RedotPay Completes Independent Assessment of AML/CFT by Four Major Audit Firms

RedotPay has completed an independent review of its Anti-Money Laundering/Counter-Terrorism Financing (AML/CFT) controls and processes by one of the international Big Four accounting firms. The review covers its licensed subsidiaries in Hong Kong, Red Dot Trust Limited and Red F. Technology Limited, and assesses the effectiveness of its system based on guidelines from the Hong Kong Companies Registry, focusing on governance, quality assurance, customer due diligence (CDD), transaction monitoring, and employee training and resource allocation. RedotPay stated that it will continue to invest in compliance and risk control as the compliance requirements for stablecoin payments evolve.

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