Overview
Swipelux regulatory framework, jurisdictional guidelines, and compliance requirements for merchants and end-users
Reference
Purpose: Understand Swipelux's regulatory framework, compliance requirements, and jurisdictional guidelines.
This compliance reference provides comprehensive documentation for merchants integrating with Swipelux. As an EU-licensed Virtual Asset Service Provider (VASP), Swipelux handles all regulated crypto activity while sub-merchants focus on user experience and acquisition.
Topics
General Information
Understanding Swipelux's role as the regulated entity and the compliance responsibilities split between Swipelux and sub-merchants.
Supported Verticals
Business categories classified into three risk tiers: Allowed, Conditional (EDD required), and Prohibited.
Jurisdiction Framework
End-user eligibility by region, document requirements, and the complete jurisdictional matrix for payment rails.
End-User Identity Verification (KYC)
Two integration paths for identity verification: Standard KYC (Swipelux hosted) and Sub-Merchant Reliance (Import KYC).
Wallet Architecture and Payouts
Custodial MPC wallet infrastructure and non-custodial payout options for self-custody withdrawals.
Payment Methods
Supported on-ramp methods (fiat deposits, crypto deposits, third-party aggregators) and off-ramp methods (fiat payouts).
Merchant Onboarding (KYB)
KYB verification requirements, required documentation, and Enhanced Due Diligence triggers.
Travel Rule Compliance
FATF Recommendation 16 compliance for VASP-to-VASP transfers and unhosted wallet transactions.
Screening and Monitoring
Continuous AML/CTF monitoring including sanctions/PEP screening, blockchain analytics, and transaction monitoring.
Governance and Roles
Liability and responsibility matrix defining the roles of Swipelux and sub-merchants, plus data retention policies.
Quick Reference
Swipelux Responsibilities:
- KYC, sanctions, PEP screening
- Wallet screening, blockchain execution
- Crypto custody and exchange
- Travel Rule compliance
Sub-Merchant Responsibilities:
- Marketing compliance
- UX geoblocking
- Sector-specific licensing
- User journey design