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Compliance Reference

Swipelux operates as an EU-licensed Virtual Asset Service Provider (VASP). This section explains the compliance model, supported jurisdictions, onboarding requirements, payment methods, and responsibility split between Swipelux and sub-merchants.

Topics

General Information

Understand Swipelux’s role as the regulated entity and how compliance responsibilities are split with sub-merchants. General Information ->

Supported Verticals

See how business categories are classified into allowed, conditional, and prohibited risk tiers. Supported Verticals ->

Jurisdiction Framework

Review end-user eligibility by region, document requirements, payment rail availability, and transaction limits. Jurisdiction Framework -> Transaction Limits ->

End-User Identity Verification (KYC)

Review individual KYC paths, including standard verification and approved reliance flows. KYC Verification -> Implementation: Individual onboarding API workflow

Wallet Architecture and Payouts

Understand custodial MPC wallets and self-custody withdrawal controls. Wallet Architecture ->

Payment Methods

See supported pay-in and payout methods. Payment Methods ->

Merchant Onboarding (KYB)

Review KYB requirements, document collection, and Enhanced Due Diligence triggers. Merchant Onboarding -> Implementation: Business onboarding API workflow

Travel Rule Compliance

Understand FATF Recommendation 16 controls for VASP-to-VASP transfers and unhosted wallet transactions. Travel Rule ->

Screening and Monitoring

Review sanctions, PEP, blockchain analytics, and transaction monitoring controls. Screening and Monitoring ->

Governance and Roles

See how Swipelux and sub-merchants split responsibilities, including data retention. Governance ->

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