#k_best-practices
tawdry locustBOT
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exotic sky
https://docs.stripe.com/connect/risk-management#know-your-customer-kyc-and-compliance:
In addition to operational risk management solutions, Stripe provides KYC and risk-based screening to help onboard connected accounts and maintain compliance with evolving regulations. Stripe screens include the following:
- Identity verifications
- Risk-based KYC and AML checks for individuals and businesses
- Sanctions screening
- MATCH (Member Alert To Control High-risk businesses) list checks
- Secure credit card data tokenization for PCI compliance
- Money transmitter licenses (MTL) in the US and e-money (EMI) licenses in the EU
- Prohibited business checks
Also in https://docs.stripe.com/connect/risk-management/best-practices#sanctions-concerns:
As a US company, Stripe complies with all sanctions programs administered by the US Office of Foreign Assets Control (OFAC), along with a number of other national and international sanctions regimes. That includes prohibitions against interactions with certain individuals and entities, as well as comprehensive bans on business dealings involving certain countries or regions targeted by sanctions regimes.
Stripe screens all accounts, including connected accounts, in compliance with our own obligations under sanctions regimes. If a connected account is flagged as a possible sanctions concern, Stripe pauses payouts from that account and emails the platform to request additional information. If you have a preferred email address for receiving sanctions-related requests, contact Stripe Support.
Payouts from the connected account remain paused until the review has been cleared. Disregarding or violating sanctions can lead to fines, regulatory action, and loss of licensing for both Stripe and our users.
Stripe will screen for accounts (including connected accounts) for compliance related matters. If you have further questions about the compliance for connected account, I'd recommend checking with Support https://support.stripe.com/contact as this channel is mainly for technical integration questions such as API.
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