Compliance Requirements
As a regulated financial services platform, FinHub requires all tenants to meet specific compliance requirements before accessing the platform.Required Compliance Documentation
1. Anti-Money Laundering (AML) Policy
Your AML policy should include:- Customer due diligence procedures
- Transaction monitoring processes
- Suspicious activity reporting procedures
- Record-keeping requirements
- Staff training programs
2. Know Your Customer (KYC) Procedures
Document your KYC procedures covering:- Customer identification requirements
- Verification methods and data sources
- Risk-based approach to customer due diligence
- Enhanced due diligence for high-risk customers
- Ongoing monitoring procedures
3. Risk Assessment Framework
Provide your risk assessment framework including:- Risk categorization methodology
- Customer risk scoring criteria
- Geographic risk factors
- Product/service risk assessment
- Periodic review procedures
Compliance Review Process
| Stage | Duration | Activities |
|---|---|---|
| Document Submission | Day 1 | Submit all required documents |
| Initial Review | Days 2-3 | Completeness check |
| Detailed Assessment | Days 4-7 | Compliance team review |
| Clarifications | If needed | Address any questions |
| Approval | Final | Compliance sign-off |
Regulatory Considerations
Depending on your business model and jurisdiction, you may need:- Financial Services License: If operating as a regulated entity
- Data Protection Registration: GDPR compliance for EU operations
- PCI DSS Compliance: For card-related operations
- Local Regulatory Approvals: Country-specific requirements
Ongoing Compliance
After registration, tenants must:- Maintain updated compliance documentation
- Report material changes to FinHub
- Participate in periodic compliance reviews
- Complete required training programs