We’ve Received an Independent Review of Our AML/CFT Controls from a Big Four Firm

We’re proud to announce that we’ve received an independent review of our Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) controls and processes, conducted by a Big Four firm.

The review, which covered our licensed Hong Kong subsidiaries*, evaluated our AML/ CFT processes and controls against the relevant guidelines issued by the internationally recognized Hong Kong Companies Registry. The review covered end-to-end compliance processes, including governance, quality assurance, customer due diligence (CDD), transaction monitoring, and internal staff training and resourcing. 

Why did we undergo the independent review, and why is it significant?

We believe stablecoin-powered payments should be fast and simple, but never at the expense of proper safeguards and compliance. As stablecoin payments move into the mainstream, companies like ours carry a responsibility to hold themselves to the highest standards of compliance and financial crime prevention. We want to lead by example. 

The review confirms that our processes and controls are capable of identifying, assessing, and managing financial-crime risk. This is significant for our users, partners, stakeholders, and investors because it means we are building a foundation for offering our services responsibly and sustainably.

“All stablecoin payments firms have a solemn responsibility to operate with strong safeguards and clear accountability,” said a RedotPay spokesperson. “We welcome independent scrutiny because it helps us continuously assess and improve the controls that support our users, partners, and the broader payments ecosystem.”

A continuing commitment

This review is one step, not the destination. As the rules for stablecoins and digital payments evolve, we will keep investing in our controls, working closely with regulators and partners, and maintaining transparency with our community.

Our goal is to make stablecoin payments more accessible while continuously earning the trust of the people and institutions that rely on us. Thank you for being with us every step of the way.

*Red Dot Trust Limited and Red F. Technology Limited

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