Licensing & registration
Regulated. Licensed. Verifiable.
Compliance framework
Six controls active on every account.
AML / CFT
Anti-money laundering and counter-financing of terrorism controls embedded across all client flows — transaction monitoring, red-flag detection, and regulatory reporting.
KYC / KYB
Individual and business identity verification with multi-tier due diligence. Beneficial ownership disclosure, source of funds documentation, and ongoing monitoring.
Sanctions Screening
Automated real-time screening against OFAC, UN, EU, HK, and other sanctions lists on every transaction and counterparty — before funds move.
Transaction Monitoring
Continuous rule-based and behavioral monitoring of all payment flows. Unusual patterns trigger automated review before clearing — not after.
Regulatory Reporting
Structured reporting frameworks for STR/SAR filings, correspondent bank requirements, and jurisdictional obligations across Hong Kong SAR and FATF member states.
Dual-Control Approvals
High-value and high-risk transactions require dual officer sign-off before execution. Role-based access management limits exposure at every level.
Onboarding process
What we verify before opening your account.
Company & ownership verification
Certificate of incorporation, ownership structure, UBO declaration, authorised signatories.
Source of funds & business model
Nature of business, expected transaction volumes, customer base, revenue sources.
Individual KYC
Passport/ID verification, proof of address, PEP and sanctions screening for all beneficial owners.
Risk assessment
Jurisdiction, industry, and counterparty risk scoring aligned with FATF recommendations.
Compliance review & approval
Internal compliance officer review. Approval decisions are made by qualified persons, not automated gates.
Ongoing monitoring
Periodic re-verification, transaction pattern review, and updated documentation as your business changes.
Jurisdictions and services vary depending on client type, business activity and partner structure. XChangeLab Limited is registered as a licensed Money Service Operator (MSO) in Hong Kong SAR (License No. 24-04-03215, issued by the Customs and Excise Department). The platform and its compliance framework are designed to meet the standards of regulated financial operations in major jurisdictions, including FATF member states.