To prevent money laundering and the financing of criminal purposes, the activities of PalWallet comply with required rules such as implementation of internal control policies and procedures, such as KYC/AML, and continuously assessing the risks of the company’s activities based on the requirements of the regulator. Together with those measures, PalWallet takes user privacy seriously and has a layer of protection of user data in accordance with industry standards and beyond via proprietary technology features such as PalShield.

For more info, please see PalWallet's KYC/AML policy and Money Laundering and Terrorist Financing Prevention Law of the Republic of Lithuania.