How Businesses Can Use DogPay Card Setup for AML Compliance
Businesses operating with crypto or stablecoins must navigate AML compliance carefully. DogPay supports this by requiring thorough Know Your Business (KYB) verification before card issuance. During card setup, companies submit business documentation, beneficial ownership details, and source of funds information. DogPay's compliance team reviews these to confirm legitimacy and meet regulatory standards. Once approved, businesses receive dedicated virtual cards with configurable spend limits and transaction monitoring. Stablecoin settlement means transactions are recorded on-chain, providing an immutable audit trail. This setup helps businesses demonstrate AML controls to partners and regulators. DogPay does not offer automatic top-ups or guarantee approval; each application is reviewed individually. By integrating KYB, spend controls, and blockchain transparency, DogPay can be part of a business's AML compliance workflow. However, businesses should consult their own legal advisors for full compliance.