IDENTITYCustomer and business verification
KYC · KYB · Risk Assessment
COMPLIANCE & SECURITYCombining compliance and security,
Combining compliance and security,
Integrate into products and operational processes
MIEPAY adopts a risk-based approach to integrate customer verification, transaction monitoring, authority control and record keeping throughout the applicable product and service processes.
RISK-BASED APPROACH
Control systems that match customer, product and transaction risks
Compliance is not an inspection step independent of the business. MIEPAY designs controls based on applicable laws and regulations, regulatory requirements, partner policies and specific product scopes, and continuously improves them in conjunction with business and risk changes.
CLIENT ONBOARDINGCustomer access
KYC · KYBVerify identity, business nature, service purpose and expected transaction activities.
TRANSACTION OVERSIGHTTransaction monitoring
MONITOR · REVIEWBased on customer risk and transaction characteristics, screening, review and disposal are supported.
OPERATION GOVERNANCEoperational governance
CONTROL · AUDITManage key processes through permissions, approvals, operational traces and audit records.
CONTROL FRAMEWORKCovering the customer and transaction life cycle
Covering the customer and transaction life cycle
core control
Controls are configured based on applicable product, customer category, jurisdiction and risk level, and do not represent identical processes for all services.
Customer identity and business verification
Conduct KYC, KYB and applicable enhanced due diligence based on customer type, product and risk level.
Risk assessment and ongoing review
Comprehensive risk assessment based on customer, product, channel, region and transaction characteristics, and update when necessary.
Transaction monitoring and list screening
Monitor unusual transaction characteristics and conduct sanctions, PEP and related list screening as part of applicable processes.
Permissions and key operation approvals
Configure access rights according to roles and responsibilities, and set approval nodes for sensitive operations such as refunds and risk disposal.
Record Keeping and Audit Trail
Keep identity verification, transaction status, refund, settlement and operation records, and support query, review and audit.
System and data security
Reduce system and data risks through environment management, access control, anomaly monitoring and supplier management.
SECURITY & AUTOMATION GOVERNANCE
Automation improves efficiency and key controls are always retained
Automation tools, multi-model AI and digital workers assist in executing tasks within the scope of authority. When it comes to customer access, risk treatment, refunds, price changes or other sensitive matters, manual review and confirmation can be set up according to the process.
Configure access scope according to position, system and business needs.
Set up artificial nodes for high-risk or irreversible operations.
Record important inputs, operation status and processing results.
Optimize controls based on exceptions, feedback and risk changes.
The available regions, customer types, limits, audit requirements and cooperation arrangements of MIEPAY's various services may be different. The details are subject to the applicable agreement, product disclosure and final audit results.
Support long-term collaboration with clear controls
For information on product-specific admission, KYC/KYB or trading requirements, please contact the MIEPAY team.
Consulting on Compliance and Product Range