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PANPAY Compliance team
PanPay AML and Compliance team consists of banking and finance experts with solid experience in Anti-Money Laundering and Anti-Terrorist Financing.
Our team members are located in Europe, China, Hong Kong and the United States, ensuring that the payments are safe with PanPay.
PanPay's core system is inter-connected with Single Euro Payments Area (SEPA) clearing system.
Funds security
PanPay meets the highest level of the EU's Protection of Customer Funds regulatory requirements. 100% of Customer Funds are segregated from PanPay's funds and deposited in the Central Bank or safeguarding accounts of high credit rating ranked Banks.
Risk control compliance
PanPay's Anti-Money Laundering and Anti-Terrorist Financing Database is directly connected to Office of Foreign Assets Control (OFAC), EU Sanctions, United Nations, Accuity and other databases covering more than 240 countries and regions.
System Security Compliance
From highly redundant 3-level data centre architecture, strict physical access control, ISO 27001:2013 certification to SSL certificate encryption - PanPay utilises the latest technological advancements to protect the data stored in our internal IT infrastructure.
System's security compliance meets the AML requirements of EU banking institutions.
GDPR and Data Compliance
PanPay meets the EU's highest level of data protection regulatory requirements, and complies with the EU General Data Protection Regulation (GDPR) and EU Payment Act (PSD2) requirements.
Qualifications of PanPay
Our international branches meet the regulatory requirements of local Central Banks and Financial Management regulators.
PanPay Europe
Holds the Unrestricted Electronic Money Institution licence, issued by the Bank of Lithuania (part of European Central Bank), company code 304516316.
PanPay is a SEPA Credit Transfer scheme participant, managed by the European Payments Council (EPC), supervised by the Central Bank of Lithuania (EU member) and consequently by other respective European financial governmental Institutions.
UAB PanPay Europe
SWIFT/BIC code: PAEOLT21
Europe Financial Institution Code: 38700
PanPay Hong Kong
Holds a Hong Kong money service provider licence.
Approved by the State Administration of Foreign Exchange (SAFE) for foreign-related business records, a supervisory authority over foreign exchange in China.
PanPay USA
Holds 50 US states money service provider licence.
Authorized by the FinCEN of the United States under the Money Service Operator Regulations
Licence Number: 31000166352046
PanPay USA Inc. is authorized by the FinCEN of the United States under the Money Service Operator Regulations.
PanPay USA Inc. BIC (SWIFT): PNUAUS62.
PanPay Hong Kong Limited is authorized by the Commissioner of Customs & Excise under the Money Service Operator Regulations.
PanPay Hong Kong Limited BIC (SWIFT): PAHNHKK2.
UAB PanPay Europe is authorized by Bank of Lithuania (part of European Central Bank) under the unrestricted Electronic Money Regulations.
UAB PanPay Europe Financial Institution Code: 38700, UAB PanPay Europe BIC (SWIFT): PAEOLT21.