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Framework#
A dedicated compliance function operates independently of commercial teams and reports to the board. Policies are reviewed annually, and each control has a named owner and a testing schedule.
Certification status#
BINK does not currently hold PCI DSS, ISO 27001, SOC 2 or any other security or compliance certification, and no external or independent audit of BINK has taken place.
BINK is not yet licensed or regulated. Regulated services will be provided through licensed partners, and BINK is preparing for UK e-money registration.
AML and KYC#
We verify identity before an account is opened, understand the expected purpose and volume of activity, and refresh due diligence on a risk-based schedule. Enhanced diligence applies to higher-risk relationships.
We may request documents at any point in the relationship. Functionality can be limited until a request is satisfied.
Sanctions screening#
Customers, counterparties and payments are screened against applicable sanctions lists in real time. Matches are held for review, and confirmed matches are reported and blocked.
Transaction monitoring#
Automated rules and behavioural models review activity continuously. Alerts are investigated by trained analysts, and suspicious activity is reported to the relevant financial intelligence unit.
Third-party risk#
Every partner and processor is assessed before onboarding and reviewed annually, covering regulatory standing, security posture, resilience and data protection.
Training and culture#
All staff complete financial crime, security and data protection training at onboarding and annually. Escalation routes are confidential and protected.
Regulatory requests#
We respond to lawful requests from regulators and law enforcement, disclosing only what is required and notifying affected customers where legally permitted.