo and Marvli Payment OÜ use the services of Finchecker, a regulated verification and compliance technology provider. Finchecker assists in conducting customer identity verification, screening against global sanctions and watchlists, and performing other due diligence procedures in accordance with international AML standards and regulatory obligations.

4. RESPONSE TIMES

Requests related to AML matters — including verification, compliance reviews, disputes, or other AML-related inquiries — are typically processed within up to fifteen (15) business days. The same timeframe may apply to account activation or re-verification processes, depending on the complexity of the case and the level of due diligence required.

For any AML-related matters, please contact our Compliance Department via email at [email protected]