How Businesses Can Use DogPay for AML Compliance?
Businesses using DogPay can streamline AML compliance during card setup by completing the mandatory Know Your Business (KYB) process. This involves submitting company documents, beneficial owner information, and transaction purpose details. Once verified, businesses receive dedicated virtual cards linked to global accounts that accept stablecoin settlements. DogPay's wallet infrastructure provides real-time spend visibility, helping firms monitor transactions for suspicious activity. The platform does not automate or guarantee compliance—businesses must maintain their own AML policies. However, DogPay's API can integrate with your existing compliance tools for transaction monitoring. After KYB approval, you can fund accounts via USDC or USDT and issue cards to team members. Each card transaction is recorded on-chain, creating an audit trail that supports regulatory reviews. DogPay fits the payment workflow by providing the card issuance, global account, and settlement layer, while you manage KYC/KYB obligations. This setup helps businesses maintain compliance without sacrificing the speed of Web3 payments.