Thought-leadership Industry Insights

How Compliance Plays a Vital Role in Mitigating Financial Crime Risk in Cross-Border Business Payments




Ensuring Customer Security and Safety: SUNRATE's Commitment to Compliance-Driven Customer Security


At SUNRATE, safeguarding our customers' interests is not just a priority, it is a commitment embedded into our daily operations. Our highly experienced, professional compliance teams manage a robust, comprehensive compliance framework designed to meet the highest level of compliance in accordance with the regulatory standards, whilst ensuring to the best extent possible that every transaction is legal, transparent, and secure. In this article, our Head of Group Compliance, Alison So, provides some insights into how SUNRATE places compliance at the forefront of customer security.


Building a Proficient, Resilient Compliance Team
Alison emphasises the important role SUNRATE’s compliance teams play in upholding SUNRATE’s commitment towards integrity and security across all aspects of the company's operations.
“Ultimately, a good compliance team is not just an asset but an essential component of the foundations for sustainable growth, resilience, and ethical conduct within any organisation”. “Equipped with strong applied compliance knowledge, efficient operational processes, meticulous attention to detail and individuals who are passionate about their work, our compliance teams navigate complexities effortlessly, ensuring that our practices consistently meet and exceed regulatory standards that apply around the world”.


Regulatory Adherence
With a dedicated focus on regulatory compliance, our team comprises individuals with extensive experience in financial crime and fraud prevention, Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations in all the jurisdictions we operate and are regulated in.


Comprehensive Risk Assessment
We have well-developed risk assessment framework that enable us to efficiently identify, analyse, and mitigate potential financial crime risks associated with cross-border business payments.


Real-time Transaction Monitoring
SUNRATE employs cutting-edge proprietary technology for real-time monitoring of business transactions. This proactive approach helps in swiftly detecting and flagging suspicious activities or unusual transactional behaviour.


Thorough Documentation and Record-Keeping
We securely maintain records of all cross-border business payments, ensuring full transparency and compliance in accordance with the regulatory requirements.


Ongoing Employee Training
Our staff undergo continuous training to stay updated on regulatory changes and best practices. This empowers them to identify and address potential risks effectively.


Prompt Investigation and Reporting of Suspicious Activities
SUNRATE is committed to reporting any suspicious activities promptly to relevant authorities. Our proactive stance contributes to the collective effort in mitigating financial crime risk.


Emphasis on the Consequences of Non-Compliance
We understand the repercussions of non-compliance. That is why we strictly adhere to compliance standards to avoid penalties, fines, and reputational damage.


Why Choose SUNRATE For Your Cross-Border Business Payments?

At SUNRATE, customer security is non-negotiable. By prioritising compliance in cross-border business payments, we assure our customers of a secure and reliable payments infrastructure.  Here are some of the compelling reasons why customers choose SUNRATE for their cross-border business payments:


Unwavering Commitment to Compliance
SUNRATE prioritises compliance, ensuring that all transactions adhere to all the relevant applicable regulatory standards. This commitment minimises the risks associated with financial crime, providing customers with a secure and reliable platform for their cross-border business payment needs.

Expertise and Experience
With a seasoned compliance team well-versed in navigating complex regulatory landscapes, we provide peace of mind to our customers by ensuring that transactions and accounts are handled with care and due diligence.


Emphasis on Security
Security is paramount for SUNRATE.  We offer robust security measures, including high-level encryption and sophisticated verification models, providing customers with enhanced protection for their business payments.


Certifications and Standards
SUNRATE is certified in accordance with international financial data security standards such as the Payment Card Industry Data Security Standard (PCI DSS) Level 1. This certification underscores our commitment to maintaining the highest level of data security.

Peace of Mind
Choosing SUNRATE provides peace of mind to customers, knowing that their transactions are not only secure but also supported by a company that places utmost importance on compliance, security, and trust.

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