Cross border payments have to comply
with relevant Anti Money Laundering and
Counter-Terrorist Financing (AML/CFT)
rules. Identity verification of the sender
and the beneficiary are key parts of this
compliance.

This is especially true for certain send
and receive countries that are consid-
-ered higher risk. Identity verification
of the sender or beneficiary in a higher
risk country can be challenging.

Through its ID verification gateway,
RemitID was created to solve this problem
for money transfer companies ( MTO's) and
various cross border payment companies.